Key Insights:
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FLOW turned out to be one of the best-performing assets today, rising by 12.3%.
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Other altcoins such as AAVE did not support the broader market’s rally.
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Bitcoin and Ethereum also continued trading at $23k and $1.5k, respectively.
Most of the altcoins were still keeping their rallies intact, rising further by the hour, however, their bullishness was countered by the assets that consolidated today.
But a decline in the market cap is primarily out of the question as both Bitcoin and Ethereum maintained their $23k and $1.5k price levels.
Flow (FLOW)
FLOW led the few altcoins that traded in the green, with the altcoin marking a 12.32% growth over the last 24 hours despite the intraday decline of 2.5%.
But with the Awesome Oscillator indicating rising bullishness for the altcoin, this instance might act as a bounce-off to push FLOW towards recovering its 52.23% June losses.
Enjin Coin (ENJ)
ENJ was in the same pickle as FLOW as the altcoin did not observe any rise today, but the rally from yesterday kept its 24-hour movement positive.
Trading at $0.6, ENJ still has room to grow as the diverging Bollinger Bands indicate rising volatility with the basis acting as support.
VeChain (VET)
VET at the time of writing did not move at all but, with the help of yesterday’s 5.24% growth, continued highlighting bullishness.
Although the Chaikin Money Flow does exhibit a downtick, it is mostly an inaccurate fluctuation as most of the investors are still investing in the asset, pushing it to recover its almost 32% crash of June.
Solana (SOL)
Unlike other altcoins, Solana did note some downfall today, declining by 5.28% during the trading hours, but kept its 33.65% rise throughout the week intact.
The MACD at the moment is noting some bullishness thanks to the bullish crossover, which will support it in rising further.
Aave (AAVE)
Although AAVE did not have some depreciation in the last three days, on the macro, it is maintaining its 90.13% rise from the lows, which will is crucial for the altcoin to rise above the $100 mark.
The Parabolic SAR’s white dots do exhibit an uptrend for the asset, which can assist AAVE in recovering the 57.81% dip of June.
This article was originally posted on FX Empire
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