Bitcoin has seen a significant increase of 24.3% over the past seven days. The altcoins followed suit, moving north, albeit not as much as the king coin. Despite the volatility, ADA was on the rise and could break its immediate resistance level of $ 1.31 in upcoming trading sessions. Binance Coin flashed bullish sentiments overall. DASH sent a buy signal and increased buying pressure accordingly.
Price action was choppy for ADA. At the time of going to press, the coin was trading at $ 1.31, and its valuation was up 3.8%. The alt was trading above its critical $ 1.31 resistance level and on the upside, the next resistance level to watch out for would be at $ 1.36. ADA primarily sparked a consolidated price move as prices remained wedged between $ 1.21 and $ 1.31.
A look at the Bollinger bands indicated that the opportunities for volatility during the immediate trading sessions are slim, however ADA may prepare for a range breakout. It noticed signs of bullishness, despite sideways movement and rising prices. The same was indicated by growing green signal bars on the Ingenious oscillator.
That MACD The indicator also showed the presence of small green bars at the time of going to press, confirming the above statement about the bullish signal.
Binance Coin (BNB)
Binance Coin soared 7.2% overnight when it traded for $ 331 at press time. Interestingly, most of the BNB’s profits came from the mint’s performance over the past 24 hours. After a price consolidation, BNB finally managed to test the $ 321 resistance level. If prices are rising the resistance has been at $ 337 and if prices fall it could fall to the $ 309 level.
A decline seemed like an unlikely situation for the NBB, considering that all of the technical indicators painted a bullish picture for the coin. A bullish crossover was noted on July 31st after which the green histograms gained strength MACD display.
The volatility was low, as can be seen from the charts. On the Squeeze momentum indicator, the black crosses meant low volatility and also an indication to buy from here. Parabolic SAR aligned below the candlesticks, suggesting that price levels may move higher.
DASH is up 4.8% in the last 24 hours at press time and has continued its steady upward move since July 21st. It also broke its $ 156 resistance level on July 30, trading at $ 163 at the time of writing. DASH’s market cap rose 4.84% in the past 24 hours as prices rose.
That Squeeze momentum indicator displayed a buy signal. A squeeze release meant that volatility could come into play.
That Relative Strength Index envisaged no decrease in buying pressure and remained bullish. If the demand for the coin increased, the indicator would move north. On the other hand, Chaikin money flow showed a decline in capital inflows at the time of going to press.