Solana, THETA, MATIC price analysis: July 1st

At the time of writing, the 24-hour cumulative volume of the cryptocurrency market was $ 110 billion. At the same time, however, total market capitalization was found to be $ 1.38 trillion, 3.94% less than yesterday.

While several cryptocurrencies, including MATIC and Theta Network, have seen slumps in the past 7 days, Solana has shown signs of recovery, rising 8.1%.

Solana [SOL]

Source: SOL / USDT – trade view

Solana was trading in the green at the time of going to press, with the Alt posting a price increase of 5% in the past 24 hours despite corrections in the past few hours. However, the price has rallied since the beginning of this week, climbing from $ 28.6 on July 27th to $ 35.8 today.

SOL had a market cap of roughly $ 9.4 billion and was ranked 13th on CoinGecko, with the crypto valued at $ 34.05 at the time of writing.

It is Bollinger bands began to converge on the charts – a sign of falling volatility and less chance of sharp price movement. That Great oscillator represented a dominant bullish trend.

The capital inflows at SOL were higher than the outflows, as in the Chaikin money flow, although the latter were observed to be increasing.

21Shares, the Switzerland-based provider of investment products, recently announced the launch of the world’s first publicly traded Solana product (ticker ASOL) on the SIX Exchange.

Theta network [THETA]

Source: THETA / USDT – trade view

With a market capitalization of $ 6.6 billion, THETA was placed in CoinGecko’s rankings. Down 2.5% in the last 7 days, it was trading at $ 6.4 at the time of writing.

After recovering from the June 27 slump, THETA’s price has recently consolidated between the USD 6.4 support and the USD 7.3 resistance level. It had climbed to $ 10.4 about a month ago.

The 4 hour chart showed a weak trend like that Average direction index. That MACD and signal lines experience a retrograde crossover while the Relative Strength Index highlights the increasing pressure to sell.

Theta Mainnet 3.0 is expected to hit the market today, according to the Theta Blockchain hard fork.

Polygon [MATIC]

Source: MATIC / USDT – trade view

After hitting almost $ 2 at the beginning of June, the MATIC fell to $ 1.7 in mid-June and to $ 1.15 at the end of last month. At the time of writing, it changed hands at $ 1.11.

In fact, MATIC appeared to be on the verge of breaking below the USD 1.10 support. Earlier last month, MATIC received support in a lower price range of $ 1.01 and if the price continues to fall it could fall back on the same.

That Chaikin money flow Indicator showed higher capital outflows.

That Stochastic RSI below 50, indicating that MATIC was trending down, especially as a bearish crossover was imminent. The dashed line of the Parabolic SAR hovered above the candlesticks, indicating a bearish trend in the charts.

Today the WePiggy credit protocol announced its upcoming launch on Polygon. It will also enable the liquidity mining program on Polygon.

Comments are closed.