The recovery in altcoins has been noticeable in the past few days, but despite a recovery, most of the altcoins have shown range-bound moves with opportunities for price consolidation in the next trading sessions. XRP’s market capitalization rose 5.96% in the past 24 hours, BCH moved sideways and traded green at press time, and finally, the BNB was showing bullish sentiments on the 4-hour chart.
After XRP bounced off the $ 0.54 support level on June 22, the coin fluctuated between its immediate support and resistance levels. The coin is up 2.9% in the past 24 hours and has remained consolidated between the $ 0.54 support and the $ 0.67 resistance level.
Bollinger bands pointed out that price swings and volatility for the coin will remain small at press time, the bands looked convergent. Chainlink cash flow stressed that increased capital inflows have driven the indicator above the neutral zone at the time of writing.
The green bars on the Great oscillator were visible at press time and the reading signaled that the coin was being driven by bullish momentum, but at press time it remained weak.
BCH traded sideways again as shown on the 4-hour trading chart.
On the Relative Strength Index On the indicator, the coin showed a slight decline, which meant that buying pressure eased slightly.
Market volatility has shown a decline with limited price movement for the coin since Bollinger bands ran in parallel at the time of going to press. Bullish momentum was created on Great oscillator At the time of going to press, the green signal bars were visible above the zero linee.
BNB ranks 4th according to CoinMarketCap and has seen a price increase of 3.7% since June 27th. The narrowed mouths of Bollinger bands indicated that the coin would experience range-bound movement in the next trading sessions.
The MACD Histograms showed bullish momentum with a bullish crossover that occurred on June 25th, the indicator also showed a short bearish crossover for one day on June 27th.
Green signal lines were on at the time of going to press Great oscillator Indicator suggesting that the emerging bullish force may cause some price rally.