The rally in altcoins has been noticeable over the past few days, however, despite the rally recording, most altcoins have represented range-related moves with chances of price consolidation over the next few trading sessions. XRP’s market cap has risen 5.96% in the past 24 hours, BCH has moved sideways and was trading green at time of release, finally BNB has shown bullish sentiments on the trading chart of 4 hours.
After XRP ricocheted off the $ 0.54 support level on June 22, the coin hovered between its immediate support and resistance levels. The coin has seen a 2.9% increase in the past 24 hours and has remained consolidated between support of $ 0.54 and resistance levels of $ 0.67.
Bollinger bands indicated that price movement and volatility will remain low for the coin as at the time of publication the bands appeared to converge. Chainlink Money Flow pointed out that the increase in capital inflows has pushed the indicator above the neutral zone at the time of writing.
The green bars on the Awesome oscillator were visible at press time and the reading signaled that the coin was being pulled by a bullish momentum, but remained weak at press time.
BCH was back to sideways trading as shown on the 4 hour trading chart.
On the relative strength index indicator, the coin represented a small drop, which meant that the buying pressure had eased slightly.
Market volatility has shown a decline with restrained price movement for the coin as Bollinger bands was running in parallel at the time of publication. A bullish momentum was observed on the Awesome oscillator as at time of press green signal bars have been spotted above zero line.
BNB ranks 4th according to CoinMarketCap and has seen a 3.7% increase in prices since June 27. The tightened mouths of Bollinger bands indicated that the coin would experience range-related movement over the next few trading sessions.
the MACD the bar charts represented a bullish momentum with a bullish cross that occurred on June 25, the indicator also read a brief bearish cross for a day on June 27, however, at press time the indicator showed that the coin was progressing towards a bullish momentum.
Green signal lines were predominantly dominant at the time of going to press on the Awesome oscillator indicator which suggested that the emerging bullish force could lead to some recovery in prices.
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