Cryptocurrency

DASH, Cosmos, Binance Coin Price Analysis – July 7

Most digital coins have seen their prices consolidating over the past 24 hours. As usual, the assets saw unpredictable movements. Binance Coin had a 110% increase in trading volume while DASH saw its surging by 10% over the past day. However, ATOM had its trading volume shading around 50.40%.

Binance made stories recently after suspending EU’s SEPA payments temporarily.

Binance Coin

Binance Coin’s (BNB) price consolidated after the recent market sentiments. However, the altcoin failed to indicate extended uptrends after a 5% uptick since yesterday. While writing this content, BNB trades at $334.01 after an 11.2% surge in a week. If bulls manage to take over the market for increased prices, Binance Coin will have its next resistance at $364.20. On the other side, if it sheds value, the first resistance level will lie at $290. Also, Bollinger Bands indicated a slight divergence, showing market volatility. Parabolic SAR signals uptrend as dotted lines appeared beneath the candles. The Awesome Oscillator has indicated bullish sentiments since July 5.

Cosmos

ATOM’s surges stalled while the altcoin traded around $13.20 in the past 48 hours. Technical analysis does not indicate massive price movements. The cryptocurrency had its value dropping by 2.1% since yesterday to trade around $13.21. Despite the uptrends since June 26, the coin’s bulls failed to accumulate enough momentum to break the $14.97 crucial resistance.Relative Strength Index showed buyer’s power despite the declined buying pressure. The asset has traded in the overbought territory twice for the past two weeks as buyers exceeded sellers. While writing this, Chaikin Money Flow (CMF) indicated capital inflow plunges.As the coin didn’t register significant fluctuations with the downtrends, the Awesome Oscillator showed an incoming bearish attitude.

DASH

DASH had its price movements oscillating between its currency resistance and support levels. The altcoin failed to conquer the $146 resistance and $130 support levels. DASH’s price surged by 1.2% since last week. The coin traded in the green zone after gaining 0.5% in an hour. Buyers seem to join the market as the asset’s value consolidates. MACD indicated bullish sentiments today.The Parabolic SAR corresponds to the bullish outlook, signify uptrends.

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