BTC managed to overcome its consolidation chapter again, trading over $40K while writing this. However, most altcoins remain consolidated. EOS surged 2% only while MATIC remained calm.
The EOS price chart depicted volatility signs where MATIC shows possible breakout. Meanwhile, UNI emanates bullishness on the four-hour technical charts.
EOS valued at $4.03 while writing this content after the minor gains in the previous sessions. With that, EOS’s market value rose by 1.77%. Also, the altcoin kept its trading movements in red regardless of the gains. The coin has faced multiple obstacles to surge since their upside movements on 21 July.
The SMI (Squeeze Momentum Indicator) showed the market price squeezes. That highlighted lower volatility. However, the market appears to regain strength as the ADI (Average Directional Index) moved closer to 30. That way, ESO might be safe from drastic price drops.
Contrary, the buying pressure on the RSI dropped as the coin registered considerable gains since yesterday.
While publishing this news, MATIC traded at $1.05 after increasing by 5% over the past 24 hours. However, MATIC has not recovered its losses regardless of its July price corrections. The altcoin remains the least gainer per week after surging by 9.6% in the last seven days.
Remember, MATIC struggled to break the $1.03 resistance for a while before succeeding on 27 July. For now, the asset might plunge beneath the $1 again since it failed to move higher. Meanwhile, if it manages to break the following resistance at $1.06 to the upwards, MATIC can rally to new highs. Failure to do that might see MATIC exploring the lower support at $0.94.
Uniswap moves in consolidation as the alt hovers from the $19.60 to $21.60 range. At the time of this publication, UNI traded at $21.16. The asset attempted the $21.60 resistance over the previous sessions but failed to overcome it.
For now, UNI’s price hovers around this level. More losses might see UNI falling to the support at $19.60. However, if the asset pushes up, UNI might test the immediate resistance.
The UNI tech attitude appears bullish. The MACD made a bullish cross on 30 July. Also, the histogram grows in size. The Awesome Oscillator supported the market, highlighting green bars while writing this.
Feel free to comment and share this content.