BITCOIN ROSE ABOVE $21K AFTER A WEEK DELIBERATION
With the entire market offering altcoins support, many cryptocurrencies noted the circles yesterday led by the GameFi Axie Infinity token.
With some following suit and Bitcoin closing green, the crypto market seems to be doing better than it did a few days ago.
Axie Infinity (AXS)
Within 24 hours, AXS rose 16% to trade at $ 17.2 at the time of writing. This brought the Axie Infinity five-day event to 31.3%, however, there is still a long way to go before it recovers a loss of 46.5% this month.
Along with the rally, the bullish indicators of the DeFi token also began to tighten as the green bars on the Awesome Oscillator continue to rise. If the momentum is maintained, altcoin will return to $ 22 soon.
Basic Attention Token (BAT)
Altcoin has had an impressive run over the past ten days, rising from $ 0.28 to $ 0.43 at the time of publication. The rally was a success in making all June losses illegal, preparing the BAT for recovery in the April-May crisis.
While the meeting may seem to be influenced by broader market trends, BAT has the support of its investors as the noted highs in Chaikin Money Flow indicate a clear inflow of assets.
Another altcoin enjoying the uptrend, Zilliqa, focuses on the successful reversal of the 38.3% decline on June 5. However, it would not be entirely allowed if ZIL closes above $ 0.05, which is as small as altcoin trades at $ 0.046. .
However, it will not be too trivial for ZIL to achieve it as the MACD clearly highlights the bullish crossover with bullish growth.
After suffering from bearishness throughout the month, the Metaverse token finally managed to recoup the $ 1 mark, trading at $ 1.1 at the time of publication. Sandbox supports its 38% meeting from the past five days, which will help it get closer and end the June losses.
The presence of white dots of Parabolic SAR under candlesticks confirms that the uptrend will continue to increase the price of SAND.
As it was the only currency to close the red yesterday, ONE continued its decline, trading at $ 0.025. Enduring more than 85% losses, ONE always paints red candles, leaving investors with huge losses.
With the Relative Strength Index (RSI) still holding on to the bearish area, altcoin may take some time to recover from the crash.