EOS, Ethereum Basic, MATIC Price tag Investigation: 03 July

EOS did not recover considerably more than the last ten days, noting a decline of 18.77% in its investing quantity around the previous 24 hrs instead. Market place bears had been nevertheless energetic as the alt struggled to go previous its $4.18 resistance stage.

Ethereum Traditional obtained by 43.20% above the final 7 days and at push time, the altcoin was consolidating amongst its assistance and resistance degrees. Ultimately, MATIC registered an uptick just after going on a downward trend right after 30 June. 


EOS, Ethereum Classic and MATIC Price Analysis: July 3

EOS/USD, TradingView

EOS was trading at $4.01, at the time of producing, whilst not a lot adjusted for this alt above the past 7 days. The coin was relocating involving the $3.3 help and $4.18 resistance. It attempted to split previous its speedy resistance of $4.18, but could not do well. However, thinking of the 5.1% hike in its price tag around the final 24 several hours, EOS could before long leave the $3.30 support degree nicely at the rear of. 

The Great Oscillator underlined a limited-time period bullish drive. Nevertheless, if the alt fails to transfer previous the $4.18 resistance amount, bullish momentum could die out. On 1 July, the MACD indicator registered a bearish crossover. 

With respect to rate fluctuations, the Bollinger Bands remained slim and projected that EOS may possibly see limited rate motion likely ahead. 

Ethereum Classic [ETC]

EOS, Ethereum Classic and MATIC Price Analysis: July 3

Etcetera/USD, TradingView

Ethereum Common registered gains truly worth 9.9% about the final 24 several hours and a sizeable 43.2% hike around

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Matic spikes 45% in two times amid crypto industry restoration what’s following?

Selling price of Polygon’s native token Matic has surged far more than 45% in the previous two times amid a restoration in the broader crypto current market. The electronic asset can go on its bullish development if it sustains higher than the $.9 amount in the near expression, gurus say.

From March 2020 until the peak at $2.45, Matic has risen just about 163 moments from its first current market capitalization offering out a very clear intent of its adoption in the marketplace, say authorities.

The electronic token’s recognition has increased among crypto investors over the last couple of months owing to the point that Polygon Network is striving to clear up the scalability and usability issues with ethereum even though featuring a lot quicker and much less expensive transactions.

Having said that, selling prices corrected considering the fact that late May perhaps and have been going through a interval of consolidation together with correction in the larger cryptos these types of as bitcoin and ether.

“Historically, Matic has witnessed bullish shopping for momentum all over its guidance stage of $.677 and the similar conduct has been viewed in excess of the previous two times,” claimed CoinDCX spokesperson.

As opposed to bitcoin, Matic had seen a deeper 75% correction in prices from its peak of $2.62 on 18 May possibly 2021. Amid some balance in the crypto industry, Matic recovered from a reduced of $.64 on 20 July and hit a hit of $.93 through the final 48 hours.


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Bitcoin (BTC) is struggling to sustain any price level during the current pullback, indicating a lack of demand at higher levels. Does this mean that the bull trend is over and the institutional investors are abandoning the crypto markets?

No! It is the other way around. Glassnode’s weekly newsletter pointed out that the Grayscale Bitcoin Trust (GBTC) premium is rising, suggesting that institutional investors are accumulating at lower levels.

GBTC is not alone, another popular vehicle for institutional investors, the Canadian Purpose Bitcoin exchange-traded fund has also witnessed strong capital inflows. According to analysts at Glassnode, this shows “early signs of renewed institutional interest.”

Crypto market data daily view. Source: Coin360

Another metric that may be signaling a possible bottom in Bitcoin is its dominance chart, which looks similar to the early part of 2017. If Bitcoin’s dominance follows a similar trajectory to 2017, it will indicate that Bitcoin is still some distance away from its peak and altcoin season still has room to run.

Now that the monthly options and futures expiry has passed, investors are likely wondering if Bitcoin could start a sharp recovery next week and which altcoins will rally if that happens. 

Let’s look at 5 cryptocurrencies that could start trending moves this week.


Bitcoin’s brief breakout could not clear the hurdle at the 200-day simple moving average ($41,014) on May 26 and 27, indicating the bears are defending this level aggressively. The downsloping 20-day exponential moving average ($41,327) and the relative strength index (RSI)

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