Crypto Price Analysis July 11: QNT, GMT, MIOTA, AR, XTZ
Key Insights:
Quant led the decline today after a 66.48% rally last week.
Monero stayed with the bulls marking a 3% rise.
Bitcoin and Ethereum fell to $20k and $1.1k, respectively.
The crypto market’s breakout is becoming more and more impossible with every passing day.
With the king coin and altcoin king returning to their consolidation levels of $20k and $1.1k, altcoins are also noting a fall.
Quant (QNT)
After a solid streak of rises for nine days, QNT managed to rise by 66.48% before falling by almost 9% in the last 24 hours, trading at $77.04. But the Awesome Oscillator continued to flash rising bullishness.
This could keep the price fall under control and make this just a bounce-off instead of a dip.
STEPN (GMT)
GMT, just like QNT, noted a decline of 13.05% over the previous 24 hours after recovering significantly. The altcoin managed to close above $1 thanks to the 71.06% before falling to $0.87 at the time of writing.
The Bolling Bands, however, make it apparent that GMT is in a gradual incline, with the converging bands indicating low volatility.
IOTA (MIOTA)
MIOTA has been struggling to recover from the June lows as the coin is still trading at $0.2758, barely rising in almost a month. The 8.28% fall today further added to the difficulty.
Plus, the outflows on the Chaikin Money Flow (CMF) make it apparent that the decline impacted the investors as they pulled their money from the asset.
Arweave (AR)
Although the altcoin was trading in red at $11.62, it was still up by 4.38% from yesterday’s lows. Considering the gradual incline observed since mid-June, the altcoin is set to continue going up.
The Parabolic SAR is highlighting an uptrend on the charts, which could helo AR climb back above $12.
Tezos (XTZ)
XTZ maintained a rise today, climbing the charts by 3.57%, trading at $1.68, and the consistent incline will keep the coin on the path of recovery from the June crash.
The Relative Strength Index (RSI) is also above the neutral line in the positive zone, which could further boost XTZ’s rise.
This article was originally posted on FX Empire
