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Crypto Price Analysis July 13: DCR, CRV, AAVE, FTM, BAT

·2 min read

Key Insights:

  • Decred led the rally with a 17% rise in 24 hours.

  • Fantom and Basic Attention Token were among the ones to note a decline still.

  • Bitcoin and Ethereum continued to trade at $19k and $1k.

The crypto market did not see a lot of change throughout the day, remaining planted at $854 billion as the altcoins balanced out each other’s ups and downs.

The king coin and the altcoin king, which were already on a downtrend, further declined today but did not slip below $19k and $1k.

Decred (DCR)

DCR was one of the best performing coins of the day, going up by 24.09% during the trading hours to trade at $25.67. Within a single day, the altcoin recouped all that it lost in the last two weeks.

The Awesome Oscillator highlights increasing bullishness at the time of writing, so DCR might be able to keep up with this rise.

Curve Finance (CRV)

CRV, following in the footsteps of DCR, flipped the active downtrend and rallied by 15.86% today, even recovering $1 in the process. If CRV closes above the current trading price of $1.01, it can flip $1 into support.

And by the looks of the Bollinger Bands, the chances of the same happening seem positive as the candlestick is above the bias.

Aave (AAVE)

The DeFi token managed to rise by 12.68% after declining by 17.03% in the last couple of days. Trading at $76.79, AAVE is yet to recover even half of the losses it experienced in June.

However, it does have the investors’ support, as visible by the uptick in the Chaikin Money Flow highlighting consistent inflows.

Fantom (FTM)

FTM followed the other altcoins as it barely moved, keeping its price down by 3.6% in the 24-hour span. Trading at $0.23, the DeFi token is still bearing the brunt of the bears.

From here on, a drop in the prices is possible since the MACD is indicating the arrival of a bearish crossover on the charts.

Basic Attention Token (BAT)

BAT made no progress in recovering the losses of this week as the altcoin traded at $0.36. Down by 18.88%, BAT is yet to find support to rally.

Additionally, the Relative Strength Index (RSI) also flashed bearish signs at the time of writing as it slipped into the bearish zone.

This article was originally posted on FX Empire

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