Following Bitcoin’s strong rally in the last two days, the king coin climbed up by almost 13.75% while other altcoins followed its suit. Uniswap (UNI) saw a 5.57% rise, while EOS’s price rose by 5.12% and Monero’s price surged by 4.02%. The assets’ bullish momentum has introduced a renewed optimism for these alts.
Uniswap[UNI]Source: UNI/USD – TradingView
Uniswap ranked 10 on CoinMarketCap, traded at $23.93 at press time, saw a 5.34% daily price rise and a 2.40% weekly price rise. The asset’s ROI over the past 30 days, vs USD, was down by almost 34.7% and it had a breakeven multiple of 1.86.
The alt tested its $21.9 support mark on June 12 and made a swift recovery in just one day. The upward price trajectory for the asset initiated a bullish momentum as depicted by Parabolic SAR since the dotted line remained under the candlesticks.
Further, Squeeze Momentum Indicator displayed an active squeeze release (white dots). While the current trend according to the indicator is bullish, the appearance of the squeeze release could mean that a trend reversal might take place.
Meanwhile, Relative Strength Index (RSI) highlighted that the asset was close to the overbought zone and buying pressure was dominant. RSI noted 63.7 at press time, however, a slight downtrend in the indicator highlighted that selling pressure was creeping in.
EOS Source: EOS/USD – TradingView
As EOS completed three years of its Mainnet activation on June 14, the alt saw price gains beginning June 13. The asset traded between the $4.5 support and $6.9 resistance since the June 17 market fall. At press time, EOS traded at $5.2 and highlighted slight signs of recovery from its sideways price movement.
Awesome Oscillator for the asset corresponded with its moderately bullish momentum with a slight rise of green bars above the zero-line. However, Bollinger Bands for the alt showed no signs of opening up and ran almost parallel to each other pointing towards low volatility for EOS.
Further, Capital inflows were seen increasing as the indicator showed a slight uptick at press time according to Chaikin Money Flow.
Monero[XMR]Source: XMR/USD – TradingView
Monero ranked 27 and saw an 11.07% price rise in seven days. The alt was down 46.43% from its ATH and had a breakeven multiple of 1.87. XMR’s price has been on an uptrend since June 13 and if it keeps increasing it might test the $310.4 resistance mark.
Relative Strength Index (RSI) for the asset highlighted its recovery from the overbought zone, as steady selling pressure started building at the beginning of June 15. However, buying pressure was still dominant as RSI noted 68.67 at press time.
Further, Awesome Oscillator pointed towards a bullish momentum creeping in with a slight rise of green bars above the zero-line. Additionally, Bollinger Bands for the asset diverged, depicting an increased price range and volatility.