Altcoins
Massive Crash Pushes Crypto Values to 2023 Levels, Analysts Name Top Altcoins for July Rally
In a dramatic turn of events, the market has suffered a significant crash, pushing the values of many digital assets to levels not seen since 2023. Among the hardest hit are major altcoins such as Injective (INJ), Near Protocol (NEAR), and Cardano (ADA). However, despite the decline, analysts are identifying these altcoins as prime candidates for a rally in July.
Injection (INJ) Price Movement and Analysis
Injective (INJ) has been a focal point in the cryptocurrency market for its innovative approach to decentralized finance. Currently trading at $19.29, INJ has seen a 15.91% decline over the past seven days. This decline has brought its market cap to $1.79 billion, with a 24-hour trading volume of $203.23 million.
The MACD (Moving Average Convergence Divergence) level is at -1.07, indicating bearish momentum, while the Relative Strength Index (RSI) is at 35.79, suggesting that the asset is approaching the oversold territory.
Cardano (ADA) Drops 10% in Last 7 Days
Cardan (ADA)Another major altcoin, has also felt the impact of the recent market crash. Currently trading at $0.35, ADA has seen a decline of 10.83% over the past seven days. Its market cap is $12.39 billion, with a trading volume of $768.84 million over the past 24 hours.
The MACD level for Cardano (ADA) is -0.0133, reflecting a bearish trend, while the RSI is at 31.85, indicating that ADA is in oversold territory and may be ready for a reversal. ADA may see renewed interest and upside price momentum as the network continues to develop and launch new features.
Near Protocol (NEAR) Approaches Bearish Momentum
With a current price of $4.38, Near Protocol (NEAR) has seen a 14.29% decline over the past seven days. Its market cap is $4.80 billion and its 24-hour trading volume is $505.40 million.
The MACD level is at -0.400, which suggests bearish pressure, while the RSI is at 32.18, which indicates that NEAR is approaching oversold conditions. Analysts highlight NEAR as a strong contender for a price rebound, especially given its strong technical basis and expanding use cases.
Investors seize the opportunity to join the DTX platform
DTX Exchange has shaken up the investment community with its revolutionary technology as the market recovers from these turbulent times. Offering access to over 120,000 assets across various categories, including cryptocurrencies, stocks, bonds, forex and commodities, DTX Exchange offers traders unparalleled opportunities for diversification and profit potential.
With features such as 1000X leverage, distributed liquidity pools and non-custodial wallets, DTX Exchange allows traders to maximize their profits while minimizing risk. The platform’s lightning-fast execution speeds, averaging 0.04 seconds, ensure traders can capitalize on market opportunities with precision and efficiency.
DTX Exchange’s Powerful Pre-Sale Ignites Investor Interest
DTX Exchange complies with international financial regulations, ensuring a safe and reliable trading environment. The platform has already raised over $2 million in a private seed round and continues to attract significant public interest.
With a current token price of $0.04 and a plan to raise to $0.06 in the next round, DTX Exchange represents an interesting investment opportunity for those looking to get into the market early and benefit from its future growth.
While the recent market crash has pushed many cryptocurrencies to 2023 levels, analysts remain optimistic about the potential for a rally in July. Given their strong fundamentals and innovative approaches, Injective (INJ), Cardano (ADA), and Near Protocol (NEAR) are highlighted as the main contenders for the recovery.
Learn more:
Disclaimer: This is a paid publication. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in such content. Do your own research and invest at your own risk.