Bitcoin has made a strong comeback in the month of July and is on track for its best monthly gains since October 2021. The sharp recovery in Bitcoin and several altcoins has pushed the Crypto Fear and Greed Index to 42/100 on July 30th
BTC
Attempts by the bulls to sustain the price above $24,276 have failed, indicating that the bears are defending the level with strength. However, a minor positive is that the bulls have not surrendered ground to the bears. This shows that the bulls are not booking profits in a hurry as they expect a break above the overhead resistance. If the price breaks and closes above $24,276, BTC could pick up force and rally toward $28,171.
BNB
Binance Coin broke above the downtrend line on July 28, indicating a potential trend change. The up-move is facing resistance near the psychological level of $300, but a positive sign is that the buyers have not given up much ground. This suggests that the bulls are not hurrying to book profits. The upsloping 20-day EMA of $263 and the RSI in the positive territory indicate that the path of least resistance is to the upside. If buyers drive the price above $300, BNB could resume its uptrend toward the overhead resistance at $350.
UNI
Uniswap rebounded off the breakout level of $6.08 on July 26, indicating strong buying on dips. The up-move reached near the psychological resistance at $10 on July 28 where the bears are mounting a strong defence. The upsloping moving averages and the RSI in the positive territory indicate an advantage to buyers. If the price rebounds off $8.11, it will suggest that buyers are trying to flip this level into support.
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