Bitcoin and some other major altcoins continue to battle a series of pullbacks that waylaid the king of cryptocurrencies from exceeding the $10,000 psychological resistance level. However, the crypto market is partially red and half green as some other coins are managing to stay out of the bearish zone.
While the first three coins on the table are still struggling under the influence of the market bear, VeChain, Zilliqa, and OMG Network remain highly resistant to the forces of the bear with a huge rise in the last 24 hours.
After dropping from $260 billion in the last 20 hours, the market cap of the entire crypto market is around $259 billion at press time. Earlier on June 4, the market cap was around $264 billion but for the drastic drop caused by the bearish effect that caught Bitcoin.
However, the slope in the ecosystem market cap would have been bigger, safe for some altcoins that have been quite impressive in the last few days.
VeChain Intraday Price Analysis
VeChain, the 23rd largest cryptocurrency by market cap, has registered the best price-performance among the top 30 coins in the last 7 days, making it stay aloof the bearish zone.
The 7-days chart of the cryptocurrency reveals gradual and steady growth in the price of the VET token since the past few days, and the usual Bitcoin overwhelming trend has not really affected VeChain now that Bitcoin continues to trend on the downside.
At press time, VeChain trades at $0.011698, having presented over 13% rise against the US Dollar in the last 24 hours.
More than any other cryptocurrency in the top 30 table, VeChain has witnessed significant growth since June 28, reporting over 28% added value since then.
The 50-day moving average continues to remain below the 100-day moving average, indicating no true signal that a bullish rally may soon happen for VeChain.
OmiseGo Intraday Price Analysis
After struggling under the forces of the bear to remain stable in the market, OmiseGo witnessed a sudden surge yesterday, July 4, pushing the value of OMG/USD trade pair from $1.42 to around $1.54.
Although the last few days have not been quite positive for OmiseGo, the cryptocurrency continues to stay aloof the $1.30 support zone, staying between the price band of $1.42 and 1.48. Yesterday saw OmiseGo rallied up with a strong push on the upside trend.
At press time, a unit of OMG/USD is priced $1.52 with over 7% added value for the last 24 hours.
While the Bolling Bands keeps on enlarging and dwindling to indicate volatility, the Relative Strength Index continues to switch between the overbought and oversold zones.
Zilliqa Intraday Price Analysis
Zilliqa remains among the most profitable cryptocurrencies in the market today. Having presented a close to 10% value rise against the US Dollar in the last 24 hours, Zilliqa is priced $0.018914.
Thanks to its market cap which ranges around $193 million, Zilliqa is ranked the 43rd largest cryptocurrency.
After a strong fisticuff with the forces of the bear, Zilliqa saw a strong breakout from the bearish zone exceeding the $0.0185 resistance barrier to attaining a new high for the last 8 days.
The MACD line is beyond the Signal line, indicating that a price reversal trend may be imminent. Also, the Relative Strength Index is at present in the oversold zone, hence, if a reversal trend is witnessed, Zilliqa may plummet largely.