Crypto Price Analysis August 11: LDO, CEL, FLOW, BTG, NEXO

Key Insights:

• Celsius led the market with a 27.41% increase in price.
• Lido DAO followed suit, shooting up by 22.71% in 24 hours.
• Bitcoin and Ethereum noted a similar increase today, trading at $24k and $1.8k.

The crypto market kept in the green today thanks to the altcoins for balancing out the woes of correction after yesterday’s rise.

As Ethereum completed the Goerli Testnet merge, the final merge before the arrival of Proof of Stake, the king coin and the altcoin king rallied too, rising to $24,111 and $1,878.

Lido DAO (LDO)

Lido DAO could be seen trading closer to $3 today after rising by 22.71% in the last 24 hours, inching closer to invalidating the 60.81% losses from May.

The divergence of the Bollinger Bands indicates the high volatility present in the market, and with the candlesticks residing above the basis of the indicator, LDO is going to continue moving upwards.

Celsius (CEL)

Celsius emerged as one of the best performers of the day thanks to its 27.41% rise today, trading at $2.36.

As the green bars continue rising on the Awesome Oscillator, CEL will be noting support for invalidating the 34.76% crash from March and April.

Flow (FLOW)

FLOW has been performing exceptionally for the last 15 days shooting up by more than 91%, bringing the coin above $3.

The altcoin is now looking to recover the 47.19% losses from May, and the reappearance of a bullish crossover on the MACD will provide support to the coin.

Bitcoin Gold (BTG)

The Bitcoin hardfork noted a 13% rise in the previous 24 hours despite a visible downtrend on the asset.

Parabolic SAR’s white dots present above the candlesticks down do not seem to be stopping BTG from recovering the 30.72% losses in March and April.

Nexo (NEXO)

NEXO did not hold back either and rallied by 15.75% since yesterday to reach closer to $1. Flipping it into support will help the coin recover the rest of the 50.67% losses from June.

The Chaikin Money Flow’s uptick indicates that the uptrend has restored faith in investors as inflows can be observed on the asset.