Crypto Price Analysis July 19: NEXO, LDO, WAVES, LEO, MATIC

Key Insights:

• NEXO emerged as one of the best-performing assets today, rising by 28%
• LEO remained unmoved but continued its gradual decline.
• Bitcoin and Ethereum moved up today, trading at $23.1k and $1.5k.

With the king coin and the altcoin marking a substantial rise in the past few days, most of the altcoins are following suit to close in green. Consequentially the crypto market cap is also sustaining above $1.034 trillion at the time of writing.

Nexo (NEXO)

In the span of 24 hours, NEXO shot up by 28.73% to close above $0.75. Trading at $0.778 at the time of writing, the altcoin is yet to recover the 50.8% losses it witnessed during the June crash.

For the first time in more than a month, the Awesome Oscillator turned positive, and the gradual incline might keep in the positive zone for a while longer.

Lido DAO (LDO)

Lido DAO’s native token was one among the best performing altcoins, trading at $1.63. At one point during the day, the crypto shot up by 20.69% in the span of 24 hours.

According to the Bollinger Bands, the volatility at the moment for the asset is very high, which is natural considering its 260.69% rise in 17 days, but with the candlestick above the basis, the price swing will be positive.

Waves (WAVES)

WAVES followed the broader market cues and shot up by almost 21%, trading at $6.03. However, it is yet to recover the 55.51% losses it witnessed in June.

The Chaikin Money Flow does indicate organic growth fuelled by the inflows however, it isn’t enough to help in recovering from the crash.

UNUS SED LEO (LEO)

LEO stands to be one of the only few altcoins which are treading against the market trend, rising during the June crash and falling during the recovery.

Down by 9.87% over the past 12 days, it has already invalidated half of its 18.78% recovery observed last month.

Polygon (MATIC)

Despite declining by 3.4% today, MATIC kept its 24-hour price movement positive at 23.93%, thanks to yesterday’s rise.

Being one of the only significant altcoins to mark a 170% rally in the last one month, MATIC is already overbought and might note a trend reversal over the next couple of days.