Crypto Price Analysis July 25: TWT, CVX, FTM, NEAR, RUNE

Key Insights:

• Trust Wallet Token entered the top 100 cryptos list with a 5% rally.
• Near Protocol’s token was among the most to lose, down by over 11%.
• Bitcoin and Ethereum also noted a decline, trading at $21.6k and $1.4k, respectively.

Thanks to the week-long bearish cues, the value of all cryptocurrencies slipped to $990 billion in the last 24 hours.

As the king coin and the altcoin king also joined the altcoins to drop and trade at $21.6k and $1.4k, no other crypto except for TWT and Uniswap could manage to break this downtrend.

Trust Wallet Token (TWT)

Being the only other cryptocurrency to close in the green, TWT managed to beat the bearish cues with a 5.17% rally. Its recent 63% rise surely did bring it closer to recovering the downtrend from its local top.

However, the visible downtick in Chaikin Money Flow which shows outflows from investors, would make it difficult for TWT to recover the remaining 32.49%.

Convex Finance (CVX)

Convex Finance’s 13% decline in the last three days invalidated some of the rise VCVX made this month, bringing it closer to the recent lows.

At the time of writing, the Awesome Oscillator seemed to observe growing bearishness which will keep the altcoin from recovering the losses of its 86.6% dip noted from May to June.

Fantom (FTM)

Falling by 12.42%, FTM lost a chunk of its rise today. However, being almost 40% above the June lows has made it easier for Fantom to recover the 44.8% of the crash.

The Bollinger Bands indicate that the high volatility might play in favor of the same, provided FTM is able to keep its candlesticks above the basis.

Near Protocol (NEAR)

Following the broader market cues, Near Protocol’s token fell by 11.4% in the span of a day, reducing its recovery to just 20.33%. The altcoin still has a long way to go to recover its 48.34% crash of June.

This appears to be slightly tricky since the MACD is inching closer to a bearish crossover, thanks to the rising intensity of the red candles.

ThorChain (RUNE)

RUNE also fell by almost 12% during the intra-day trading adding to the 19.64% fall over the last four days. Although the Relative Strength Index (RSI) does seem to be in a gradual incline, it is about to slip into the bearish zone.

Should that happen, RUNE would not only lose this recovery but also lose the opportunity to recover its May to June losses amounting to 77.84%.