Crypto Price Analysis July 27: LDO, QTUM, ZEC, MKR, AAVE

Key Insights:

• Lido DAO appeared to be one of the best performers in the last 24 hours, rising by almost 27%.
• Qtum followed Lido DAO with a 15% increase in price.
• Bitcoin and Ethereum also recovered to trade at $2k and $1.5k.

The crypto market has been wildly fluctuating for the last few weeks, and the altcoins have been the recipient of the same every day.

Even as the market improved between yesterday and today, most altcoins kept a low profile even though the king coin and the altcoin king rose to trade at $22,743 and $1,593.

Lido DAO (LDO)

The altcoin led the crypto market rally today with a 27.66% rise in the span of fewer than 24 hours. This furthered LDO’s rise from the July lows to bring the recovery to 308.59%

The Bollinger Bands’ divergence is a clear indication of high volatility, which is evident in the price action as well.

Qtum (QTUM)

QTUM followed in the footsteps of Lido DAO and shot up by more than 15.5% in the last 24 hours. The overall incline over the past two weeks, which rose to 46.45% today, will soon invalidate the losses bore during the crash of June.

The Awesome Oscillator is indicating the same with the rising green bars on the indicator.

Zcash (ZEC)

Albeit its rally wasn’t as massive as other altcoins’, ZEC managed to rise by 8.25% in 24 hours to trade at $58.68.

However, the lack of inflows visible on the Chaikin Money Flow might be a concern as it could hinder the recovery of June’s 44.07% crash.

Maker (MKR)

Up by 4.71% since yesterday, Maker is inching closer to reclaiming $1000, which it lost just a few days ago. This will also bring it closer to recovering the almost 40% losses of June.

Although the impending bearish crossover on the MACD might create an issue for the altcoin in its path of recovery

Aave (AAVE)

After declining by almost 12% this week, AAVE made a 3.8% rise in the last 24 hours, which did nothing but prevented further price fall.

The Relative Strength Index (RSI) is right at the neutral line, but a fall below the same could further invalidate the 94.35% recovery observed over the last month.