Crypto Price Analysis July 28: UNI, SNX, BCH, BTG, NEO

Key Insights:-

• Uniswap emerged as the best performer of the day, marking an almost 40% rise.
• Synthetix wasn’t far behind either, rallying by 39.35% in the last 24 hours.
• Bitcoin and Ethereum joined the altcoins rising to $23k and $1.7k.

With pretty much every cryptocurrency in the top 100 list noting a rally today, the crypto market capitalization rose back to $1.04 trillion.

In doing so, altcoins like Uniswap, Lido DAO, and more gained incline significantly, including the king coin and the altcoin king, which were found to be trading at $23,814 and $1,723 respectively.

Uniswap (UNI)

The native token of the decentralized exchange Uniswap, UNI, performed exceptionally, rising by 39.23% in 24 hours to trade at $9.252.

In doing so, it not only maintained the 50-day Simple Moving Average (SMA) (red) and the 100-day SMA (green) line as support but also flipped the 200-day SMA (blue) line to the same position. This will give the boost UNI needs to recover the 60.82% crash it noted between April and May.

Synthetix (SNX)

SNX was right behind Uniswap as it shot up by 39.35% to rise above the $4 mark after almost two and a half months and trade at $4.13.

Although the high volatility visible by the diverging Bollinger Bands might be a matter of concern if the altcoin attempts to recover the 76.46% losses it noted between April and June.

Bitcoin Cash (BCH)

The hardfork of the king coin, Bitcoin Cash, was also among the best performers noting a 29.34% rally to trade at $154.

The uptick observed on the Relative Strength Index (RSI) is a good sign for BCH as it could help in reclaiming the 71.56% losses of April to June, as long as the indicator stays below the overbought zone.

Bitcoin Gold (BTG)

Another Bitcoin hardfork made it among the top coins of the day as BTG rallied by more than 30% to trade at $27.13, even hitting $30 during the day.

This rise saved the altcoin from a bearish crossover that was about to take place 48 hours ago, as visible on the MACD.

Neo (NEO)

Although NEO did not rally as much as others in this list, it still marked a substantial rally of 19.54% to trade at $11.08. The uptick visible on the Chaikin Money Flow exhibits that money is flowing into the asset.

This will help in not only maintaining the rally but also supporting NEO in its efforts to recover from the massive crash of April and May, where the coin fell by almost 65.6%.