Crypto Price Analysis July 6: CRV, SAND, LRC, BSV, FLOW

Key Insights:

• Curve DAO Token is leading the rally with a 10.23% rise today.
• Loopring is taking charge of the bears, albeit with a 5% decline.
• Bitcoin and Ethereum continue to trade at $20k and $1.1k, respectively.

The crypto market has seemingly entered consolidation, barely moving over the past 48 hours.

With the entire crypto market’s value still struggling at $885 billion, it does not seem like Bitcoin and Ethereum will be able to kickstart a rally at the moment.

Curve DAO Token (CRV)

CRV has been performing exceptionally well this week, noting a 39.19% growth in the past couple of days. This rally will be crucial in not only recovering the 54.77% losses of June but also in pushing the altcoin above $1 again.

Additionally, the 9.54% rise in the last 24 hours will turn the Awesome Oscillator into absolutely bullish, further supporting recovery.

The Sandbox (SAND)

The Metaverse token made a quick recovery from the June crash when it shot up by 60.35%, and it rallied once again over the last three days marking a 20% rise. This brought SAND’s trading price above $1.25.

Going forward, the possibility of a price rise remains open since the separated Bolling Bands indicate an uptrend as the candlesticks remain above the bias.

Loopring (LRC)

LRC has been oscillating around the $0.4 mark for almost a month now despite declining by 13.89% recently as the altcoin recovered by 8.21%.

The Chaikin Money Flow, on the other hand, clearly exhibits that investors have been optimistic with LRC as inflows have been gradually increasing over time.

Bitcoin SV (BSV)

The Bitcoin namesake and hard fork has been trending opposite to the broader market trend noting a 16.22% decline after a 38.02% rise.

Trading at $53.92, the asset flipped the support of the 50-day Moving Average into resistance which may not necessarily be a good sign for BSV since it closed in red today.

Flow (FLOW)

The Dapper Labs creation has been on a downtrend for the past ten days, only further declining after the 53.23% crash of June.

To make things worse, FLOW has been stuck in the bearish zone for about three months now, with no clear indication of recovery as visible from the Relative Strength Index (RSI).