Crypto Price Analysis June 28: 1INCH, BTT, APE, SOL, NEAR

Key Insights:

• Taking the market by storm today was once again altcoins.
• The rally was led by 1INCH, while Solana was one of the worst-performing assets.
• Bitcoin and Ethereum continued to oscillate around the $20.2k and $1.1k mark, respectively.

The crypto market closed in red for the second day in a row, albeit without losing too much. The downfall, however, does place investors in concern who were expecting a consistent rise as the market heads into the third quarter of 2022.

1Inch (1INCH)

The cryptocurrency was experiencing a good run at the time of writing, with a 14.3% rise adding to the 40% incline observed in the last ten days.

The Awesome Oscillator evinced rising bullishness for the asset, which could help it invalidate the 45% crash from this month.

Bittorent (BTT)

The altcoin came much closer to recovering from the 34.75% loss of June after marking a 10.84% rally yesterday. However so, it still needs to rise by another 25% in order to trace its step back to its former high.

The reducing volatility visible on the Bollinger Bands will support this rally, especially given the candle is closing above the bias treating it as support.

ApeCoin (APE)

The Bored Ape Yacht Club (BAYC) token while did not close in the green on June 28, the rise over the previous 24 hours still placed it up by 7.31%. This brought the rise of the second half of June to 44.6%.

The rise, while it may be organic, is not seeing enough inflows though, which is why the Chaikin Money Flow remains in the negative zone.

Solana (SOL)

Member of the top 10 cryptocurrencies, SOL is not faring as well as other altcoins as after an almost 50% rise, the coin has been sinking on the charts. In the last 48 hours alone, it has declined by 14%.

This has resulted in the receding bullishness on the MACD, making the asset vulnerable to a bearish crossover.

Near Protocol (NEAR)

Leading a pattern similar to Solana, the native token of the Near Protocol is also falling, having lost over 18% in the last two days.

The Parabolic SAR, although it still displays an uptrend, the coin is set to witness a downtrend pretty soon. Once the white dots of the indicator are above the candlesticks, NEAR could see a downfall.