Crypto Price Analysis July 15: COMP, KSM, QNT, NEXO, LINK

Key Insights:

  • Compound stood as one of the best performers of the day with an 11.4% rise.

  • NEXO was among the few altcoins to counter the broader market’s bullishness.

  • Bitcoin and Ethereum were observed to be trading at $20k and $1.2k, respectively.

Most of the cryptocurrencies had a positive day today as the broader market noted growth. Closing above $910 Billion, the crypto market cap reclaimed the critical level today.

The king coin remained consolidated at $20.7k, whereas the altcoin king rose to $1.2k at the time of writing.

Compound (COMP)

COMP investors had a good day today as the coin continued its rally, rising by 14.2%. This brought the altcoin to trade at $56.41. At the same time, the altcoin also recovered its June losses almost completely.

The Awesome Oscillator highlights rising bullishness on the indicator, which could help COMP completely recover the 51.44% downfall from the last month.

Kusama (KSM)

Kusama’s native token KSM followed the bulls today to rise by 10.33% in the last 24 hours, trading at $54.08 at the time of writing.

However, going forward, the rise might slow down since the converging Bollinger Bands indicate reducing volatility in the market.

Quant (QNT)

QNT noted one of the highest 24-hour rally in the crypto market today, shooting up by almost 26%. In the process, it also reclaimed $100 as support to trade at $106.94.

The rise was supported by the investors, too, as the uptick in the Chaikin Money Flow exhibited organic inflows.

Nexo (NEXO)

On the other end of the spectrum in the market today stood NEXO which remained mostly unchanged, trading at $0.6.

Despite the MACD highlighting an active bullish crossover in the case of the altcoin, NEXO isn’t making much growth due to the rising bearishness, which could make it difficult to recover the 50.8% crash it witnessed in June.

Chainlink (LINK)

LINK accompanied NEXO in going nowhere today as the altcoin moved by just 1.23%, still trading at $6.19, the same level it was at a month ago.

The Relative Strength Index (RSI) isn’t indicating any immediate bullishness either, lingering in the bearish zone under the 50.0 neutral mark.

This article was originally posted on FX Empire