Bitcoin SV

Pepe

Injective

Mantle

Gala

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 Jul 30, 2023 at 09:00 // Price 
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 <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> Author Coin Idol 
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 <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/351/900_900_1/2l2y8yparvftocsv3r8737t1h1awupyc.jpg" width="900" height="563" alt="Cryptocurrencies will continue to fall" title=""> 
 Cryptocurrencies are falling now that they have reached the superior resistance levels. 
 Cryptocurrencies have broken below the moving average lines, which means cryptocurrencies will continue to fall.&nbsp; 
 <h2 style="text-align: justify;" id="injective"> Injective </h2> 
 
 Since April 16, the price of Injective (INJ) has been moving sideways. The crypto asset was on the rise in March and April. The altcoin rose to a high of $9.69 before plummeting. The positive momentum could not be sustained as the altcoin approached the overbought zone. The bulls retested the $9.00 resistance but could not overcome it. At the time of writing, INJ was trading at $8.00. The cryptocurrency value has fallen below the 21-day line SMA, but remains above the 50-day line SMA. For a few days, the altcoin will probably have to stay in a range. However, selling pressure could return if the price falls below the 50-day simple moving average. The market will continue to fall to a low of $6.00. The cryptocurrency asset is at level 45 of the Relative Strength Index for the period of 14. It is in a negative trend and may fall further. INJ is the worst cryptocurrency with the following characteristics: 
 <img width="1024" alt="INJUSD_(Daily Chart) – July 28.23.jpg" src="https://cdn.thebittimes.com/images/2023/07/30/1e7ad5729fda586f409f82409fdd330a.webp" height="570" title="INJUSD_(Daily Chart) – July 28.23.jpg"> 
 
 Current crypto<a rel="noopener noreferrer nofollow" title="currency" href="https://thebittimes.com/tag/currency.html">currency</a> price: $8.00 
 
 Market capitalization: $799,685,327 
 
 Trading volume: $25,339,703&nbsp; 
 
 7–day loss: 14.74% 
 <h2 style="text-align: justify;" id="gala"> Gala </h2> 
 
 Gala (GALA) is falling below its moving average lines. The crypto asset has been declining since January 30. GALA is currently trading at $0.02, below the high of $0.060. GALA made an upward correction during the May decline, and a declining candlestick tested the 78.6% Fibonacci retracement level. The correction predicts that GALA will decline but then reverse at the 1.272 Fibonacci extension or $0.02. As the altcoin consolidates above the $0.02 support, the price action is respected. The cryptocurrency value has reached the oversold area of the daily stochastic. It is below the 20 level of the daily stochastic. The market has reached bearish exhaustion and GALA can continue to trade above the current support level. GALA is the second lowest performing cryptocurrency and has the following characteristics: 
 <img width="1024" alt="GALAUSD_(Daily Chart) – July 28.23.jpg" src="https://cdn.thebittimes.com/images/2023/07/30/d731caf4544f5ebfeeb6b23a5b0b0077.webp" height="527" title="GALAUSD_(Daily Chart) – July 28.23.jpg"> 
 
 Current price: $0.0235 
 
 Market capitalization: $1,171,760,299 
 
 Trading volume: $49,746,266&nbsp; 
 
 7–day loss: 13.03% 
 <h2 style="text-align: justify;" id="mantle-br">Mantle </h2> 
 
 Mantle (MNT) price has been declining since July 23. The digital currency fell from a high of $0.60 to a low of $0.51. The recent decline has approached the oversold zone of the market. Further declines are unlikely as the cryptocurrency is oversold. The price indicator has confirmed that MNT would fall but will then reverse at the 1.272 Fibonacci extension level or $0.51. MNT is currently trading below the daily stochastic level of 20. It has the third worst performance of all cryptocurrencies. It has the following characteristics: 
 <img width="1024" alt="MNTUSD_(Daily Chart) – July 28.23.jpg" src="https://cdn.thebittimes.com/images/2023/07/30/8693be2689e9a224d396498e7be9998d.webp" height="527" title="MNTUSD_(Daily Chart) – July 28.23.jpg"> 
 
 Current price: $0.5175 
 
 Market capitalization: $3,218,669,252 
 
 Trading volume: $12,702,640 
 
 7–day loss: 12.95% 
 <h2 style="text-align: justify;" id="pepe"> Pepe </h2> 
 
 The price of Pepe (PEPE) consolidated after dipping below the moving average lines. The crypto<a rel="noopener noreferrer nofollow" title="currency" href="https://thebittimes.com/tag/currency.html">currency</a> asset fell to a low of $0.0000013075 before resuming consolidation. The price action is characterised by small uncertain candles known as Doji. Due to the presence of Doji candlesticks, the price action was stopped. Moreover, PEPE is trading in the oversold zone of the market. It is below the daily stochastic value of 20. It is unlikely that the crypto<a rel="noopener noreferrer nofollow" title="currency" href="https://thebittimes.com/tag/currency.html">currency</a> will fall further. It is the fifth worst performing coin in terms of performance. The characteristics are as follows: 
 <img width="1024" alt="PEPEUSD(Daily Chart) – July 28.23.jpg" src="https://cdn.thebittimes.com/images/2023/07/30/f8bdc40bf8c41d71c227ea4cd7cf6e5f.webp" height="527" title="PEPEUSD(Daily Chart) – July 28.23.jpg"> 
 
 Current price: $0.000001343 
 
 Market capitalization: $560.38M 
 
 Trading volume: $84.7M&nbsp; 
 
 7–day loss: 12.92% 
 <h2 style="text-align: justify;" id="bitcoin-sv"> Bitcoin SV </h2> 
 
 Bitcoin SV (BSV) price falls below the moving average lines. BSV rose in the uptrend from July 1 to a high of $56 before suddenly dropping. The crypto<a rel="noopener noreferrer nofollow" title="currency" href="https://thebittimes.com/tag/currency.html">currency</a> value fell below the moving average lines, indicating that it will continue to fall. The altcoin is currently trading at $34.70. BSV reversed the downtrend on July 14 and tested the 78.6% Fibonacci retracement line with a retraced candlestick. After the correction, BSV will fall but reverse at the level of the 1.272 Fibonacci extension or at $29.96. As the Fibonacci extension is approached, BSV will fall. The relative strength index for period 14 shows BSV at level 41. The altcoin can fall even lower. The fourth worst crypto<a rel="noopener noreferrer nofollow" title="currency" href="https://thebittimes.com/tag/currency.html">currency</a> is Bitcoin SV. It has the following characteristics: 
 <img width="1024" alt="BSVUSD_(Daily Chart) – July 28.23.jpg" src="https://cdn.thebittimes.com/images/2023/07/30/e149b4269dba184514d96e4240c295ce.webp" height="570" title="BSVUSD_(Daily Chart) – July 28.23.jpg"> 
 
 Current price: $34.79 
 
 Market capitalization: $729,462,509 
 
 Trading volume: $26,542,637&nbsp; 
 
 7–day loss: 10.38% 
 Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell crypto<a rel="noopener noreferrer nofollow" title="currency" href="https://thebittimes.com/tag/currency.html">currency</a> and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds. 
 
 
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Weekly Cryptocurrency Market Analysis: Altcoins Slide Into Bearish Trend Zone

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TheBitTimes

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