July

The cryptocurrencies listed below have dropped significantly into the lower areas of the charts. Currently, altcoins are trading in the oversold areas of the market. It is likely that buyers will emerge in the oversold areas as the current selling pressure subsides.

The price of Ethereum (ETH) has declined and fallen below the 21-day line SMA. Ether has fallen to the low of $1,712. The current support is the historical price level of July 28.

The month of July was not favorable for most of the popular cryptocurrencies in the market. During the month, the total market capitalization and trading volume of cryptocurrencies reached a low of $1.187 billion and $63.409 billion, respectively.

Yesterday the price of Cardano (ADA) fell to a low of $1.02 and then rebounded. This was the previous low from June 22. The bears retested the previous low but were unable to break below it. Today, buyers push ADA to the previous high of $1.50 resistance.

The third quarter (Q3) of 2020 seems to turn profitable for all investors who put their money in digital currencies this period. Market prices of major coins including Bitcoin (BTC) are a whole lot more in clouds than they were in Q1 and Q2.

July started sluggishly but then it saw several of the popular cryptocurrencies increase in value. But surprisingly enough, no major cryptocurrency ranked among top 10 coins, including Bitcoin, Ethereum and Ripple, has surfaced on the list.

The outbreak of Covid-19 has pushed several governments and electoral commissions globally to the wall by making them look for other alternative means of organising and conducting free and fair elections. One of the available options is using a Blockchain-based e-voting method.

Enjin Coin, Holo Coin, Ontology and VeChain are in a sideways trend as the coins fail to break their respective overhead resistances. OmiseGo is in the overbought region as the market crashes to its low.

For the past four days, Ethereum has been hovering between $220 and $230.Expectantly, the much-awaited breakout occurred as the price pulled through the $230 resistance and reached a high of $270. Ether is out of the downtrend zone as it breaks above $235 price level.