Bitcoin’s price moved up on the price scale; although this was not a full-fledged recovery, it may have helped some altcoins like Uniswap, Bitcoin SV, and Tezos.
The 50 Moving Average remained way above the candlesticks, indicating the downtrend UNI had been on since the May fall.
Interestingly, visible range indicator was noting that the Point of Control for BSV was at $164, and with price remaining at $170, a level of support will be provided at $164.
Changing trends caused the money that was entering the market to now leave as Chaikin Money Flow was now dropping to zero-level.
Namrata is a full-time journalist at AMBCrypto covering the US and Indian market.
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice.