Bitcoin price closed yesterday up 11.98%, the largest daily return since February 8 when it broke out from a multi-week cup base. Ethereum price continues to hover below the 50-day simple moving average (SMA) with no convincing price action to forecast a better outlook for the smart contracts giant. XRP price cultivates no price traction after triggering a bullish hammer candlestick pattern.
Safemoon price in the early days was buoyed by the phenomenon of FOMO, fear of mission out, but in and May and June, the digital asset enthusiasm has tapered. The descending channel has offered swing trade opportunities. Still, larger SAFEMOON gains cannot be entertained until a conclusive rise above the channel’s upper trend line and May’s declining trend line.
XRP price saw a healthy run-up after bleeding excessively over the past three weeks. Investors seem to be booking profits, which has stifled the recent run-up. If this continues, Ripple could bounce off two crucial support levels and restart its uptrend.