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Crypto prices have grown over the weekend, with Bitcoin, Ethereum, BNB, Cardano and EverGrow Coin all up over the past week.
Many key trading indicators for these crypto tokens suggested now is the time to buy. Though the Bitcoin bottom is still unpredictable, the low crypto prices in June 2022 will not be around forever.
The Bitcoin price is at $21,500 today.
Bitcoin has gained 7% in price over the past week but prices are still half of where they were at the beginning of 2022. Bitcoin put in a record nine weeks of straight red candles from late March to late May. The week ending June 20 saw Bitcoin in the green again.
The Bitcoin 200-week SMA is a key price indicator that suggests when the Bitcoin bottom is in. Bitcoin fell below the 200-week SMA ($22,490) on June 13 and is still below it today.
The RSI over a 14-week timeframe is also a key price indicator suggesting an asset is oversold. The Bitcoin RSI is today at 28 – the lowest since the Bitcoin bear market in late 2018.
Ethereum is trading at a price of $1,230 today.
Ethereum is way below the 20-week SMA up at $2,362. However, Ethereum has broken back above its 200-week SMA which is at $1,205. This suggests that many bought the dip when Ethereum fell to $890 on June 13.
The last time Ethereum rose above its 200-week SMA was in July 2020.
BNB suffered heavily during the crypto crash in June – but not as much as Bitcoin or Ethereum.
BNB is below its 20-week SMA of $344 but it never touched the 200-week SMA down at $159. Furthermore, the BNB RSI bounced off 30 on June 13th without falling below it. Not even in the bear market of late 2018 did BNB fall below an RSI of 30.
While the indicator may suggest the BNB bottom is a long way off – it also shows strong resiliency and less volatility in the asset.
EverGrow Coin only launched in September 2021, meaning there is not enough time for key indicators like the 200-week SMA.
But with huge investor attention in recent weeks as it became the leading reflection token in crypto, here are some key indicators for EverGrow Coin.
The EverGrow Coin price of $0.0000001403 is well under the 200-day SMA of $0.0000004885. The 20-week SMA is also up at $0.0000003771.
The current EverGrow Coin crypto price is a bargain for the altcoin. With an NFT marketplace and content subscription app expected to drop over summer 2022, EverGrow Coin is one of the top crypto newcomers expected to break into the top 100 before the end of the year.
Cardano has the least distance to go before reaching its 20-week SMA. The current ADA price is at $0.504 while the 20-week SMA is at $0.758.
Cardano crashed below its 200-week SMA – currently at $0.552. Cardano broke past this figure three times already before being rejected over the past few weeks.
The Cardano RSI is currently at 33.89. It never fell below 30, though is still in the low range suggesting now is a good time to buy Cardano.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
