EOS, Ethereum Classic, MATIC Price Analysis: 03 July

    EOS did not recover significantly over the last ten days, noting a decline of 18.77% in its trading volume over the last 24 hours instead. Market bears were still active as the alt struggled to move past its $4.18 resistance level.

    Ethereum Classic gained by 43.20% over the last week and at press time, the altcoin was consolidating between its support and resistance levels. Finally, MATIC registered an uptick after going on a downward trend after 30 June. 


    EOS/USD, TradingView

    EOS was trading at $4.01, at the time of writing, while not much changed for this alt over the last week. The coin was moving between the $3.3 support and $4.18 resistance. It tried to break past its immediate resistance of $4.18, but could not succeed. However, considering the 5.1% hike in its price over the last 24 hours, EOS could soon leave the $3.30 support level well behind. 

    The Awesome Oscillator underlined a short-term bullish force. However, if the alt fails to move past the $4.18 resistance level, bullish momentum could die out. On 1 July, the MACD indicator registered a bearish crossover. 

    With respect to price fluctuations, the Bollinger Bands remained narrow and projected that EOS may see restricted price movement going forward. 

    Ethereum Classic [ETC]

    EOS, Ethereum Classic and MATIC Price Analysis: July 3

    ETC/USD, TradingView

    Ethereum Classic registered gains worth 9.9% over the last 24 hours and a substantial 43.2% hike over the last 7 days. Price movement has been choppy lately, however. At press time, the altcoin was valued at $57.48 and was trading in the green.

    After the coin recovered its levels, its momentum started to fade somewhat. If ETC moves past consolidation between its immediate support and resistance levels, the next resistance level would be at $61.21. 

    The Bollinger Bands remained parallel and pointed to further sideways price movement as the bands did not demonstrate any convergence or divergence. The Relative Strength Index projected an increase in buying pressure as the indicator moved north from the neutral zone. 

    Since the beginning of July, ETC has seen an increase in capital outflows. At press time, however, it noted a slight uptick in capital inflows, as pictured by the Chaikin Money Flow.

    Polygon [MATIC]

    EOS, Ethereum Classic and MATIC Price Analysis: July 3

    MATIC/USD, TradingView

    MATIC witnessed a week of directionless movement as the alt’s price could not break past its immediate resistance level. At the time of writing, the alt was priced at $1.14. If the price fails to sustain its movement, despite daily gains, MATIC could fall below $1.00.

    The Bollinger Bands for MATIC diverged, indicating that market volatility could increase. The Parabolic SAR’s dotted line hovered below the candlesticks as the coin registered a hike in its price over the last 24 hours. 

    The Relative Strength Index moved above the neutral line as selling pressure shrunk and buying pressure mounted. Its upward movement suggested that buyers were exceeding sellers in the market. 

    Subscribe to our Newsletter

    Related articles



    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Ethereum-Based Altcoin Soars 28% In Just One Week As Crypto Whales Dive In: Santiment

    One decentralized finance (DeFi) altcoin is dramatically outperforming the vast majority of the crypto markets amid a major market correction. Maker (MKR), the 52nd-ranked crypto...

    How a Trash-Talking Crypto Bro Caused a $40 Billion Crash

    Do Kwon, a trash-talking entrepreneur from South Korea, called the cryptocurrency he created in 2018 “my greatest invention.” In countless tweets and interviews, he...

    KuCoin Launches Windvane NFT Marketplace, Holds a Series of Welfare Activities for Users

    The top 5 crypto trading platform KuCoin , which has already launched its own  Spotlight token sale module for early-stage projects, spot and...

    Robinhood to Launch Web3 Wallet to Rival MetaMask and Coinbase

    Key Insights: The trading firm wants to let its customers get exposure to decentralized finance. The wallet will be launched in Beta this summer and in...


    Subscribe to stay updated.