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DOGE, MKR, OP and XDC gather strength as Bitcoin price remains range-bound

Published 07/30/2023, 02:00 PM
Updated 07/30/2023, 04:00 PM
© Reuters
BTC/USD
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Bitcoin (BTC) has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the exit as they anticipate another leg higher.

Bitcoin’s consolidation has pulled its market dominance to 48% from over 50% on June 30. This shows that market participants have been gradually shifting their focus to select altcoins, which are starting to move up.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
DOGE/USDT daily chart. Source: TradingView
DOGE/USDT 4-hour chart. Source: TradingView
MKR/USDT daily chart. Source: TradingView
MKR/USDT 4-hour chart. Source: TradingView
OP/USDT daily chart. Source: TradingView
OP/USDT 4-hour chart. Source: TradingView
XDC/USDT daily chart. Source: TradingView
XDC/USDT 4-hour chart. Source: TradingView

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