The crypto market has changed its trajectory after a short period of significant bullish momentum. This decline has cut across almost the entire market, with EGLD and FET going into freefall with the FET price hit especially hard. Although EGLD and FET are showing recovery signs, they have a long road ahead.

This bearish trend has not affected all cryptocurrencies. Rollblock, the fastest growing crypto in the market, has hit a new all-time high and is still showing bullish momentum. 

Let’s look at the market’s situation and how you can benefit from Rollblock’s growth.

EGLD Fails to Impress Investors

EGLD enjoyed a bullish phase in early July, following the broader market and soaring from below $28 to almost $38. However, the digital asset fell when the market began struggling, and is trading at $33.32. Although EGLD is attempting a recovery with its 2.01% climb over the past 24 hours, EGLD is down 6.71% in the past week.

EGLD’s moving averages are in the strong sell range, suggesting little or no bullish momentum. Although it is showing bearish signals, its oscillators are in the buy range, suggesting its recovery attempt might succeed.

FET Trying to Break Out of Freefall

FET has fared worse than EGLD, down 8.54% over the past week, and an astonishing 24.19% over the past month. This poor performance has investors worried about FET’s future. However, the FET price trajectory might be changing. FET has surged 5.17% over the past 24 hours, and although this is a minor surge when compared to its losses, it has renewed the hope of investors.

Despite this, FET’s oscillators still show bearish signals. Although its moving averages are in the red, its oscillators are neutral, and a shift toward the green might help this digital asset continue its recovery.

Rollblock on its Way to a Sixth All-time High

Rollblock‘s status as a new cryptocurrency has made it the fastest growing crypto of 2024. This digital asset has surpassed investor expectations, defying the broader market and reaching a new all-time high for the fifth time.

The reason Rollblock is getting so much love from investors and analysts is that it is bringing blockchain technology to a large number of new users. Rollblock has designed an innovative GambleFi platform that will introduce the online gambling world to proper blockchain…

The post Rollblock Price Makes 5th New High With 6th Expected Soon; EGLD and FET In Freefall appeared first on Crypto News Land.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed