Crypto Price Analysis ADA, ETH, LINK, BNB, MANA

The crypto market's total cap did not lose much value today, dropping by just $16 billion as most cryptocurrencies had green candles.

Cardano

Cardano is on a run owing to the bullishness around the release of the Vasil hard fork at the end of June. It was one of the first to plummet and one of the first to gain.

The cryptocurrency was trading at $0.6512 and had increased by 43% in the previous two weeks.

The Bollinger Bands indicate that ADA still has some room to go as the bands continue to diverge, signaling increased volatility. Furthermore, ADA is expected to climb much higher, with the foundation (middle white line) functioning as a support.

Ethereum

Despite the fact that the king of the altcoins did not precisely lead the altcoins today, it continued to fall on the charts, trading at $1,791 at the time of writing.

Investors should be concerned about ETH's steady drop, as the asset does not have much favor in the institutional sector, with $36 million in outflows this week.

This is supported by the Chaikin Money Flow indicator, which indicates that despite efforts at inflows, the cryptocurrency continues to see outflows in the previous 24 hours.

Chainlink

Chainlink, which is leading the crypto market boom today, has gained 8.51 percent in the previous 24 hours alone. This increase contributed to the over 40% increase seen since May 31, bringing the currency to $8.54.

As the Relative Strength Index (RSI) reached the positive neutral zone today, the cryptocurrency was able to rebound from the negative zone it had been locked in since the first week of April.

Binance Coin 

Binance Coin, the world's largest cryptocurrency exchange, has shown an unusual trend.

While other cryptocurrencies have either increased or decreased in value, BNB has climbed and fallen by the same amount in roughly the same length of time.

BNB is now trading at $288.21, down 11.43 percent following a 22.43 percent surge, and with the bearish crossing on the MACD, BNB might see additional price declines.

Decentraland

The Metaverse's monarch, Decentraland's token MANA, hasn't been doing well in recent weeks. The cryptocurrency, which is now trading at $0.98, has been trapped in a sideways trend with no prospects of breaking out anytime soon.

MANA's prices have fallen about 10% in the previous eight days, indicating that the parabolic SAR is still in a strong slump.