Crypto Markets See Mixed Performance on July 28

Crypto markets showed mixed performance on July 28, with some assets experiencing significant price swings. The top gainers included COTI and Orochi Network, both of which surged by over 70% in a single day.

According to CoinGecko data, COTI's rally can be attributed to its new Privacy Portal, which has seen real usage since its launch in late June. The token also bounced from deeply oversold levels, with an RSI reading of near 22, often setting up a technical bounce.

Orochi Network, on the other hand, saw a price surge due to its technical breakout from a months-long rounded-bottom price pattern. However, analysts have cautioned that the token's ownership structure is concentrated among top wallets, making it susceptible to large price swings.