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Tag: Technical Analysis

  • Terra (LUNA) coin to resume upward trajectory?

    Terra (LUNA) coin to resume upward trajectory?

    Terra (LUNA) is the best performing cryptocurrency of the top hundred in the daily timeframe. The cryptocurrency has gone up by 11% in the past twenty-four hours while the weekly performance shows an increase of more than 40%. Terra coin has been on an upward trajectory since the end of June. At the time of writing, LUNA coin stands at a price level of $8.24. The price has been increasing in the daily timeframe; however, the trading volume has dropped by 30%.

    Terra (LUNA) technical analysis

    The market sentiment for Terra crypto has turned neutral. Out of the total twenty-six technical indicators, eleven are giving out a signal of buy with eight indications standing on a neutral position and only five at a sell position. The oscillators are bearish while the moving averages are bullish.

    Terra (LUNA) technical analysis
    Terra (LUNA) technical analysis

    Terra coin had been operating on an ascending trend line. However, the cryptocurrency has entered a horizontal channel with oscillating price movements. The recent bullish momentum in the market is pushing the cryptocurrency to break out of the horizontal channel and get back on the ascending trend line. LUNA crypto has broken out of the upper boundary of the channel. The major resistance has been broken and if the cryptocurrency stabilizes above the region, the upward trendline will be activated once again.

    Terra (LUNA) price prediction

    Terra (LUNA) recently entered into a strategic partnership with Harmony (ONE) in order to up their game in the decentralize finance space. Ever since the partnership, both cryptocurrencies have been trending upwards. Terra is the twenty-ninth largest cryptocurrency in the market with good long-term potential. According to the estimates of Wallet Investor, Terra will be valued at a price of $16 in a year’s time while the 5-year forecast shows a price of $60. Digital Coin Price predicts a price of $36 by 2028.

  • Solana (SOL) coin price prediction – Towards $120

    Solana (SOL) coin price prediction – Towards $120

    Solana (SOL) had been highly volatile with major upside and downside movements. The volatility may have died down as Solana begins a brief consolidation. At the time of writing, Solana stands at a price level of $32.50. the price has increased by 3% in the past twenty-four hours while the trading volume has dropped down by 30%. The cryptocurrency has suffered from 6% losses in the past seven days.

    Solana (SOL) technical analysis

    The market sentiment for Solana is bearish. Out of the total twenty-six technical indicators, eleven are giving out a signal of sell with ten indicators standing at a neutral position and only five indicators are giving out a buy signal.

    Solana (SOL) technical analysis
    Solana (SOL) technical analysis

    Solana (SOL) had been identified to be forming an Elliot wave series. The cryptocurrency is also expected to form other minor wave series inside the major one. Currently, SOL coin is beginning the formation of the fifth wave of the series. The fifth wave is regarded as the risky one with various highly volatile movements. The price prediction for Solana by the end of the wave count is at $120. The price action after the fifth wave is also something to be vary of as Solana can suffer from high bearish momentum. However, a bullish butterfly harmonic pattern is expected to be formed by SOL coin after the completion of the Elliot wave series.

    Solana (SOL) price prediction

    Solana is the fourteenth largest cryptocurrency in the market. The platform provides solutions for decentralized finance and targets both institutional and small-scale traders. The project has risen in popularity with it now being considered one of the best projects in the DeFi sphere. The long-term potential of the cryptocurrency is good. According to the estimates of Digital Coin Price, Solana will be valued at $140 by 2028. Wallet Investor is more bullish on the cryptocurrency and predicts the price to cross $100 in a year’s time while the five-year projection shows a price level of a staggering $391.

  • Uniswap (UNI) coin price to cross $100?

    Uniswap (UNI) coin price to cross $100?

    Uniswap (UNI) has reversed its downward trajectory and began moving upwards towards the end of June. The cryptocurrency has been oscillating up and down but moving upwards largely. At the time of writing, Uniswap stands at a price level of $21.25. The price has increased by 6% in the past twenty-four hours while it has declined in the past seven days. The daily trading volume is also dropping.

    Uniswap (UNI) technical analysis

    The market sentiment for cryptocurrency is bullish. Out of the total twenty-six technical indicators, eleven are giving out an indication of buy with ten standing at a neutral position and only five indicators bearish at a sell signal. Both the oscillators and moving averages are bullish in general.

    Uniswap (UNI) technical analysis
    Uniswap (UNI) technical analysis

    Uniswap (UNI) had been operating with an ascending trend line earlier; however, the recent price movements show that the cryptocurrency may have broken off from the upward trend. At the time of writing, UNI coin appears to be oscillating between two major price levels which lie at the Fibonacci retracement levels – the support at $19 and the resistance at $21. The upcoming price action will be determined by which of these price levels will prove to be stronger. If the support fails, then subsequent supporting levels can be found at $18 followed by $16 and $14. If the resistance is broken then the next will lie at $24.

    Uniswap (UNI) coin price prediction

    The long-term price prediction for UNI crypto are bullish. According to the projections of Wallet Investor, Uniswap crypto is expected to be priced at $62 after a year’s time while the five-year projection shows a price level of $227. The price prediction of Digital Coin Price is similar although not as much bullish. Per their projections, UNI crypto will end the year at $31.5 while the price in 2028 is expected to be $96.

  • FLOW coin upward trajectory to be confirmed soon

    FLOW coin upward trajectory to be confirmed soon

    Flow (FLOW) has rocked the market with a phenomenal performance in the weekly timeframe. The cryptocurrency has gone up by 72% in the past seven days. Flow crypto had been trending downwards till the end of June; however, the market outlook began showing signs of bullish momentum. The cryptocurrency has been going up ever since although an uptrend has to be yet confirmed but there is hope. At the time of writing, Flow stands at a price level of $18.90. The price has moved up by 3% in the past twenty-four hours while the trading volume has declined by the same proportion.

    Flow (FLOW) technical analysis

    The market sentiment for Flow coin is bullish. Out of the total twenty-six technical indicators, thirteen are giving out a signal of buy with eight at a neutral position and only three indicators giving out a signal of sell. The oscillators are neutral while the moving averages are strongly bullish.

    Flow (FLOW) technical analysis
    Flow (FLOW) technical analysis

    As the trend has been reversed for Flow coin, an upward trajectory has been identified by a trader’s analysis. Per the analysis, Flow crypto is operating in an ascending channel formation. At the moment, the cryptocurrency is in the lower half of the channel although if the bullish momentum is sustained, Flow can be expected to move upwards – breaking resistance levels. Flow can be seen struggling with a resistance level at the current price. If the resistance level is established as support, the next price target will be activated at $24 followed by $30 and then $44.

    What is Flow (FLOW)?

    Flow blockchain is a developer friendly blockchain. The blockchain is fully decentralized and lightning fast. It is aimed for the next generation of applications on the blockchain. The team behind the blockchain is credible with a lot of other good projects under their belt. Flow is the native token which powers the Flow blockchain.

  • Litecoin (LTC) coin price prediction – To cross $500?

    Litecoin (LTC) coin price prediction – To cross $500?

    Litecoin (LTC) has not formed any decisive price action as of yet. The price of the cryptocurrency is oscillating without any certainty. At the time of writing, Litecoin stands at a price level of $135. The price has moved up slightly in the past twenty-four hours while in the weekly timeframe Litecoin has suffered losses of nearly 7%. The daily trading volume of the cryptocurrency is also dropping.

    Litecoin (LTC) technical analysis

    The market sentiment for Litecoin is bearish. Out of the total twenty-six technical indicators, twelve are giving out a signal of sell with ten standing at a neutral position and only four giving out a buy position.

    Litecoin (LTC) technical analysis
    Litecoin (LTC) technical analysis

    Litecoin has been identified to be operating inside an ascending channel formation in the long timeframe. The historical price movements of the cryptocurrency show a trend which can be translated into Elliot waves. At the moment, Litecoin has formed a new Elliot wave series.

    After completing the first wave of the series, the cryptocurrency is moving downwards towards the lower boundary of the channel for the formation of the second. If the Elliot wave series is validated by Litecoin then it will continue to uphold the trend found in the historic price movement. Per the long-term analysis, the price of the cryptocurrency is expected to continue its upwards trajectory. The price target for Litecoin is set at $2,000.

    Litecoin (LTC) price prediction

    Litecoin (LTC) being one of the high-market cap cryptocurrencies had bullish long-term price predictions. According to the estimates of Digital Coin Price, Litecoin is going to end the year with $198 while the price in 2028 is expected to be at $623. Wallet Investor has a similar projection for the price of the cryptocurrency. According to their projections, Litecoin’s price level after a year will be $216 while the five-year projection shows a price of $515.

  • Algorand (ALGO) coin price prediction – To cross $1 soon?

    Algorand (ALGO) coin price prediction – To cross $1 soon?

    Algorand (ALGO) has been going downhill since the beginning of May. The cryptocurrency has been struggling with maintaining bullish momentum and eventually succumbed to the bears. As June ended, the cryptocurrency market showed signs of revival but the signs fell short for Algorand as it spiraled downwards once again. At the time of writing, Algorand stands at a price level of $0.86. The price has declined by 5% in the past twenty-four hours while the trading volume has fallen by 8%.

    The market sentiment for Algorand is bearish. Out of the total twenty-six technical indicators, fourteen are standing at a sell position with nine neutral indications and only three signals at buy. The oscillators are neutral while the moving averages are bearish.

    Algorand has been operating with a descending trendline. The trendline has also been acting as resistance for the cryptocurrency. Unless bullish momentum overtakes the market, Algorand is expected to continue downhill with lower price levels as major resistances. The relative strength index can also be observed to be declining.

    The price prediction in the long-term for Algorand is optimistic. Digital Coin Price predicts that the cryptocurrency will end the year at a price level of $1.31 and will be operating at a price level of $3.76 in 2028. Wallet Investor’s predictions are more bullish. Per their estimates, the price after one year would be $1.71 while the five-year price will be $5.22.

    Algorand (ALGO) major developments

    Even though the cryptocurrency is bearish, the development team of Algorand has been active. Algorand has made the official wallet of the network open-source and the codebase is now publicly available. Moreover, there has also been an influx of new projects on the network. A couple of former PayPal employees have launched a cross-border payment network on Algorand.

  • Why is Harmony’s (ONE) coin price rallying?

    Why is Harmony’s (ONE) coin price rallying?

    Harmony (ONE) has been trending in the recent timeframes as it entered into a strategic partnership with Terra (LUNA). Both the cryptocurrencies have been rallying because of the partnership. Harmony crypto is on a steep upward trend. At the time of writing, ONE coin stands at a price level of $0.082. The price has increased by 15% in the past twenty-four hours while the trading volume has shot up by 230%.

    Harmony (ONE) technical analysis

    The market outlook for the cryptocurrency is bullish. Out of the total twenty-six technical indicators, eleven are giving out a buy indication with eight standing at a neutral position and seven indicators at sell. The oscillators are mainly bearish while the moving averages are bullish.

    Harmony (ONE) technical analysis
    Harmony (ONE) technical analysis

    Harmony had been operating in a falling wedge formation. The falling wedge is a bullish pattern and indicates the onset of increased bullish momentum in the market. Harmony crypto is under strong bullish pressures which resulted in the cryptocurrency breaking out early from the formation to the upside. The breakout has confirmed the strength of the bulls. Harmony coin will be facing a strong resistance level at $0.12. The price action will be crucial at the resistance level as it will determine the future trajectory of the cryptocurrency.

    What is causing the bullish momentum?

    Harmony and Terra entered into a partnership which will bring Terra’s UST to Harmony to be used in applications on the blockchain. Terra and Harmony have also agreed to explore DeFi initiatives together. But that is not all. Harmony’s development team has also been busy. SushiSwap recently integrated with Harmony – deploying all of Sushi products onto the blockchain of Harmony. The partnership is expected to bring millions of people into the DeFi space. Another milestone was achieved by Harmony’s team as the blockchain development platform Tatum also integrated Harmony.  Tatum’s infrastructure will allow Harmony’s users to experience various benefits.

  • Telcoin (TEL) price under bearish momentum

    Telcoin (TEL) price under bearish momentum

    Telcoin (TEL) is one of the worst-performing cryptocurrencies in the weekly timeframe. Telcoin is on a sharp downward trend with the bears dominating the cryptocurrency. TEL crypto had also been highly volatile with a few minor upside breakouts. At the time of writing, Telcoin stands at a price level of $0.020. The price has declined by 10% in the past twenty-four hours while the trading volume has climbed up by 30%. Whether the sellers will continue to overpower the buyers, is yet to be seen.

    Telcoin (TEL) technical analysis

    The market outlook for Telcoin is strongly bearish. Out of the total twenty-six technical, indicators, fifteen are giving out a signal of sell with nine standing at a neutral position and only two indications at buy. Both the oscillators and moving averages are bearish – the moving averages more so than the oscillators.

    Telcoin (TEL) technical analysis
    Telcoin (TEL) technical analysis

    Telcoin (TEL) has been operating in a descending channel formation since the peak in May at $0.064. The bearish momentum has been dominant for two months. TEL crypto is near some crucial resistance and support levels. The cryptocurrency can find support at the price level of $0.018 which lies parallel to the Fibonacci retracement level of 0.786. The nearby resistance level lies at the 0.236 Fibonacci level – $0.027. The resistance also coincides with the upper boundary of the channel which makes it a major resistance.

    Telcoin (TEL) price prediction

    The Ethereum based cryptocurrency aims to be a bridge between the blockchain and the telecommunications industry. As the adoption of the blockchain technology increases, its incorporation in various industries will also rise – pulling cryptocurrencies like Telcoin upwards. The long-term price prediction for TEL crypto is optimistic. Wallet Investor predicts Telcoin will be priced at $0.169 in five years’ time – more than 700% increase. Digital Coin Price also expects a price increase from the cryptocurrency, although not as vigorous. Per their estimates, Telcoin will be trading at $0.092 by 2028 – an increase of 360%.

  • FLOW coin – Upcoming resistance at $24

    FLOW coin – Upcoming resistance at $24

    Flow (FLOW) had been moving downhill; however, the cryptocurrency has picked up the pace with nearly 100% gains in the past week. At the time of writing, the cryptocurrency stands at a price level of $17.81. The price level of Flow coin has gone up by 50% in the past twenty-four hours while the trading volume has shot up by 250%.

    Flow (FLOW) technical analysis

    The market sentiment for Flow coin has turned bullish. Out of the total twenty-six technical indicators, fourteen are giving out a signal of buy with seven standing at a neutral position and only three indications at sell. The oscillators are neutral while the moving averages suggest a strong uptrend in the daily timeframe.

    Flow (FLOW) technical analysis
    Flow (FLOW) technical analysis

    Flow coin had been operating in a descending channel formation amidst the bearish trend in the market. As the bulls renewed, the cryptocurrency was able to break out of the channel formation – breaking the strong resistance which lied at the upper boundary of the channel. Flow coin will find other major resistances which may hinder its upward trajectory if the bullish momentum is not strong enough. The immediate resistance that lied at $16.88 had been broken as well and will now be acting as a support level. The price level of $24 followed by $41 are the potential price targets as well as resistance levels for Flow coin.

    What is Flow (FLOW)?

    The Flow blockchain has been designed to become lead the next generation of blockchains. It is developer-friendly, fast, and completely decentralized. The success of the blockchain can be attributed to the abled team leading it. The development team of Flow has a repute in the crypto space and has delivered various good projects like Crypto Kitties etc. FLOW is the native token of the blockchain and will act as a gateway to the borderless digital economy powered by the blockchain technology.

  • Dogecoin (DOGE) – Bullish break soon?

    Dogecoin (DOGE) – Bullish break soon?

    Dogecoin (DOGE) had been giving a subpar performance in the weekly timeframe. The cryptocurrency had appeared to pick up the pace; however, the bulls failed and Dogecoin once again started moving downhill. In the past seven days, Dogecoin has fallen by 8%. At the time of writing, the cryptocurrency stands at a price level of $0.23. The price is decreasing in the daily timeframe as well and so has been the trading volume.

    The market outlook for DOGE coin is bearish. Out of the twenty-six technical indicators, eleven are giving out an indication of sell while ten are standing at a neutral position with only five signals of buy. The oscillators are primarily neutral while the moving averages suggest a downtrend.

    A trader has identified DOGE coin to be operating in an inverse head and shoulder formation. The cryptocurrency has successfully completed the formation of the left shoulder and head while the right shoulder may soon be completed. The inverse H&S formation is a bullish pattern with an upside breakout as the more likely trajectory. The trader has identified the potential price target at $0.44 which would give nearly 80% gains from the current price.

    Dogecoin (DOGE) fame not dying anytime soon?

    Despite the bearish trend in the price movements, Dogecoin does not appear to be losing any popularity. Freshman Congressman Barry Moore has revealed heavy investment in DOGE coin, Ethereum and Cardano. Glauber Contessoto, a Dogecoin investor, famous for investing his $250,000 lifesavings in Dogecoin has increased his Dogecoin portfolio as the cryptocurrency dips. Contessoto has added an additional $25,000 to his investment in the cryptocurrency.

    So why is Dogecoin being bought despite the downtrend? One answer could be Elon Musk. The cryptocurrency continues to enjoy the protection of the billionaire CEO. Musk is also going full-force with Dogecoin’s development team to make it a global digital currency.