Cryptocurrency costs plunged this week after Silvergate Capital postponed its annual report, pushing its inventory worth down by over 60%. Bitcoin plunged to $22,000 whereas Ethereum worth retreated to about $1,565. Litecoin plunged to $88. On this article, we’ll take a look at the forecast of a number of the high cryptocurrencies like EOS, IMX, and QuickSwap.
EOS worth prediction
EOS was one of many best-performing blue-chip cryptocurrencies throughout the week. Its worth jumped to a excessive of $1.3032, the very best degree since September final 12 months. On the day by day chart, the coin moved above the essential resistance level at $1.1586, the very best level on January thirtieth. It has additionally risen above the ascending trendline proven in purple.
EOS has additionally risen above the 25-day and 50-day shifting averages. It has shaped a small double-top sample whose neckline is at $1.05. Due to this fact, there’s a chance that the worth will retreat sharply if there will not be sufficient bulls to push it above the double-top degree of $1.300.
If this occurs, EOS crypto worth will drop and retest the important thing help at $1, which is about 20% beneath the present degree. A transfer above the essential resistance level at $1.30 will invalidate the bearish view.
Binance
Binance is without doubt one of the largest cryptocurrency exchanges on the earth. It’s higher suited to extra skilled buyers and it affords numerous cryptocurrencies to select from, at over 600. Binance can also be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, similar to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
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OKX
OKX is a high cryptocurrency change which affords over 140 cryptocurrencies to spend money on. OKX takes buyer safety very severely, they retailer nearly all of their purchasers’ funds in chilly storage, and the change is but to be hacked. On high of this, the change affords very low charges and prospects may even use their crypto as collateral for loans on the platform.
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Immutable X worth prediction
IMX worth had a powerful week, helped by the upcoming Illuvium NFT assortment launch. It was buying and selling at $1.03, which was barely above the essential help degree at $0.8960. On the day by day chart, Immutable X has shaped a cup and deal with sample, which is normally a bullish signal.
It has additionally moved above the 25-day and 50-day shifting averages whereas the MACD has shaped a bearish divergence sample. Due to this fact, the Immutable X worth will doubtless have a bullish breakout so long as it’s above the essential help at $0.8367. An even bigger bullish breakout shall be confirmed if the worth strikes above the resistance at $1.3200.
QuickSwap worth prediction
QuickSwap is a decentralized change (DEX) that has over $161 million in belongings. It handles over $40 million in day by day quantity, with essentially the most energetic belongings being Wrapped Ether. It is without doubt one of the largest gamers within the Polygon ecosystem.
On the day by day chart, we see that QUICK worth staged a powerful restoration and reached a excessive of $137.08, the very best level since July final 12 months. It has shaped a bullish flag sample and moved above the 25-day and 50-day shifting averages. The MACD has shaped a bearish crossover sample. Due to this fact, the coin will doubtless have a bullish breakout within the coming days.
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