Bitcoin und manche Altcoins sind über ihre unmittelbaren Widerstandsniveaus ausgebrochen, was den Beginn einer Erholung signalisiert.
Fantom (FTM) surges by nearly 15% after getting listed on eToro
eToro has confirmed that it has listed Fantom (FTM) into its trading platform. The social trading platform also listed Theta Network as well. The move is expected to be huge for Fantom, which has recently come under massive selling pressure. Here are some of the details.
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Shortly after the eToro listing, Fantom (FTM) went up by around 15%.
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The coin did pull back slightly and was trading at $1.2 at press time.
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eToro is one of the biggest trading platforms in the world.
Data Source: Tradingview
What does the listing mean for Fantom (FTM)
Getting listed on major exchanges like eToro will always be positive for any crypto. It’s the reason why Fantom (FTM) was up by a whopping 15% shortly after the news broke. We also saw trading volume jump by nearly 75% in 24 hours. This suggests that there were a lot of people trying to buy the coin via eToro.
There are now 57 main cryptocurrencies trading on the platform, with FTM and Theta being the latest. It is likely that we are going to see a sustained surge in trade volume and price for FTM in the coming days. Despite this, the medium-term outlook for the coin still remains very risky.
Just recently, Fantom saw a massive drop in Total Value Locked after one of the key developers left the project. While the price has stabilised from the wipe-out we saw last week; investor confidence remains very weary.
What’s the future of Fantom (FTM)
The sudden fall in TVL was a big red flag for Fantom investors. But there is no arguing that this is a very promising DeFi project, and more is yet to come from it.
We do expect the coin to rebound in the near term and the listing on eToro will help to speed this up. As of now, Fantom still remains a decent project.
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Uniswap (UNI) shows strength in recent days – Here is why it could regain crucial support
Uniswap (UNI) has reported gains over the last three days in a row. This decent momentum has coincided with improved performance in the general market. It seems though like UNI still has enough momentum to go in the coming days. Here is what you need to know:
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At press time, UNI was trading at $8.77, up around 5% in the last 24 hours.
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The coin is expected to regain its crucial $9.4 support zone in the days ahead.
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If this happens, UNI could go on a decent bull run with gains of at least 30%.
Data Source: Tradingview
Uniswap (UNI) – Where the price could go
Over the last week, UNI has been trading between a very important range. While the coin has managed to stay above the $8.13 support, it has failed to overcome $9.4. In fact, UNI has been rejected at $9.4 several times.
But the recent momentum could provide the much-needed run that finally converts $9.4 from resistance to support. After all, the coin has had three days of continuous gains. At press time, it was already up 5% for the last 24 hours.
If bulls can regain the $9.4 resistance and manage to consolidate there by the end of the week, then UNI could trigger a bullish run that delivers at least 30% in gains. But if the coin falls below the current resistance of $8.13, this prediction will be voided.
Why buy Uniswap (UNI) today
Uniswap (UNI) is the main decentralized exchange of the Ethereum network. It is one of the biggest projects also in the DEX space with a market cap of nearly $6 billion.
But more could still come from UNI. In fact, it was just the other day the coin was testing $20. It’s possible that it could return to those lofty heights in the medium term.
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Origin Protocol (OGN) maintains positive momentum indicators despite plunging 10% today
The Origin Protocol (OGN) has taken a plunge today of nearly 10%. This comes even as most coins post gains. But despite this, the long-term indicators for OGN remain positive. How long they stay, that way is another story. But here is what matters:
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The OGN token remains slightly above its 25- and 50-day simple moving averages.
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The coin is currently trading at $0.45, down by around 10% over the last 24 hours.
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OGN is also down nearly 88% from its all-time highs last year.
Data Source: Tradingview
Can Origin Protocol (OGN) stay above water?
The fact that OGN is slightly higher than its 25 and 50-day simple moving averages is a good sign. It means that it’s yet to enter the bear market. But there are worries that this may not be the same any longer. The good news is that OGN appears to have completely bottomed.
It is 88% lower than its ATH and has trended downwards for the last week. In most cases, coins will reverse the trend once they bottom out. This reversal could come very soon for OGN. In fact, despite the 10% loss today, some analysts expect OGN to consolidate.
The coin could easily retest $0.8 in the near term, something that will lead to gains of at least 40%. However, the key support zone to watch at the moment will be $0.34. Any drop below that price will trigger a bearish fall.
Is Origin Protocol (OGN) a good investment?
The Origin Protocol is a DeFi project that brings NFT integration as well. It also has a yielding stablecoin as part of its ecosystem, something that makes it quite unique compared to other projects.
Although OGN has been on free fall since the end of 2021, it still has outstanding long-term potential. For this reason, you can consider it if you are looking to add more DeFi coins into your wallet.
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Alchemy Pay (ACH) remains in a bearish trend despite recent consolidation
Alchemy Pay (ACH) appears to have entered an important consolidation phase. The coin has moved largely sideways after coming under pressure in the past two weeks. But despite this, ACH still remains in a bearish trend, and it will take something special to break this. Here are some facts:
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ACH has been bouncing off a very wide range, indicating wild volatility.
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The coin is over 77% lower than its 2021 all-time highs
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It remains below the crucial 25-day SMA, suggesting more weakness.
Data Source: Tradingview
Alchemy Pay (ACH) – when will the downtrend break?
It’s very hard to say right now when or how ACH will break this downtrend. After all, there are just too many risk factors. The threat of inflation, global economic fallout due to rising energy prices, and the war in Europe are some of the factors weighing down sentiment.
We expect the coin to continue dropping before it bottoms at its $0.032 support. After that, bulls can try to find any demand. At the time of writing, ACH was selling at $0.039. There is therefore still a long way to go before we reach the bottom.
We do not expect ACH to reclaim its all-time highs anytime soon as well. The coin will still remain volatile and could be perfect for short-term plays. As of now, ACH has a market cap of around $160 million and trade volume remains very low.
Is Alchemy Pay (ACH) sustainable?
Crypto-based payments are going to become huge in the near future. There are a ton of companies out there that are investing heavily in these projects and as such, Alchemy Pay (ACH) will get a lot of competition.
But this should not worry any investor. ACH has already established itself within both the centralised and decentralised payment ecosystem. It surely has so much potential for the future.
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