Monat: April 2022

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Filecoin (FIL) could target $32 despite the recent fallback as bulls search for momentum

The last 7 days or so have been quite brilliant for Filecoin (FIL) investors. The coin has surged but in the last few days, it looks like it has slowed. In the last 24 hours, the coin was largely trading sideways. But there are a lot of upsides. Here are some facts:

  • A bull flag has appeared on the daily chart that suggests a strong uptrend

  • FIL could surge past $32 or even higher in the near term.

  • Filecoin has also crossed a major resistance zone over the last 24 hours.

Data Source: Tradingview 

Filecoin (FIL) – Is $32 likely?

The stagnation we saw in Filecoin’s price action appears to be nothing more than consolidation. In fact, during this period, the token managed to cross above $26. This means that the price is now above the crucial resistance zone of $25.9. It will be interesting to see if bulls can sustain this in the days ahead.

However, if we close today’s trading above $26, then FIL is headed for a major upswing. Besides, the bull flag that has appeared on the chart also suggests a strong uptrend. The coin could surge towards $32 before it encounters major resistance. 

If indeed bulls are able to push further above the $32 mark, it is likely that more gains will follow, with FIL hitting $40 in the long run. This will represent gains of nearly 60% from the current price.

Is it time to buy Filecoin (FIL)?

The simple answer is yes. However, it would be best to wait until the end of trading today to see if bulls can keep the $25.9 support. Right now, the price is slightly above that, but it’s consolidating.

If indeed we start tomorrow’s trading above $26, then FIL will be a great buy. You can expect it to hit at least $32 in a worst-case scenario or $40 in the best-case scenario.

The post Filecoin (FIL) could target $32 despite the recent fallback as bulls search for momentum appeared first on Coin Journal.

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Quantstamp (QSP) could rally to $0.1 – Here is how this will happen

As trade volume for Quantstamp (QSP) fell sharply over the last two days, the price action has somewhat slowed. It seems like the coin is trying to consolidate the gains made over the last week before trying to rise again. But how far can it really go? Well, we’ll discuss this further but first, here are the latest developments:

  • QSP is up nearly 83% from its lowest price in 2022.

  • The coin is also trading well above its 25- and 50-day moving averages

  • Despite this, Quantstamp is still facing major resistance before breaking to $0.1

Data Source: Tradingview 

Quantstamp (QSP) – The road to $0.1

The biggest threat for QSP bulls is the fact that the coin has actually rallied after hitting its lows this year. In fact, the price is almost double its lowest level in 2022 and as such, QSP may be ready for a correction. Despite this, other indicators appear bullish. 

For instance, QSP is now trading above its 25- and 50-day SMAs. This indicates an important bullish alignment. Also, the coin has consolidated gains in recent days, something that suggests people are not selling. What remains now is for bulls to try and smash the $0.078 resistance zone. 

QSP is still a bit further away from that. However, if the price action pushes above that zone, then $0.1 will be the next stop. As a result, QSP could offer an upswing of about 45% from its current price.

Quantstamp (QSP) – Should you go short or long?

As a long-term asset, Quantstamp is actually a very decent buy. The coin has incredible underlying fundamentals and should be perfect. But there is also a very good short-term play here that can lead to very good gains. 

$0.078 is the key, and If QSP manages to smash that, then there is enough upside to deliver at least 30% in additional gains.

The post Quantstamp (QSP) could rally to $0.1 – Here is how this will happen appeared first on Coin Journal.

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Zilliqa’s (ZIL) recent bull run is far from over – Is $0.5 coming next?

Zilliqa (ZIL) is hands down the crypto of the year so far. The coin has recently surged to unimaginable heights. Despite analysts predicting pullbacks, ZIL has continued to show incredible upward resilience. There seems to be more upside for growth too. Here is what you need to know:

  • ZIL has gained over 200% in the last 7 days alone.

  • The coin has however slowed with a 10% pullback in the last 24 hours.

  • It is likely that the uptrend will continue despite slowing in recent days.

Data Source: Tradingview 

Zilliqa (ZIL) – Is $0.5 eve possible?

Surging towards $0.5 will be massive for ZIL. This would mean the coin will have to add another 100% or thereabout from its price today. While it may seem unlikely, for a coin that has surged by 200% in seven days, everything is indeed possible with ZIL. 

Besides, chart indicators show a bullish trend. The fact that ZIL has defied all bearish predictions in recent days makes it a bullish asset. In essence, even people who are not upbeat about it may be forced to buy to ensure they don’t miss out on these gains. 

Because of this, it is likely that more gains will come. The challenge though for bulls right now is the possibility of a majority of folks starting to lock in profit. If this happens, we may see slowed upward momentum followed by a decisive pullback of at least 35%.

How to play the Zilliqa (ZIL) setup?

There are two ways to play out the current ZIL setup. First, it makes sense to buy in and ride a possible surge towards $0.5. But this will depend on how the coin performs in the day ahead. 

In the last 24 hours, ZIL has lost 10%. If such double-digit losses are posted in two consecutive days, then the trade becomes very risky. Secondly, you could wait for the pullback to come and buy then.

The post Zilliqa’s (ZIL) recent bull run is far from over – Is $0.5 coming next? appeared first on Coin Journal.

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Terra (LUNA) is heading to $150 and it’s not a surprise at all

Terra (LUNA) pulled back slightly at the end of this week after seeing quite some sustained gains. The coin however still has a lot of room for growth and we expect it to show some decent uptrend in the weeks ahead. Here is what to keep in mind:

  • Terra (LUNA) is likely going to hit $150 in the near term.

  • The coin has positive momentum indicators despite the recent pullback.

  • A surge to $150 will represent nearly 40% of gains from the current price.

Data Source: Tradingview 

Terra (LUNA) – Why $150 is not surprising

The recent rally we saw in crypto over the last two weeks brought back hope that perhaps investor sentiment had turned positive. But there were some concerns that we may see a bigger pullback in major coins, including LUNA. However, this did not happen. In fact, after pulling back slightly on Friday, LUNA and most other coins regained upward momentum.

Also, since the start of March, LUNA has set three higher highs and the same number of higher lows as well. But it is the upper trend line on the chart that looks very interesting. 

While there is a chance the coin may turn bearish given the rising wedge between higher lows and higher highs, because of the current bullish momentum, we expect LUNA to break the upper trend line. This will then lead to massive gains that could see the coin surge past $150 in a few weeks.

Is it the right time to buy Terra (LUNA)?

For short-term traders, the current setup is somewhat a bit risky, but it offers the possibility of 50% gains. The perfect entry price would be around $105. Hold it out and exit at $150.

As for long-term investors, buying now gives you a chance to enjoy a decent uptick in your holdings as LUNA heads up in the near term.

The post Terra (LUNA) is heading to $150 and it’s not a surprise at all appeared first on Coin Journal.

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Harmony (ONE) targets $0.27 – Here is what to expect in the days ahead

Harmony (ONE) enjoyed a decent week. The coin managed to report double-digit gains but despite this, it failed to cross over a crucial resistance zone. However, we expect the coin to regain momentum and push further upwards. Here are some of the most important developments:

  • Harmony has faced crucial resistance at $0.18 in the last 7 days.

  • ONE was rejected several times at that threshold and has since pulled back.

  • It is likely the coin will retest that zone again this week and smash it in the process.

Data Source: Tradingview 

Harmony (ONE) – how it will get to $0.27

There is no doubt that the crypto market is now turning bullish. After a very difficult period at the start of the year, it seems most coins have managed to recover, and the only way is up. However, although Harmony has gained considerably, the coin has been rejected firmly at its 200-day SMA of $0.18. 

As a result, ONE appears to have lost a bit of the upward trajectory. However, looking at the price action today, the coin was consolidating at $0.16. It is likely that ONE will finally break past $0.18 in the week ahead. 

Once this happens, bulls will be in full control and are likely to take the coin towards $0.27 before any pullback. This represents an upswing of nearly 70% from the current price.

Why you should consider Harmony (ONE)

Even with the recent gains, ONE still remains nearly 60% from its all-time highs of $0.38. But the bullish momentum we are seeing in the market right now makes the coin a decent buy for both short-term plays and long-term ones. 

The key will be to watch how long it takes for ONE to cross $0.18. Once this happens, then expect a decisive uptrend that will deliver double-digit gains easily in the near term.

The post Harmony (ONE) targets $0.27 – Here is what to expect in the days ahead appeared first on Coin Journal.