Kategorie: Altcoin News

Quant ( QNT) has been rallying over the last week or so. The coin managed to hit 3-week highs after losing much of its 2021 gains in January. But will this bullish uptrend bring sustained gains in the near term? Price action and analysis here below but first, some highlights:

• At press time, QNT was trading at $126, up nearly 13% in what is the largest single-day gain this year.

• Despite this, QNT is still below the crucial psychological zone of around $150 even with the bullish run.

• Quant ( QNT) has been making moves in Central Bank Digital Currencies (CBDCs), something that may push prices higher.

Data Source: Tradingview.com 

Quant ( QNT) – Near term predictions and analysis

After losing steam at the start of 2022, it seems like Quant (QNT) is well and truly on a path of full recovery. The token has been rising for the last 4 consecutive days and is now nearly 32% up from the lowest price recorded this year. 

Despite this, QNT is still way lower than its all-time high of $325 and is yet to surge past the crucial psychological zone of $150. But things are looking good. 

In fact, recent reports indicate that the network has been making serious moves on Central Bank Digital Currencies, something that may deliver real value in the long term. We expect this bullish surge to continue in the coming days.

Why should you buy Quant (QNT)?

QNT often comes off as a very underrated and undervalued asset. With a market cap of around $1.5 billion, there is just so much room for growth here. Besides, QNT also appears to be developing its ecosystem and embracing new innovations to power its growth. If you are looking for a blockchain project that promises immense value for the future, then QNT is highly recommended.

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There are some signs right now that perhaps Decentraland (MANA) may be coming out of its bear market trend. The coin has rallied for the last 8 days in a row, making it one of the top-performing cryptos. But despite this bullish upside, some indicators suggest that a pullback is very possible. Here are some highlights though:

• The recent bullish surge has seen MANA rally by a whopping 70% compared to January lows

• At press time, the coin was trading at $2.65 with the $3 mark looking quite possible.

• Despite this, some indicators suggest that we may see some pullback in the price action in the coming days.

Data Source: Tradingview.com 

Decentraland (MANA) – Analysis and price prediction

After hitting monthly lows in January 22, it seems like Decentraland (MANA) has simply decided to fly. The coin is up nearly 70% from that period and has surged past a crucial resistance zone of $2.5. 

At the time of writing, the coin was trading at $2.65, holding off any selling pressure that we have seen in the past at the $2.5 mark. There are some analysts who in fact see the token heading well above $3. 

But despite this, we have seen a hidden bearish divergence between the composite index and the candlestick chart. This could suggest that a pullback for MANA is possible and may happen over the coming days.

Are metaverse tokens ideal investments?

Decentraland (MANA) is one of the main metaverse tokens in the world right now. During the January crypto winter, these tokens were hard hit. But the recent surge in MANA shows that investor appetite for the metaverse remains strong. We don’t expect this to change in the future, so in the long run, metaverse tokens like these ones are going to deliver immense value for investors.

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Solana (SOL) has in recent days been a top performer in the crypto market. But as bulls continue to push the price action further, SOL is starting to approach a key resistance zone that could bring significant selling pressure. Our analysis is below but first, check out some highlights:

• Solana (SOL) is approaching the crucial $115 overhead resistance zone after recent bullish momentum.

• if bulls don’t rise above that price, the coin will retrace its price, tanking by nearly 30% in the process.

• At the time of writing, Solana (SOL) was trading at $105, down 6% in 24-hour intraday trading.

Data Source: Tradingview.com

Solana (SOL) – Price analysis and prediction

It looks like Solana has been going through a honeymoon period over the last few days. After losing much of its 2021 gains in January, the rebound has come fast for SOL. In fact, the altcoin has surged by a whopping 40% in the last 8 days alone. 

But as bulls continue to push the price action upwards, SOL is now approaching a crucial overhead resistance zone of $115. If indeed bulls are not able to effectively test that price and surge above it, then we are likely to see SOL retrace its initial demand zone of between $78 and $65. 

This will represent a correction of nearly 30%. But if indeed the upward momentum keeps going above that threshold, then it’s conceivable that SOL will hit $180.

Should you buy Solana (SOL) now?

There is a lot of good stuff about Solana as a blockchain network. In fact, the SOL ecosystem has been expanding really fast over the last few years. As far as altcoins go, it is one of the best you can have. However, I would wait for the next few days to see if a retracement towards $78 happens. This will give you a superb discount.

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• The helium token is growing more popular among crypto traders and holders.

• HNT might token may continue to fall if we fail to break $30. 

• HNT has been forming lower lows and lower highs since November 2021. 

The explanation for this is the mining process provided by the corporation. Currently, Helium pullbacks point to a frightening potential decline.

Helium Network is a decentralized wireless connection that allows devices to access the Internet securely from anywhere globally. Developers can design low-power, Internet-connected devices at a lower cost and quicker rate because of its robust open-source architecture.

The downturn began once the price hit the last objective of $42 – $50 and bears came strongly to push prices more than -65% since November. This adjustment may have come to an end as recently as last week after the value of helium found a strong support at the Pivot level S2 and also the $20 key level.

Helium price falls through the trend line

In mid-2021, the helium price established a trend line, causing prices to climb. This trend line was breached after the most recent cryptocurrency meltdown. Consequently, the price may begin to fall short.

We foresee a drop down to the next key zone if we don’t reclaim the trend line this week. This band of support is located between $9 and $11.75. This may be an ideal purchasing moment if you want to engage in the helium program.

HNT definite uptrend break, particularly on the one-week chart. Helium investors should liquidate their tokens or at least a portion to get Helium at a lower cost, particularly in the B region of the ABC cycle at the 61.8%- 78.6% fibonacci retracement level.

The post Is Helium (HNT/USD) going to crash again? appeared first on Coin Journal.

• Solana’s price is bullish after finding support at $81. 

• SOL/USD is presently trading at $108.5

• The next resistance level is at $120

Solana’s price is currently forming a bullish trend, as we expect the existing consolidation to conclude with a break over the $112 barrier. If the breakthrough is robust today, experts believe there will be even more potential next week.

The price is headed for a break over $120 since no resistance points prevent it from attaining that level.

SOL/USD price fluctuation in the previous 24 hours: Is there a chance of a positive reversal?

The SOL/USD pair is now trading at $108, with a bullish trend emerging, with negligible signs indicating a negative trend; therefore, we are strongly bullish on SOL/USD.

Nevertheless, there was significant buying behavior in this zone when a support point around $90 halted the bearish trend. The price rose to break the $100 resistance and found short-term resistance at $110 before consolidating afterward, establishing a symmetrical triangle formation on the hourly chart, which might result in another breakthrough above the $115 mark.

As a result, it seems that SOL/USD may trade around the $120-$130 area this week, with just a few dips predicted before a significant ascending trend starts.

The price is currently above the 23.6 percent Fibonacci retracement level at $95.08, pushing through the $100 barrier. The present price is above the 100 EMA line at $96. There is no evidence of a substantial pullback shortly.

The MACD indicator is currently in the bullish zone, with its signal point delivering a robust buy signal after passing above the MACD line during the weekend.

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