Kategorie: Crypto Analysis

Monero (XMR) has seen some decent rallies in recent days. However, the coin has failed to surge past a crucial supply zone, falling sharply from there. So, what is next for this popular privacy token? Well, some analysis to follow below but first, here are some highlights:

• Monero (XMR) has struggled to clear the crucial $180 supply zone and has fallen sharply every time

• At press time, the privacy token was trading at around $168, down by about 6% in 24-hour intraday trading.

• Bulls must transform $180 from a supply to a demand zone if XMR will rally further above $200.

Data Source: Tradingview 

Monero (XMR) – Price prediction and analysis

Monero (XMR) has had its ups and downs over the years. The coin has faced several regulatory issues and had to be delisted in some major exchanges. But this has not stopped the coin from truly surging. 

After coming under severe selling pressure at the start of the year, XMR has recovered sharply. But bulls have struggled to take the price action above the $180 supply zone. As traders take profit at this zone, XMR has fallen sharply every time it has tested that threshold. 

If bulls are going to take XMR above $200, they must overcome the $180 mark. If they don’t, then it is likely the coin will fall back to its current demand zone of $140. At the time of writing, Monero (XMR) was trading at $168.

Is Monero (XRM) worth buying?

A lot of privacy tokens have come out in the last few years. But Monero (XMR) still ranks among the most successful ones. After hitting highs of $519 in May last year, XMR has failed to retest those levels again. 

This downtrend gives dip buyers a perfect chance to get in. While it may take longer for XMR to return to $500, there is still enough upside to make good returns from the current price.

The post Monero (XMR) Falls again from the crucial $180 supply zone – What next for bulls? appeared first on Coin Journal.

The overall outlook for VeChain (VET) over the last two weeks has been positively bullish. The coin has joined other crypto assets in posting some decent climb. However, we have seen a general pullback in recent days. Here are some highlights:

• Despite surging the last two weeks or so, VET has slowed with a significant pullback in the price.

• At the time of writing, VET was down by nearly 12%, trading at $0.05613 in intraday trading.

• However, the coin could still retest overhead resistance at $0.075 even with this decline.

Data Source: Tradingview 

VeChain (VET) – How soon can it get to $0.075

There was some hope that the crypto market had put the dark days of January behind it. Most coins led by the mega-caps like Bitcoin and Ethereum were all surging in February. But the much-expected pullback appears to be taking shape, and VET is seeing the effects. 

The coin is now trading 12% lower compared to 24 hours ago at around $0.05617. But this is by no means a bearish outlook. We still expect VET to test the $0.075 overhead resistance in the coming days. 

If indeed this happens, it will bring gains of nearly 50% from the current level. VET could also go on to hit $0.096 as well. But if bulls don’t hold above $0.05, more weakness could follow.

Is VeChain (VET) a good investment?

VeChain is an enterprise-grade layer 1 smart contract blockchain that was launched in 2017. The aim of VeChain is to develop an advanced blockchain ecosystem designed to address some of the hurdles associated with the usage of data in various industries. 

Ever since its launch, its native token VET has seen some decent gains. It is a good long-term bet, and its $3 billion market cap leaves enough room for upside growth.

The post VeChain (VET) looks poised to test $0.075 even as the coin falls sharply in intraday trading today appeared first on Coin Journal.

Since September last year, EOS (EOS) has been on a massive downtrend. The coin has sparked a bit, but the general outlook ever since has been downward. There was however some hope that the rally in recent days could trigger a sustained climb. It did not happen, and here are some highlights:

• At press time, EOS (EOS) had fallen by nearly 8% over the last 24 hours, trading at around $2.38

• The coin has however rallied by nearly 40% over the last two weeks.

• Despite this surge, crucial indicators show that EOS (EOS) still remains in the bear market.

Data Source: Tradingview.com 

EOS (EOS) – when will the downtrend break?

We will need to see some sustained gains over a longer period of time for EOS (EOS) to report a decisive breakout on the up. The $3 dollar mark appears to be a crucial resistance zone. We did see EOS (EOS) climb past that late last year but failed to hold any gains. 

In fact, some analyst argues that surging above $3 will be decisive for EOS (EOS) in its effort to transition into a bull run. Besides, the RSI readings are neutral, suggesting that there is enough potential for the token to surge. 

At the time of writing, EOS (EOS) was trading at $2.62. There is still some way to go before $3, but going by recent rallies, it is possible.

Why you should buy EOS (EOS)?

There are hundreds of crypto assets that must be in your portfolio, and EOS (EOS) is one of them. The platform bills itself as the ultimate DAPP development suite. 

It simply gives developers the tools to create and deploy innovative decentralised apps. At the moment, EOS (EOS) has a market cap of around $2.3 billion. This makes it a decent option for unlocking long-term value.

The post EOS (EOS) fails to break downtrend despite reporting significant rally over the last week or so appeared first on Coin Journal.

Key Points: 

• Ethereum and Binance coin are among the safest altcoins in the market.

• Both have the fundamentals to see them rally in 2022.

• Ethereum has an edge this year due to the completion of the shift to Eth2.0. 

Ethereum (ETH)

Ethereum is the first blockchain network that allows anyone in any country to transact with cryptocurrency without intermediaries. It also supports smart contracts, allowing developers and entrepreneurs access digital money – all while keeping it decentralized so no single entity can take down this open-source project! It is a programmable blockchain that can also be used for Bitcoin transactions. This makes it an amazing tool in the digital world because you’re able to do anything, including buying goods from different apps or websites and supporting different applications such as games and finance.

Binance coin (BNB)

The Binance Coin (BNB) is the cryptocurrency that pays fees on the Binance exchange.  The coin has many applications, including being an investment opportunity for several platforms such as stocks or ETFs in addition to other assets like loans collateralized by this crypto: The token also powers certain apps where users split bills paying through what would otherwise turn out to be expensive transactions. BNB also supports loans and transfers and entertainment through for instance purchasing tickets online.

Which one is a better buy?

Both Ethereum and Binance coin are awesome investments. They have growth potential and are among the safest altcoins in the market.

However, this year Ethereum has a lot of news going for it this year that it could pale Binance coin in gains. One of the key factors likely to drive its growth is the completion of the Ethereum 2.0 transition later in the year.

Ethereum 2.0 will make Ethereum scale better, and its gas prices will be much lower than ever before. Ethereum’s deflationary features will drive up demand for ETH as demand grows. 

All these and the rising bullish momentum in the broader market could see Ethereum rocket to prices rocket to new highs this year.

The post Ethereum v Binance Coin: Why ETH could outperform BNB in 2022 appeared first on Coin Journal.

IOTA (MIOTA) has been trading below the psychologically crucial $1 mark over the last few days. However, looking at other technical indicators, the coin still has a bullish outlook. Once it breaks above $1, expect more gains to follow. Analysis to follow below but here are some highlights:

• Despite falling under $1, MIOTA is still trading above its 20- and 50-day simple moving averages

• At press time, the coin was trading for $0.95, down about 3% compared to the last 24 hours.

• For any bullish rally to occur, MIOTA must test both the 100- and 200-day SMAs in the coming days.

Data Source: Tradingview 

IOTA (MIOTA) – Price analysis and prediction

For the last few days, IOTA has moved largely sideways. Although it has rallied with other crypto assets in the last week, we have seen the price action slow a bit with minimal volatility. 

But most investors are watching to see if the coin can cross over the psychologically crucial mark of $1. If this happens, it is likely that MIOTA will test the overhead resistance of $1.7. Even if it doesn’t cross that threshold, by simply getting near, investors could pocket gains of nearly 40% in the short term. 

Also, the RSI appears to support this bullish thesis. But if indeed MIOTA fails to cross $1, it will fall to the next support of $0.7 before it finds sufficient demand to surge again.

Is IOTA (MIOTA) a good coin to buy?

IOTA is a decentralised ledger that is not actually a blockchain. It is designed to offer the benefits of traditional blockchains without the added high fees and slow speeds. IOTA remains an underrated project, and as concerns for network efficiency rise in the future, its proprietary technology will be hot.

 At $2.2 billion in market cap, there is a very real chance that MIOTA could surge even further in the future. It is a great buy for long-term crypto investors looking to unlock value.

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