Schlagwort: crypto business

Uniswap (UNI) ended the week sharply lower after less than impressive CPI data from the US. But despite this selling pressure, the outlook on the token is bullish, at least in the near term. Analysis to follow below, but here are some highlights:

• At press time, the coin was trading at $10.55, down by around 9% in 24 hours

• Uniswap (UNI) also saw some bear pressure at the end of the trading week Friday.

• But there is still a chance the coin could easily bounce back to $16 in the coming few days.

Data Source: Tradingview

Uniswap (UNI) – Price prediction and analysis

As Friday trading was closing in, it was clear that UNI was on the edge. The coin was trying to find sufficient demand around the $11 mark. However, this did not happen. Although $11 proved to be a strong support zone, UNI fell below that. 

At press time, the coin was trading at around $10.55. However, it seems that UNI has stopped the bleeding. It is retesting the $11 mark, and we expect it to rise above that soon. The big challenge now will be to see if there is enough demand at the $11 support zone. 

Based on the trends in the market and indicators on the chart, it is likely that the coin will rise sharply from $11. We expect it to bounce back to $16 or thereabout.

Should you invest in Uniswap?

Uniswap (UNI) is the biggest decentralised exchange on the Ethereum chain. It may not be one of the biggest tokens in the market, but it has attracted a lot of investors. If you are looking for a proven asset with a consistent history of delivering returns, then UNI is perfect. Also, there is an opportunity for a short-term play here for bulls who want to ride the uptrend toward $16.

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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.

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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.

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