Cryptocurrency prices plunged this week after Silvergate Capital postponed its annual report, pushing its inventory value down by over 60%. Bitcoin plunged to $22,000 whereas Ethereum value retreated to about $1,565. Litecoin plunged to $88. On this article, we’ll take a look at the forecast of a number of the prime cryptocurrencies like EOS, IMX, and QuickSwap.
EOS value prediction
EOS was one of many best-performing blue-chip cryptocurrencies in the course of the week. Its value jumped to a excessive of $1.3032, the best degree since September final 12 months. On the every day chart, the coin moved above the essential resistance level at $1.1586, the best level on January thirtieth. It has additionally risen above the ascending trendline proven in pink.
EOS has additionally risen above the 25-day and 50-day shifting averages. It has fashioned a small double-top sample whose neckline is at $1.05. Subsequently, there’s a probability that the worth will retreat sharply if there usually are not sufficient bulls to push it above the double-top degree of $1.300.
If this occurs, EOS crypto value will drop and retest the important thing assist at $1, which is about 20% beneath the present degree. A transfer above the essential resistance level at $1.30 will invalidate the bearish view.
eToro
eToro affords a variety of cryptos, resembling Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, be taught from, and duplicate or get copied by different customers.
Binance.US
Binance.US offers safe and dependable entry to the world’s hottest cryptocurrencies, with a number of the lowest charges within the trade.
Immutable X value prediction
IMX value had a powerful week, helped by the upcoming Illuvium NFT assortment launch. It was buying and selling at $1.03, which was barely above the essential assist degree at $0.8960. On the every day chart, Immutable X has fashioned a cup and deal with sample, which is normally a bullish signal.
It has additionally moved above the 25-day and 50-day shifting averages whereas the MACD has fashioned a bearish divergence sample. Subsequently, the Immutable X value will doubtless have a bullish breakout so long as it’s above the essential assist at $0.8367. A much bigger bullish breakout will probably be confirmed if the worth strikes above the resistance at $1.3200.
QuickSwap value prediction
QuickSwap is a decentralized alternate (DEX) that has over $161 million in belongings. It handles over $40 million in every day quantity, with essentially the most lively belongings being Wrapped Ether. It is without doubt one of the greatest gamers within the Polygon ecosystem.
On the every day chart, we see that QUICK value staged a powerful restoration and reached a excessive of $137.08, the best level since July final 12 months. It has fashioned a bullish flag sample and moved above the 25-day and 50-day shifting averages. The MACD has fashioned a bearish crossover sample. Subsequently, the coin will doubtless have a bullish breakout within the coming days.
