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Cryptocurrency costs plunged this week after Silvergate Capital postponed its annual report, pushing its inventory worth down by over 60%. Bitcoin plunged to $22,000 whereas Ethereum worth retreated to about $1,565. Litecoin plunged to $88. On this article, we’ll have a look at the forecast of a few of the high cryptocurrencies like EOS, IMX, and QuickSwap.
EOS worth prediction
EOS was one of many best-performing blue-chip cryptocurrencies through the week. Its worth jumped to a excessive of $1.3032, the best degree since September final yr. On the every day chart, the coin moved above the vital resistance level at $1.1586, the best level on January thirtieth. It has additionally risen above the ascending trendline proven in purple.
EOS has additionally risen above the 25-day and 50-day shifting averages. It has shaped a small double-top sample whose neckline is at $1.05. Subsequently, there’s a probability that the value will retreat sharply if there will not be sufficient bulls to push it above the double-top degree of $1.300.
If this occurs, EOS crypto worth will drop and retest the important thing assist at $1, which is about 20% under the present degree. A transfer above the vital resistance level at $1.30 will invalidate the bearish view.
EOS chart by TradingView
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Immutable X worth prediction
IMX worth 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 vital assist degree at $0.8960. On the every day chart, Immutable X has shaped 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 shaped a bearish divergence sample. Subsequently, the Immutable X worth will seemingly have a bullish breakout so long as it’s above the vital assist at $0.8367. An even bigger bullish breakout might be confirmed if the value strikes above the resistance at $1.3200.
IMX chart by TradingView
QuickSwap worth prediction
QuickSwap is a decentralized trade (DEX) that has over $161 million in belongings. It handles over $40 million in every day quantity, with probably the most lively belongings being Wrapped Ether. It is likely one of the greatest gamers within the Polygon ecosystem.
On the every day chart, we see that QUICK worth staged a powerful restoration and reached a excessive of $137.08, the best level since July final yr. It has shaped a bullish flag sample and moved above the 25-day and 50-day shifting averages. The MACD has shaped a bearish crossover sample. Subsequently, the coin will seemingly have a bullish breakout within the coming days.
QUICK chart by TradingView
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