Cryptocurrency costs 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 are going to take a look at the forecast of a few of the high cryptocurrencies like EOS, IMX, and QuickSwap.
EOS value prediction
EOS was one of many best-performing blue-chip cryptocurrencies throughout the week. Its value jumped to a excessive of $1.3032, the best stage since September final 12 months. On the day by day chart, the coin moved above the necessary 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 transferring averages. It has shaped a small double-top sample whose neckline is at $1.05. Due to this fact, there’s a chance that the worth will retreat sharply if there aren’t sufficient bulls to push it above the double-top stage of $1.300.
If this occurs, EOS crypto value will drop and retest the important thing assist at $1, which is about 20% under the present stage. A transfer above the necessary resistance level at $1.30 will invalidate the bearish view.
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Immutable X value prediction
IMX value had a robust week, helped by the upcoming Illuvium NFT assortment launch. It was buying and selling at $1.03, which was barely above the necessary assist stage at $0.8960. On the day by 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 transferring averages whereas the MACD has shaped a bearish divergence sample. Due to this fact, the Immutable X value will probably have a bullish breakout so long as it’s above the necessary assist at $0.8367. An even bigger bullish breakout might be confirmed if the worth strikes above the resistance at $1.3200.
QuickSwap value prediction
QuickSwap is a decentralized trade (DEX) that has over $161 million in property. It handles over $40 million in day by day quantity, with probably the most lively property being Wrapped Ether. It is among the largest gamers within the Polygon ecosystem.
On the day by day chart, we see that QUICK value staged a robust restoration and reached a excessive of $137.08, the best level since July final 12 months. It has shaped a bullish flag sample and moved above the 25-day and 50-day transferring averages. The MACD has shaped a bearish crossover sample. Due to this fact, the coin will probably have a bullish breakout within the coming days.