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If you are an active Bitcoin trader, you already know that the coin's price has fluctuated in an ever-narrowing range for a while now – making investors anxious for a possible breakout.
ADA/USDT, on the other hand, is approaching its neckline, a resistance level, and looks optimistic about overcoming the resistance and rallying to a price point of $0.60. XLM, AAVE, and CFX have geared to break their resistance levels as well – a golden yet speculative opportunity for you to make a quick buck!
In this article, let's dive deeper into the technicalities of this bull run and understand how this bull run will affect upcoming yet promising projects like signuptoken.com!
Technical analysis of the ADA/USDT pair shows us that the price of the coin is approaching an important resistance level around the $0.40 price range. This price range has caused the ADA/USDT to stumble back by about 20 points twice.
Will ADA finally overcome this resistance level? The trend and the inertia say: YES! The bears? Not so sure!
AAVE, on the other hand, is showing a minor bullish trend. Due to this, if the inertia of the trend continues, the price of AAVE can touch the price level of $82. However, $82 is a major resistance level for the AAVE/TetherUS pair, and failing to cross this level may very well cause the AAVE price to fall back to the $68 price range.
While AAVE and ADA are in an uptrend, CFX is in a minor downtrend. However, the CFX/USDT price is about to reach the 20-day EMA – threatening to pull back into an upward glide. Alternatively, if the CFX price sustains itself below the 20-day EMA level, the price of the pair may fall to its next support level, which is at $0.30.
XLM/USDT price chart has made a rounding bottom pattern and is steadily approaching the resistance level of $0.1166. Moreover, the 20-day EMA has crossed over the 200-day EMA and hence, signals the possibility of a minor uptrend. If the momentum of the trend continues, the price of XLM may reach the level of $0.15, only to hit higher highs of $0.17!
The Bitcoin price is playing around the 20-day EMA, and if the price rebounds from here to a small top, investors will go crazy, as this signals that the market sentiment is still positive. If the price of Bitcoin reaches the level of $29,000, it is not a long shot to state that the price of the coin may also rally upwards of $30,000 to reach the high of $32,000.
However, if the price of Bitcoin does not rebound from its 20-day EMA, it is very likely that the coin's price will fall to its support level of $25,250.
Who does not like profits? The potential poised by the above-stated coins gives crypto investors the hope of earning some profit. Hence, garnered more attention in the crypto industry.
This increase in enthusiasm in the crypto market is going to alleviate the potential of upcoming projects like signuptoken.com.
Moreover, promising projects like signuptoken.com are already taking the spotlight for themselves. Not only have they already garnered more than 3,200 email registrations, but they also continue to grow at a phenomenal rate every day!
Why wouldn't they? After all, they do not require you to have any financial expenditure to become a part of the DeFi system. Yes, their presale does not involve any financial commitment! All you need is your mail, and you are good to go!
Don't skip out on your share of the profits! Join the DeFi world with signuptoken.com today!
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken_
Telegram: https://t.me/SignUpToken
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
