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 number of the high cryptocurrencies like EOS, IMX, and QuickSwap.
EOS worth prediction
EOS was one of many best-performing blue-chip cryptocurrencies in the course of the week. Its worth jumped to a excessive of $1.3032, the best degree since September final yr. 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 crimson.
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 should not 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 help at $1, which is about 20% beneath the present degree. A transfer above the necessary 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 necessary help degree 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 shifting averages whereas the MACD has shaped a bearish divergence sample. Subsequently, the Immutable X worth will possible have a bullish breakout so long as it’s above the necessary help at $0.8367. A much 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 change (DEX) that has over $161 million in property. It handles over $40 million in day by day quantity, with essentially 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 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 possible have a bullish breakout within the coming days.
QUICK chart by TradingView
