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 take a look at the forecast of among 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 very best degree since September final 12 months. On the every day chart, the coin moved above the essential resistance level at $1.1586, the very 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 fashioned 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 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 help at $1, which is about 20% under the present degree. A transfer above the essential 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 essential help degree at $0.8960. On the every day chart, Immutable X has fashioned a cup and deal with sample, which is often a bullish signal.
It has additionally moved above the 25-day and 50-day transferring averages whereas the MACD has fashioned a bearish divergence sample. Due to this fact, the Immutable X worth will probably have a bullish breakout so long as it’s above the essential help at $0.8367. A much bigger bullish breakout will likely be confirmed if the worth 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 every day quantity, with probably the most lively property being Wrapped Ether. It is among the largest 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 very best level since July final 12 months. It has fashioned a bullish flag sample and moved above the 25-day and 50-day transferring averages. The MACD has fashioned a bearish crossover sample. Due to this fact, the coin will probably have a bullish breakout within the coming days.
QUICK chart by TradingView