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 through the week. Its worth jumped to a excessive of $1.3032, the very best degree since September final 12 months. On the day by day chart, the coin moved above the necessary resistance level at $1.1586, the very 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 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 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 help at $1, which is about 20% under the present degree. A transfer above the necessary resistance level at $1.30 will invalidate the bearish view.
EOS chart by TradingView
Binance is likely one of the largest cryptocurrency exchanges on this planet. It’s higher suited to extra skilled buyers and it provides a lot of cryptocurrencies to select from, at over 600.
Binance can also be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, equivalent to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
Purchase EOS with Binance at this time
OKX is a high cryptocurrency alternate which provides over 140 cryptocurrencies to put money into.
OKX takes buyer safety very severely, they retailer virtually all of their purchasers’ funds in chilly storage, and the alternate is but to be hacked.
On high of this, the alternate provides very low charges and prospects may even use their crypto as collateral for loans on the platform.
Purchase EOS with OKX at this time
Immutable X worth prediction
IMX worth 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 help degree at $0.8960. On the day by 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 necessary help at $0.8367. A much bigger bullish breakout will likely be confirmed if the value strikes above the resistance at $1.3200.
IMX chart by TradingView
QuickSwap worth prediction
QuickSwap is a decentralized alternate (DEX) that has over $161 million in property. It handles over $40 million in day by day quantity, with probably the most energetic property being Wrapped Ether. It is likely one of the greatest gamers within the Polygon ecosystem.
On the day by day chart, we see that QUICK worth staged a robust 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