The highest encryption prices remained under pressure this week, as the market participants focused on the ongoing trade war between the United States and other countries. Bitcoin was stuck about $ 84,000, while the Crypto Fear and Greed index moved to the fear area on 25. This article provides expectations for some famous cryptocurrencies such as Mantra (OM), ONYXCOIN (XCN), and IOTA (IOTA).
OMA talisman analysis (om)
Mantra, one of the highest -performance encrypted currencies in 2024, suffered a harsh reflection this week, as a value of more than $ 7 billion is wiped. It was still unclear the cause of the accident, even when the administration blamed the forced liquidation with one first -class exchange.
The price of the Mantra remained under pressure, even when the developers shared their strategies to win the users. The new strategy includes the purchase of millions of symbols in the open market and the release of many of them. Patrick Moulin, its founder, pledged to burn all its symbols.
In response to the important and unexpected price procedures it suffers from $ om Earlier this week, our team collected this fact -based evaluation. It addresses our society’s questions and defines measures to enhance market flexibility. Our investigation
Try to wear the price of the mantra, but it found great resistance as many buyers avoided hunting a falling knife. He remained less than one dollar, and every intermediate average, while all the oscillator referred down, a sign that the declining momentum remains.
The price of the Mantra also formed a declining gray style, characterized by a vertical line and a triangle formation. Therefore, the distinctive symbol is likely to continue to decrease as sellers target the next main support level at $ 0.3750, which is its lowest level this week.
All a rebound ball is likely to be a wrong hormone, also known as a dead cat. The wrong collapse is a temporary recovery during the declining direction that results in a decreased direction.
IOTA (IOTA)
The price of the IOTA icon has remained in the deep bear market this year, reflecting the performance of most Altcoins that crashed this year.
The decrease occurred even as the network is ready for the most important upgrade in history. This promotion, known as Rebased, will provide new features that will help IOTA to be an applicable alternative to chains like Solana and Ethereum.
IOTA will provide full decentralization with the features of the referendums, movement -based smart contracts, and faster speeds than other famous Blockchains.
The team has not announced the date of the REBASES upgrade, but the rumors show that this will happen next week.
IOTA PRICE formed a falling spoil style, a famous upscale signal sign, which means that it is likely to rise forward or after the promotion of the promotion.
Technical analysis of ONYXCOIN
The daily chart shows that the distinctive XCN symbol is often transmitted, leading to great short pressure. For example, it rose from $ 0.0014 in January and reached its climax at $ 0.0495 in a few days. This increase resulted in accusations of market manipulation by Justin Sun.
Then Xcn wiped some of these gains and decreased to a decrease of $ 0.00755 earlier this month. As in January, the distinctive symbol suddenly woke up last week and rose by 270 %, and moved to an increase of $ 0.027.
The distinctive symbol remains less than 61.8 % of Fibonacci’s spread, which is a sign of losing momentum. All oscillators such as RSI and MACD have declined in the past few days.
Therefore, there is a risk that it will continue to decrease as it moves to the distribution stage of Wyckoff method. If this decrease continues, there is a risk to move to the psychological point at $ 0.01, or about 58 % less than the current level.
However, on the positive aspect, the price of the fall of the falling spoiler style, characterized by falling lines and rapprochement. It often leads to a strong upward outbreak.
