The encryption market made some improvements today, June 14, as investors bought the decline after Friday’s failure. Bitcoin price was fixed above 105,000 dollars, while the market value of all symbols increased to $ 3.4 trillion.
This article provides a prediction of the highest encrypted currencies such as the pocket network (POKT), status (SNT), MAP (MAPO), and sky (Sky).
Predicting the price of the pocket network
The daily graph shows that the price of the pocket network has reached $ 0.008425 in April. This recovery occurred after a long period of monotheism, which, in this case, was the accumulation period for Wyckoff.
Then the Pokt price increased after Upbit, which is the largest South Korean encryption exchange. He also jumped after the developers made a major upgrade. This increase led her to an increase of $ 0.0975, its highest point since June 13 of last year.
Then the price of the pocket network declined amid profits between the encryption investors. He decreased to a decrease of $ 0.04650, and its lowest point on June 9.
This withdrawal was part of the formation of the handle section in the cup and processing style. This cup has a depth of about 90 %.
Therefore, measuring this distance from the upper side of the cup gives it a target of $ 0.1400, which is the highest swing since May 17. The decrease without support at $ 0.046 will nullify the bullish offer.
Status price expectations
The price of the distinctive code for the situation is $ 0.01598 in April with the collapse of the encryption market It happened. This was noticeable because it coincided with the slightest swing in August last year. It was the double neck point that was the neckline at $ 0.0849.
The distinctive symbol of the situation moved over the average transfer of 50 days and 100 days. It has also moved over the rising trend line that connects the slightest swing since April 9.
The bullish trend is likely to continue as long as it is higher than the moving averages and the rising trend line. The main point to be monitored will be at $ 0.056, the highest point on May 29, which is less than 70 % of approximately than the current level. The decrease will be at the bottom of the upward direction line to nullify the bullish supply.
Technical analysis of the map protocol price
The daily chart shows that the MAP protocol code decreased to $ 0.0039 in April and exceeded uniformity as part of the accumulation phase of WyckFF theory. Then he went on Friday, as it reached a height of $ 0.010, its highest point on February 2.
This increase occurred after adding the distinctive symbol to Burrito Wallet, a leading wallet provider.
The price of the MAP protocol remains higher than the SIA moving average for 50 days and 25 days. MACD and RSI indicated to the top and moved to the level of peak.
Therefore, the most likely scenario is the place where the map protocol code declines in the next few days as investors get profits. If this happens, the next point to be monitored will be at $ 0.0060. The step of more than $ 0.01 will nullify the MAPO expectations.
Sky Protocol price expectations
Sky Protocol, previously known as Maker, reached $ 0.032 in February this year. It has formed an upward channel, including a series of higher heights and higher decreases since March 9.
The current sky price is just lower than the upper side of the channel. I also moved a little higher than EMA for 50 days and 25 days, while the Macd indicated up.
Therefore, the distinctive symbol is likely to continue as the bulls target the main resistance level at $ 0.10. The alternative scenario is where the sky price declines and re -test the underside of the channel at $ 0.070.
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