Public encryption prices started with a strong observation, as Bitcoin increased to more than $ 8,7500 and ETHEREUM rose to $ 1,340. The total market value of all cryptocurrency coins jumped by Coinmarketcap to $ 2.76 trillion. This article provides expectations for higher symbols such as stellar touches (XLM), decentralization (mana), and chimneys (STX).
Technical analysis of stellar prices
Stellar is one of the best players in the encryption market. He is often seen as a cousin Ripple because he was created by Jed McCaleb, one of the founders of Ripple Labs. Like Ripple, it is also in the border payment industry.
The astral price often follows the price of XRP, which means that it may track its performance. As we wrote earlier, there is a possibility that the XRP code will jump up to 50 % in the coming weeks.
The stellar price shaped a sling pattern decreased on the daily chart. As shown above, the upper side of this style connects the highest fluctuations since January 16. The underside links the lowest fluctuations since December 20 last year.
These two lines are about to intersection, as the price of XLM has risen above the upper limits. The volatile oscillators such as the RSI and the oscillaric oscillators are all up to the top.
Therefore, the distinctive symbol is likely to continue to rise, with the next point of up to $ 0.4041. To get this goal, we measure the bulk of the falling sorry pattern, then the same distance from the top side of the coup. This performance will be confirmed if the price exceeds the moving average for 50 days at $ 0.2670.
The decrease below the underside of the sorry at 0.1974 dollars will nullify the upcoming expectations and indicate more from the negative side, and perhaps to $ 0.10.
Decentralized prices analysis
Decentralland is one of the most popular players in the game and specifications industry. Mana, the distinguished symbol wore in the past few weeks, has moved from a decrease of $ 0.1898 earlier this month to the current $ 0.3361.
The symbol formed a dual -bottom giant style at $ 0.2115, the slightest swing it in August last year and April. The double bottom is one of the most budget patterns in technical analysis.
The distinctive symbol moves over the moving average for 50 days, while the RSI indicated the top. It also formed a reflected chart of the head and shoulder, which is a famous upscale reversal sign.
Therefore, the currency is likely to continue as the bulls target the next main psychological point at $ 0.50, which is approximately 60 % over the current level. The decrease under the psychological point at $ 0.25 will invalidate the upcoming expectations.
Price analysis chimneys
Stacks, the famous Bitcoin Sidechain, has performed a good performance over the past few days, with the distinctive symbol of stability marks at $ 0.5850. It has risen a little in the past four days, such as Total closed value (TVL) on the network has increased by 25 % in the past seven days to 167 million dollars.
The STX code formed the bullish spacing pattern where the RSI is rising and MACD indicators. It also formed a dual -bottom pattern at $ 0.5650.
Therefore, the distinctive symbol is likely to maintain its height as the bulls target the next key resistance level at $ 1, which is more than 45 % over the current level. The decrease under the main support at $ 0.5650 will nullify the bullish supply.
Other encryption currencies to watch
There are other encryption codes that show strong potential this week. Some of these things are the sand box (sand), injection (ing), near the (near) protocol, firkkin, and Kharique.
