Crypto Price Movements As we look back at the week, Silvergate Capital’s postpone of their annual report caused its stock price to plummet by over 60%. For Bitcoin, it dropped to $22,000 while Ethereum suffered a price fall to $1,565, and Litecoin declined to $88. In this article, we will review the forecasts for some of the more popular cryptocurrencies such as EOS, IMX and QuickSwap.
EOS Price Prediction
EOS was one of the most successful cryptos of the week. It rose to its highest level since September of last year at $1.3032. On the daily chart, the coin moved past the resistance point of $1.1586. This is its highest point since January 30th. It also surpassed the ascending trend line in red.
EOS also surpassed the 25-day and 50-day moving averages. A small double top formation was formed with a neckline of $1.05. If there are not enough bulls, the price could drop sharply to $1.300. This would bring the EOS crypto value down and then test the level of $1 support, which is around 20% lower than the current value. The bearish outlook would be invalidated if the price goes above $1.30.
TradingView – EOS chart
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Immutable X Forecast
The upcoming IMX conference was a great help to the IMX price. The launch of the Illuvium NFT collection sent the price to $1.03, which was above the support level of $0.8960. The daily chart is showing a cup-and-handle pattern, which is usually a bullish signal.
It It also moved over the 50-day and the 25-day moving averages, while the MACD formed a bearish divergence. ThereforeThe Immutable X Price could experience a bullish breakout if it holds above the support level at $0.8367. If it breaks the resistance at $1.3200, it will confirm a larger bullish breakout.
TradingView IMX chart
QuickSwap cost prediction
QuickSwap (decentralized exchange) has a market capitalization of more than $161 million. It has a daily trading volume of over $40 million. The most traded assets are Wrapped Ether. It is one of the biggest players in the Polygon environment.
On On the daily chart, we can see that QUICK prices made a strong advance and reached a high of $137.08 – the highest point since July of last year. A bullish flag pattern has formed and it is trading above the 25 and 50-day moving averages. The MACD has created a bearish crossover pattern. ThereforeThe coin is likely to experience a bullish breakout in the coming days.
TradingView QUICK chart
