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ALGO/USD is approaching the crucial $0.20 level

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Algorand price forecast shows ALGO facing north as the RSI (14) is moving upward.

Algorand market price stats:

  • Algorand price now: $0.17
  • Algorand’s market capitalization: $1.23 billion
  • Algorand’s circulating offer: $7.1 billion
  • Algorand’s total supply: $7.3 billion
  • Algorand currency market ranking: #32

ALGO/USD market

Key levels:

Resistance levels: $0.30, $0.32, $0.34

Support levels: $0.09, $0.07, $0.05

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ALGOUSD – daily chart

ALGO/USD is currently trading around $0.17 and once it can cross above the 9-day and 21-day moving averages, the next target could be at $0.20 which is the crucial level for the coin. However, a push from here could send the price straight to around $0.0.25 while a daily bottom could be spotted at the $0.15 support. Meanwhile, if the current level fails to hold, the Algorand (ALGO) It can slide below the channel 9 minimum.

Algorand Price Prediction: Will Algorand Rise to the Upside?

the Algorand price It is now facing the upside as the coin is moving above the 21-day moving average. Therefore, if buyers can exert more efforts and push the market price towards the upper boundary of the channel, ALGO/USD may reach the $0.30, $0.32, and $0.34 resistance levels, respectively.

On the contrary, breaking the lower boundary of the channel could push the coin towards the critical support at $0.09, $0.07, and $0.05. Looking at the RSI (14) technical indicator, Algorand may start tracking an uptrend as its signal line moves to cross above the 40 level, which indicates that the coin may be trading higher.

When compared to Bitcoin, Algorand price is trying to cross the 9-day and 21-day moving average to reach the nearest resistance at 1100 SAT. Meanwhile, unless this resistance actually holds and the price ends up closing above it, there might not be any reason to expect a long-term bullish reversal.

ALGOBTC – daily chart

However, if the bears bring the currency below the lower border of the channel, it could revive lower below 1000 SAT, while a potential bearish continuation could hit support at 650 SAT and below. Moreover, if Algorand price crosses above the 21-day EMA, then heading towards the upper boundary of the channel could hit potential resistance at 1700 SAT and above. The technical indicator’s RSI (14) also confirms the upward movement as the signal line is moving to cross above the 40 level.

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Blockchain

BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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Dash 2 Tadawul – High Potential Pre-Selling

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  • Featured in Cointelegraph – $10 Million Raised
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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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