Bitcoin price rises as ADA, XLM, AAVE and CFX prepare for a bull run
If you’re an active Bitcoin trader, you already know that the coin’s price has been fluctuating in an increasingly restrictive range for some time now – making investors anxious about a possible breakout.
ADA/USDT, on the other hand, is approaching the neck, a resistance level, and looks optimistic to overcome the resistance and reach a price point of $0.60. XLM, AAVE and CFX have targeted to break their resistance levels as well – a golden yet speculative opportunity for you to make money!
In this article, let’s dive deeper into the technicalities of this bull run and understand how this bull run will affect upcoming but promising projects like signuptoken.com!
ADA, AAVE, CFX and XLM are on the move!
Technical analysis of the ADA/USDT pair shows us that the price of the coin is approaching an important resistance level around the $0.40 price range. This price range has caused ADA/USDT to stumble back by about 20 points twice.
Will the ADA finally overcome this level of resistance? The trend and inertia say: YES! The bears? Not so sure!
AAVE, on the other hand, shows a less bullish trend. Because of this, if the sluggishness of the trend continues, the price of AAVE may touch the price level of $82. However, $82 is a major resistance level for the AAVE/TetherUS pair and failure to cross this level could very well cause the AAVE price to fall back to the $68 price range.
While AAVE and ADA are in an uptrend, CFX is in a minor downtrend. However, the CFX/USDT price is about to reach the 20-day EMA – threatening to pull back in an upward slide. Alternatively, if the CFX price stays below the 20-day EMA level, the price of the pair may fall to the next support level, which is at $0.30.
XLM/USDT price chart has made a rounding bottom pattern and is steadily approaching the resistance level of $0.1166. Also, the 20-day EMA has crossed the 200-day EMA and therefore signals the possibility of a minor uptrend. If the trend continues, the price of XLM could reach the level of $0.15, only to reach higher highs of $0.17!
All eyes on Bitcoin
Bitcoin price is playing around the 20-day EMA and if the price pulls back from here to a small top, investors will go wild as this signals that market sentiment is still positive. If the price of Bitcoin reaches the level of $29,000, it is not far-fetched to say that the price of the coin could also rise above $30,000 to reach the high of $32,000.
However, if the price of Bitcoin does not bounce back from its 20-day EMA, it is very likely that the coin’s price will fall to the $25,250 support level.
What do these market movements mean for upcoming projects like Signuptoken.com?
Who doesn’t like profit? The potential of the above coins gives crypto investors hope to make some profit. Therefore received more attention in the crypto industry.
This increase in enthusiasm in the crypto market is going to alleviate the potential of upcoming projects like signuptoken.com.
Also, promising projects like signuptoken.com are already taking the spotlight for themselves. Not only have they already received more than 3,200 email signups, but they also continue to grow at a phenomenal rate every day!
Why wouldn’t they? After all, they do not require you to have any financial expenses to become a part of the DeFi system. Yes, their pre-sale involves no financial commitment! All you need is your mail and you’re good to go!
Don’t skip your share of the profits! Join the world of DeFi with signuptoken.com today!
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