0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 176.91 Mn at the time of writing. Key levels to watch out for:- On Daily Time Frame, ZRX has been consolidating for the past 5 days after giving the breakout from the level of ~$1.9. It seems eminent to continue its upward momentum...
With the Total Value Locked in DEX at record highs (~19.2 Bn), Curve has reserved its second spot in the list with ~$4.8 Bn locked in its protocol. On a 4 Hour Time Frame, Curve has been forming a Cup and Handle pattern . Key levels to watch out:- As depicted in the chart, the resistance is placed at ~$3.3 , Breakout from the pattern may trigger the rally to the...
Cosmos referred to as “Blockchain 3.0” is a network connecting many independent distributed ledgers (e.g., Ethereum, Bitcoin) to achieve interoperability across blockchains. Its goal is to "create an Internet of Blockchains", i.e., "a network of blockchains where each participant is able to communicate with each other in a decentralized way". Key Levels to watch...
0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 173 Mn at the time of writing, up~49% in the past 24 hours. Key levels to watch out:- On Hourly Time Frame, ZRX has been consolidating between $2.32 and $2.2 . It looks adamant to give the breakout from the range to reach the...
From the past 7-8 weeks, LTC has been trading in a sideways trend with upper and lower bands at $230 and $160 respectively. After its recent high of $247, LTC took a dip and corrected by more than 30%. However, it started this week with a bang as it is already up by +15% on the weekly basis. On the daily TF, it formed a Double bottom kind of formation and seems...
EOS is a Smart Contract Infrastructure similar to Ethereum that allows developers to build decentralized apps (Dapps) on its platform. On Hourly Time Frame, EOSUSDT has been taking support at 20 and 50 DEMA and looks interesting to rally to new highs. Key Levels to watch out:- EOS has been trading in a Rising Channel Formation and is showing intent to move to...
In the year 2021, VeChain has given mammoth returns of ~420% till date. VeChain, a blockchain-powered supply chain platform that aims to create an ecosystem that solves some of the major problems with supply chain management. Key Levels to watch out:- On the 4 Hourly Time Frame, VETUSDT has been trading in a Symmetrical Triangle Pattern and is currently trading...
Since March, Ontology has been trading in a Rising Channel . On 4 Hr Time Frame, ONTUSDT has taken support from the lower band of the channel and is again ready to move in the channel. The support to the lower side is present at $1.13 while the upper band of the channel may act as resistance placed at $1.47 .
Siacoin is the native utility token of Sia blockchain, a decentralized cloud storage platform. It acts as a trustless marketplace wherein users can lease access to their unused storage space. On 1 hr Time Frame, Siacon has been trading in a Falling Wedge formation. At the time of writing, it has given a breakout from the pattern and is also currently trading...
TRON is a distributed blockchain that enables developers to create smart contracts and decentralised applications, freely publish them, own and store data and other contents. On March 27, 2021, TRX has been trading in an Ascending Triangle . It is trading near the resistance, breakout from which may propel the bullish move to new highs . Key Levels to watch out...
With the Total Value Locked in DEX at record highs (~$17.5 Bn), Curve has reserved its second spot in the list with ~$4.5 Bn locked in its protocol. After hitting its recent low of $1.625, CRV has been forming higher highs and higher lows, which depicts that next upswing rally is on the cards. Key levels to watch out:- On the 4Hr TF, CRV has retracted back to...
With the Total Value Locked in Lending Protocols at record highs (~21.1 Bn), Compound has reserved its second spot in the list with ~$6.22 Bn locked in its protocol. ON 4 Hourly Time Frame, COMP has been trading in a Symmetrical Triangle and has given a breakout from the pattern. Key Levels to watch out :- The support to the lower side is present at $420 ...
With the NFT season looming, Enjin Network, a social gaming platform presents huge potential to rally to new highs fueled by the recent hype around NFT. On 4 Hr Time Frame, Enjin Coin has been trading in the Falling Wedge formation since March 15. It has given a decent breakout from the pattern and is currently trading above 20 and 50 EMA. The support to the...
Ocean Protocol is a Dapp built on Ethereum blockchain that allows individuals and businesses to monetize their data. Since Jan 9, 2021, Ocean has been trading in a Rising channel . On the 4 Hr Time Frame, Ocean has taken support from the lower band of the channel and has formed a strong bullish candle . The support is present at $1.13 while the resistance...
Enjin Network, a social gaming platform presents huge potential to rally to new highs fueled by the recent hype around NFT wherein Beeple’s NFT was sold for ~$69 Mn. ENJ Coin has been forming a Falling Wedge Formation. On 4 Hr Time Frame, Enjin Coin has been trading in the Flag formation since March 15. It has given a decent breakout from the pattern and is...
With $2.97 Bn locked in the derivatives segment, Synthetic holds ~82.1% dominance in this niche. SNX hit its All-Time High of ~$28.98 on Feb 14. Since then, it has been consolidating in an Ascending Triangle and has given a breakout at the time of writing. Key Levels to look out for: The support is present at ~$18.5, and the bull rally is most likely to...
Balancer is among the top 10 DeFi assets in terms of TVL on its protocol. Currently, $1.5 Bn is locked on its protocol. After hitting its All-Time High on Feb 12, it retraced back and was continuously taking support from the 20 DEMA. On March 6, it appreciated by ~17% and is currently indicating a continuation of the bullish trend. On 1 Hr Time Frame, It has...
Reef Finance- a project built on Polkadot, that aims to be a multi-chain smart yield engine and liquidity aggregator was a portfolio product of the Binance Launchpool. On the Daily Time Frame, Reef has been taking support from the 20 and 50 DEMA, the trendline support is also present at the same levels suggesting the level of ~ $0.0373 to be a strong demand...