Cardano (ADA)
Cardano (ADA)
$1.37 (5.05 %) View coin |
Callisto Network (CLO)
Callisto Network (CLO)
$0.006204 (-7.28 %) View coin |
Verasity (VRA)
Verasity (VRA)
$0.011717 (-2.37 %) View coin
Newsletter
31 May 2021

3 coins to keep an eye on | Issue #132

Hello everyone!

Last week, Bitcoin covered an 18.4% range before closing the week near $35,675 - about 2.6% higher than the week's opening price.

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The altcoin marketcap climbed with Bitcoin, beginning the week near $634 billion before ending the week near $866 billion.

While we wait to see if Bitcoin breaks up or down from its current consolidation, here are three altcoins selected by the community with events on CoinMarketCal next week to keep an eye on.

@tradeprophet


Cardano (ADA)

Cardano (ADA)

Price
$1.63 (1.24 %)
฿0.00004467 (-2.12 %)

Market Cap
$52 126 537 141
฿1 430 508.26

Volume (24h)
$5 246 275 779
฿143 876.73

Exchange
Crypto.com

ADA's 97% climb during early May returned to the monthly open, sweeping lows several times down to $1.0100.

Last week, the price bounced from the monthly open near $1.3530 again, creating possible support near $1.5624. A quick sweep of this recent swing low could reach into a support area near $1.3350, while a sharp downturn in the market is likely to run for the relatively equal lows near $1.0100.

If the price breaks through the closest significant resistance near $1.7791, the swing high at $1.8320 is a likely target. This move could reach the daily gap near $1.9487.

Strong bullish momentum could propel the price to resistance near $2.1754. If this move occurs, the significant swing high near $2.4700 provides a reasonable goal.

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Callisto Network (CLO)

Callisto Network (CLO)

Price
$0.014353 (17.67 %)
฿0.00000039 (13.92 %)

Market Cap
$40 391 451
฿1 107.65

Volume (24h)
$324 017
฿8.89

Exchange
Crypto.com

CLO spent the month of May ranging across the monthly open, reaching 26.5% over and 45% below.

The price is currently consolidating between adjacent resistance and support at $0.012389 with no clear higher-timeframe trend. A strong move over the monthly open could signal a run to resistance beginning near $0.018949. 

This move would likely target the swing high at $0.018500 and relatively equal highs near $0.019203. A sustained bullish trend could reach up to the April high near $0.027000.

Bulls might see a sweep of the relatively equal lows near $0.008459 as a chance to buy at a discount. If this level fails to hold, the next significant area for the price to find buyers is likely near the consolidation around $0.005640 that began March's bullish trend.

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Verasity (VRA)

Verasity (VRA)

Price
$0.014891 (23.06 %)
฿0.00000041 (18.97 %)

Market Cap
$96 527 779
฿2 678.12

Volume (24h)
$17 683 503
฿486.30

Exchange
Crypto.com

VRA's strong downtrend that began in mid-April has retraced most of its Q1 move, recently sweeping lows near $0.012808 but struggling to find strong support.

A sweep of the relatively equal lows near $0.009299 into possible support around $0.009286, combined with bullish market conditions, could be the catalyst that begins to form a bottom. If this level fails, bulls might buy the monthly gap's low near $0.006140.

The swing low near $0.025000 may form resistance to any sudden pumps as holders unload some of their position. A more substantial move might sweep relatively swing highs into probable resistance near $0.033300, potentially reaching up to the May monthly open near $0.040000.

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