20 Jan 2025
3 coins to keep an eye on | Issue #321

Price
$0.089807 (-7.09 %)
฿0.00000084 (-8.66 %)
Market cap
$207 596 892
฿1 946.84
Volume (24h)
$86 209 809
฿808.53
Supply
10 000 000 000 (Max)
2 310 416 665 (Available)
ALT dropped 27% since Friday, sweeping slightly below November 30th's swing low.
Bulls are searching for support in the upper half of October 28th's bullish weekly wick, beginning at $0.08582. However, it's reasonable to expect a push slightly lower into bull's stops under November 30th's low.
A further drop could find support near $0.07810, where bulls rejected bears during August and the week of September 16th. This level marks the bulls' last line of defense for their stops under September 17th, September 4th, and August 5th's swing lows at $0.07150, $0.07000, and $0.06650.
Resistance might begin near $0.08790 at January 13th's now-swept swing low. A bearish daily gap will form and add confluence to this level if Monday's high remains below Saturday's low.
A rally through the closest resistance is more likely after Saturday's significant token unlock. Bulls may be wary of investing before this unlock releases substantial supply into the market.
If this breakthrough happens, bears' stops above January 17th's swing high at $0.11132 could be the target. Above this high, bearish daily gaps formed on January 7th and January 8th have confluence with the 40 EMA and might provide stronger resistance.

Price
$0.034926 (-5.52 %)
฿0.00000033 (-6.76 %)
Market cap
$331 355 921
฿3 107.45
Volume (24h)
$27 761 812
฿261.62
Supply
9 441 369 062 (Max)
9 441 369 057 (Available)
IOTX plunged 20% over the past weekend, threatening bulls' stops under January 13th's swing low.
The lower half of January 13th's candle tail, which spans from $0.03406 to $0.03259, shows support. This zone may support at least a slight bounce, more likely after traders finish "selling the news" of Wednesday's Network3 AI release.
If the price falls through this support, the odds are high that it will continue through January 13th's low to sweep bulls' stops under December 20th's swing low at $0.03162. Under this low, the approximate midpoint of September 2nd's weekly candle tail near $0.03127 and September 6th's nearby bullish rejection at $0.03100 might create support.
Monday's high will likely remain below Saturday's low, forming resistance in a broad bearish daily gap. A four-hour gap already exists in this area. Inside this potential daily gap, January 15th's now-swept swing low at $0.03491 and January 13th's bullish rejection at $0.03553 could mark more precise resistance levels.
A breakthrough in this resistance will likely pause near $0.03768, where distribution began on January 17th before the recent drop. The 40 EMA will soon add confluence to this resistance.

Price
$0.745278 (-2.09 %)
฿0.00000702 (-3.39 %)
Market cap
$48 740 983
฿457.05
Volume (24h)
$14 909 144
฿140.50
Supply
180 000 000 (Max)
64 984 278 (Available)
Since Friday, NAKA has fallen 31% in search for support.
Near the midpoint of August 5th's weekly candle tail, August 7th's bullish daily rejection at $0.6671 might mark a level of support. This level may be starting a consolidation as traders sell the long-anticipated news of Wednesday's launch or create at least a slight bounce.
A bounce could find resistance near January 13th's swing low at $0.7284. This low will confluence with a new bearish daily gap with a high at $0.7876 if Monday's high fails to reach Saturday's low.
If the price rallies through the closest resistance, the lower half of January 17th's daily candle from $0.8176 to $0.8778 will likely create resistance. The 18 EMA and July's bullish monthly rejection add confluence to this region.
A continuation lower will target relatively bulls' stops near equal daily swing lows from August 5th, 2024, and October 12th, 2023. Under these lows, September 2023's bullish monthly gap, spanning from $0.5982 to $0.5467, might create support to begin a bullish rally. Inside this gap, March 2022's bearish monthly rejection at $0.5829 and July 2023's swing high at $0.5616 may offer more sensitivity.
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