Bancor Network Token (BNT)
$0.974411 (8.38 %) View coin |
Kyber Network (KNC)
$0.929282 (7.05 %) View coin |
Ontology (ONT)
$0.552786 (5.26 %) View coin
Newsletter
29 June 2020

3 coins to keep an eye on | Issue #84

Hello everyone!

It’s been another wild week in Bitcoin with the price covering a nearly 10% range - jumping up to short stops at $9,800 before plummeting down to near $8,800.

The altcoin marketcap mirrored Bitcoin’s movements with its value climbing from $94 to $98 billion, before ending the week near $90 billion.

While we wait to see how this week’s move affects the altcoin marketcap, here are three coins to keep an eye on with events on CoinMarketCal during the upcoming week.

@tradeprophet


Bancor Network Token (BNT)

Bancor Network Token (BNT)

Price
$1.03 (5.62 %)
฿0.00011369 (5.54 %)

Market Cap
$71 106 771
฿7 861.76

Volume (24h)
$44 910 219
฿4 965.39

Exchange
BinanceHuobi

BNT holders enjoyed a fantastic six weeks as the price abruptly launched almost 650% from its mid-May lows.

Bulls that missed the move up might have a chance to hop on board during the current pullback. The previous month’s high at 0.00009525 could flip to support near the current price, which would likely result in a range between the monthly level at 0.00008761 and the last high at 0.00015610.

If the price instead drops from here, the previous week’s low at 0.0000788 could be a reasonable short target - or even as low as the stops near 0.0000574.

On the other hand, if the current region holds this week - perhaps from interest caused by Tuesday’s AMA on Bancor V2 with the LINK team - a move toward the yearly level at 0.00016256 is likely.


Kyber Network (KNC)

Kyber Network (KNC)

Price
$1.15 (3.64 %)
฿0.00012682 (3.76 %)

Market Cap
$206 536 124
฿22 835.19

Volume (24h)
$63 116 951
฿6 978.38

Exchange
Binance, Huobi

KNC holders also enjoyed the last six weeks as the price pumped over 125% to the monthly level at 0.00013696.

This week could give bears or bulls an entry. The price recently broke up and out of the range before meeting resistance at a monthly level. So far, the price as stayed above the top of the range, making it possible that this breakout could continue.

Aggressive bulls could enter now that the previous weekly low has been swept. More cautious bulls might wait for a retest of the top of the range at 0.000112.

Bears expecting traders to “sell the news” of KyberDAO, Katalyst, or today’s AMA could target the monthly level near the top of the range at 0.00010599. Alternatively, they could wait for the price to break below then retest the range top before dropping to midrange or below.


Ontology (ONT)

Ontology (ONT)

Price
$0.586921 (-2.06 %)
฿0.00006489 (-1.37 %)

Market Cap
$408 933 405
฿45 212.78

Volume (24h)
$96 095 400
฿10 624.57

Exchange
BinanceHuobi

ONT has also enjoyed a profitable past month-and-a-half, with bulls who bought at the bottom enjoying modest (for crypto) 49% gains.

Last week, the price broke critical resistance around 0.0000652. On a higher timeframe, holding this level could indicate that the 2020 lows were nothing more than a fakeout - possibly before a much larger bull run.

This week’s bulls might wish to enter at the current area, providing that this previous resistance holds as support. Bulls could target the yearly level at 0.0000721, the previous weekly high above at 0.0000766, and the previous monthly high at 0.0000839.

Bears can look for a break below the current region. If the previous resistance at 0.0000637 becomes resistance again, then the longer-term downtrend is more likely to continue.

No other news.
No upcoming event.

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