Hedera Hashgraph (HBAR)
$0.033847 (-1.69 %) View coin |
Holo (HOT)
$0.000541 (-5.07 %) View coin |
Kyber Network (KNC)
$1.01 (-4.21 %) View coin
Newsletter
20 July 2020

3 coins to keep an eye on | Issue #87

Hello everyone!

It's been another tense week in Bitcoin as the price compressed across a 3.6% range, ending the week by closing just under 1% lower. Judging by trendlines, a move in the next week or two is imminent - but in which direction?

Meanwhile, the altcoin marketcap dipped from $104 billion to $100 billion before climbing back to $104 billion as traders took profits and entered new positions.

While we wait to see what Bitcoin brings the crypto markets this week, here are three coins with events on CoinMarketCal this week to keep an eye on.

@tradeprophet


Hedera Hashgraph (HBAR)

Hedera Hashgraph (HBAR)

Price
$0.040075 (1.61 %)
฿0.00000438 (1.19 %)

Market Cap
$191 341 443
฿20 918.16

Volume (24h)
$7 122 040
฿778.61

Exchange
Huobi

While most other altcoins bottomed before their summer altseason runs, HBAR has been slowly compressing since a massive spike in February.

At the end of June, a move down removed many short stops as ascending highs provide an upward incentive for the price.

Monthly levels around 0.00000464 provide resistance, while monthly levels at 0.0000042 and below are holding as support. Aggressive bulls could enter here - possibly hyped by news from Tuesday's Town Hall - while more cautious bulls could wait for the price to claim the monthly levels around 0.00000464.

Bears could target the most recent lows at 0.00000418 before a move up, or hope for a continuation lower to the monthly levels at 0.00000398.


Holo (HOT)

Holo (HOT)

Price
$0.000704 (1.15 %)
฿0.00000008 (0.79 %)

Market Cap
$116 586 083
฿12 745.63

Volume (24h)
$12 542 488
฿1 371.19

Exchange
Huobi

Initially surrounded by intense hype, HOT has instead bled into obscurity as the price bounces lower. However, it could still pump if this level holds and altseason continues.

The price dipped below the previous lows at 0.00000007 for several months before recently reclaiming the earlier lows in July. This could be viewed as a deviation below a range low, which is often followed by a test of the range high.

The price even reached as high as 0.00000010 on massive volume but has held the previous resistance as support.

Bulls could enter in the current area while viewing a retake of the yearly level at 0.00000008 as further bullish confirmation - possibly encouraged by any news from Tuesday's AMA. If the price does liftoff, the highs up to 0.00000013 could provide a reasonable long target.


Kyber Network (KNC)

Kyber Network (KNC)

Price
$1.69 (-1.46 %)
฿0.00018509 (-1.57 %)

Market Cap
$330 031 983
฿36 080.33

Volume (24h)
$88 587 725
฿9 684.74

Exchange
Huobi

KNC continues its mega-bull run, with the price providing over 1,526% returns since last August's lows.

Currently, the yearly level at 0.00018801 provides resistance, causing the price to have spent most of July consolidating for another attempt at the recent highs. Last week brought a move close to the highs, which could be setting up for a breakout.

Bulls could enter between the yearly level at 0.00018801 and the previous resistance 0.00018205, which may be turning to support on lower timeframes. Reasonable targets reach up to the swing high at 0.00029264. 

Bears looking to short euphoria and the listing news could enter if the yearly level becomes resistance and target the last consolidation area and monthly level at 0.00013696.

ConsenSys released a quarterly report showing the growth of DeFi super users – those who have made at least 100 transactions on DeFi protocols in the quarter. The report breaks down how the biggest users are interacting with the DeFi ecosystem: - Uniswap leads the way with 1,625 super users (includ...
Kyber, one of the most active decentralized exchanges by volume, went live with a major protocol upgrade dubbed “Katalyst,” which introduces a number of major changes to the token economics of KNC. The native token will now be staked in the KyberDAO to make various changes to network parameters. Tok...
Newsletter
29 June 2020
3 coins to keep an eye on | Issue #84
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 ...

3 coins to keep an eye on 👀