Sep 13, 2023 at 08:53 // Value
Weekly cryptocurrency evaluation of Astar, Render, SafePal, KuCoin, Token and Stellar dropped at you by Coinidol.com.
This week, altcoin costs seem like diverging. The prolonged vary sure motion is inflicting a number of altcoins to lose much more worth.
Astar
The value of Astar (ASTR) is rising above the transferring common strains. The value of the cryptocurrency is making a collection of upper highs and better lows. The given value predicted that the coin would proceed to rise. A retraced candle physique has examined the 38.2% Fibonacci retracement line of the July 23 upswing. The retracement means that ASTR will rise to the two.618 Fibonacci extension or $0.084. At present, the altcoin has reached a excessive of $0.059. Nevertheless, the optimistic momentum is predicted to be damaged when the market approaches the overbought zone. At present, the altcoin is between the transferring common strains, which signifies that the cryptocurrency is more likely to transfer inside a sure vary. It’s above the day by day stochastic worth of 80. It’s the most profitable cryptocurrency and has the next traits:
Present value: $0.06081
Market capitalization: $481,485,090
Buying and selling quantity: $17,688,274
7–day achieve/loss: $9.71
Render
Render (RNDR) is falling, however adverse momentum has slowed as it’s trapped between transferring common strains. The 50-day line SMA has slowed down the cryptocurrency’s upward motion. The altcoin is presently buying and selling above the 21-day easy transferring common however under the 50-day easy transferring common. When the transferring common strains are damaged, the altcoin will develop a pattern. For instance, on July 23, Altcoin corrected upward and a candlestick examined the 61.8% Fibonacci retracement line. The correction predicts that the altcoin will proceed to fall to the Fibonacci extension of $1.618 and $1.06, respectively. For the interval 14, RNDR is buying and selling with a robust pattern above the Relative Power Index degree 52. Render is the second most useful cryptocurrency and has the next traits:
Present value: is $1.49
Market capitalization: 801,620,824
Buying and selling quantity: $34,348,476
7–day achieve/loss: 9.26%
SafePal
SafePal (SFP) has regained optimistic momentum after breaking above its transferring common strains. On September 9, the altcoin rose to a excessive of $0.68 earlier than falling again. The optimistic momentum was halted within the final three days because the altcoin retreated above the transferring common strains. The present excessive represents an overbought market zone. If the altcoin stays above the transferring common strains, the uptrend will resume and retest the overbought area. If the value falls under the transferring common strains, the decline will resume. SafePal is in a adverse pattern under the day by day stochastic threshold of 60. It’s the coin with the third highest revenue margin. Beneath are a number of the traits:
Present value: $0.5766
Market capitalization: $288,301,902
Buying and selling quantity: $13,894,750
7–day achieve/loss: 5.21%
KuCoin Token
KuCoin Token (KCS) is declining and has fallen considerably to the underside of the chart. On September 1, the cryptocurrency fell to a low of $3.54, however the bulls purchased the dips. The upward correction is rejected by the 21-day easy transferring common. Nevertheless, if the cryptocurrency value rises above the 21-day easy transferring common, the optimistic momentum will prolong to the 50-day easy transferring common. The value of KCS will resume its uptrend as soon as it crosses the transferring common strains. Nevertheless, if the value is rejected on the transferring common strains, promoting stress will resume. The altcoin is correcting upwards after crossing the Relative Power Index worth 38 for the interval 14. KCS is the fourth most useful cryptocurrency and has the next traits:
Present value: $4.15
Market capitalization: $705,375,966
Buying and selling quantity: $804,056
7–day achieve/loss: 5.15%
Stellar
Stellar (XLM) has been transferring sideways since July 13. The bulls’ incapability to interrupt by the resistance at $0.16 led to this sideways motion. The crypto asset was knocked again thrice on the overhead resistance because it fell under the transferring common strains. The altcoin is presently buying and selling at $0.13 however is caught between the transferring common strains. The upside transfer was met with resistance by the 50-day line SMA, leaving it trapped between the transferring common strains. In the meantime, the altcoin has reached the overbought space of the day by day stochastic at degree 80. It’s the fifth finest performing cryptocurrency and has the next traits:
Present value: $0.1317
Market capitalization: $6,536,020,731
Buying and selling quantity: $129,044,341
7–day achieve/loss: 4.74
Disclaimer. This evaluation and forecast are the private opinions of the writer and are usually not a suggestion to purchase or promote cryptocurrency and shouldn’t be considered as an endorsem*nt by CoinIdol.com. Readers ought to do their analysis earlier than investing in funds.
