Crypto price prediction today: Dash, Zora, Mantle
Crypto prices remained on edge on Friday, with Bitcoin remaining below $123,000 and the market capitalization falling by over 1% to $4.23 trillion. This article explores some of the top cryptocurrencies to watch will be Dash (DASH), Zora (ZORA), and Mantle (MNT) that have been highly volatile.
Dash price technical analysis
Privacy tokens have been in a strong uptrend this year, and are now hovering at their highest point in months. Zcash price has jumped by over 700% from its lowest level this year. Other top coins that have done well are Horizen (ZEN) and Monero (XMR).
Dash is another top privacy token that has jumped in the past few days. It jumped from a low of $20 in late September to $48 this week, its highest point since December last year.
The Dash token happened after it remained inside the support and resistance levels at $17.70 and $26.25. This consolidation was part of the accumulation phase of the Wyckoff Theory, and the current surge means that it has moved to the markup phase.
Dash price has moved to the 50% Fibonacci Retracement level. It has also moved above the 50-day and 100-day Exponential Moving Averages, a sign that bulls are in control.
The most likely scenario is that the Dash price will pull back in the coming days. If this happens, it means that the token may retreat and retest the support level at $30.
Zora price forecast
Zora, a top cryptocurrency in the Base Blockchain industry, has been in the spotlight in the past few months. The token jumped from a low of $0.0077 in July to a high of $0.1462, up by 1,845%.
Zora price jumped as more users continued joining its platform, which pays users for their social media posts. Recently, however, the coin moved into a bear market as it crashed from a high of $0.1462 in August to a low of $0.041.
Zora price formed the highly bullish falling wedge chart pattern during its recent crash and made a strong rebound after being listed on Robinhood, one of the top American companies.
It rose to a high of $0.093 on Friday, its highest level since August 27. It has moved above the 50-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI), has moved close to the overbought level of 70.
Therefore, the coin will likely continue rising as bulls target the important resistance level at $0.10. A move above that resistance level will point to more gains, potentially to the year-to-date high of $0.1460. A move below the support at $0.05915 with invalidate the bullish outlook.
Mantle price prediction
Mantle has been one of the best-performing coins in the crypto industry in the past few months as it jumped from a low of $0.5530 in July to a high of $2.8 earlier this week.
The surge happened as Mantle’s role in the crypto industry grew, with the total value locked (TVL) hit $350 million and the amount of stablecoins in the ecosystem moved to over $729 million.
Most importantly, Mantle launched UR a borderless bank that seeks to disrupt the banking industry.
The daily timeframe chart shows that the MNT price has soared in the past few months and recently reached a high of $2.81 and then pulled back, forming a bearish engulfing pattern. Therefore, the coin will likely continue falling as sellers target the key support level at $2.
The post Crypto price prediction today: Dash, Zora, Mantle appeared first on Invezz
Read More
Zcash price prediction as ZEC surges and why it may crash soon
Crypto price prediction today: Dash, Zora, Mantle
Crypto prices remained on edge on Friday, with Bitcoin remaining below $123,000 and the market capitalization falling by over 1% to $4.23 trillion. This article explores some of the top cryptocurrencies to watch will be Dash (DASH), Zora (ZORA), and Mantle (MNT) that have been highly volatile.
Dash price technical analysis
Privacy tokens have been in a strong uptrend this year, and are now hovering at their highest point in months. Zcash price has jumped by over 700% from its lowest level this year. Other top coins that have done well are Horizen (ZEN) and Monero (XMR).
Dash is another top privacy token that has jumped in the past few days. It jumped from a low of $20 in late September to $48 this week, its highest point since December last year.
The Dash token happened after it remained inside the support and resistance levels at $17.70 and $26.25. This consolidation was part of the accumulation phase of the Wyckoff Theory, and the current surge means that it has moved to the markup phase.
Dash price has moved to the 50% Fibonacci Retracement level. It has also moved above the 50-day and 100-day Exponential Moving Averages, a sign that bulls are in control.
The most likely scenario is that the Dash price will pull back in the coming days. If this happens, it means that the token may retreat and retest the support level at $30.
Zora price forecast
Zora, a top cryptocurrency in the Base Blockchain industry, has been in the spotlight in the past few months. The token jumped from a low of $0.0077 in July to a high of $0.1462, up by 1,845%.
Zora price jumped as more users continued joining its platform, which pays users for their social media posts. Recently, however, the coin moved into a bear market as it crashed from a high of $0.1462 in August to a low of $0.041.
Zora price formed the highly bullish falling wedge chart pattern during its recent crash and made a strong rebound after being listed on Robinhood, one of the top American companies.
It rose to a high of $0.093 on Friday, its highest level since August 27. It has moved above the 50-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI), has moved close to the overbought level of 70.
Therefore, the coin will likely continue rising as bulls target the important resistance level at $0.10. A move above that resistance level will point to more gains, potentially to the year-to-date high of $0.1460. A move below the support at $0.05915 with invalidate the bullish outlook.
Mantle price prediction
Mantle has been one of the best-performing coins in the crypto industry in the past few months as it jumped from a low of $0.5530 in July to a high of $2.8 earlier this week.
The surge happened as Mantle’s role in the crypto industry grew, with the total value locked (TVL) hit $350 million and the amount of stablecoins in the ecosystem moved to over $729 million.
Most importantly, Mantle launched UR a borderless bank that seeks to disrupt the banking industry.
The daily timeframe chart shows that the MNT price has soared in the past few months and recently reached a high of $2.81 and then pulled back, forming a bearish engulfing pattern. Therefore, the coin will likely continue falling as sellers target the key support level at $2.
The post Crypto price prediction today: Dash, Zora, Mantle appeared first on Invezz
Read More