Category: Gala

Top 3 Coins to Watch Today: ALICE, ROSE, GALA – August 1 Trading Analysis

Post author By Malik Junaid
Post date August 1, 2022

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. MyNeighborAlice (ALICE)

ALICE is a multiplayer builder game where anyone can buy and own virtual islands, collect and build exciting items, and meet new friends. Inspired by successful games such as Animal Crossing, the game combines the best of the two worlds – a fun narrative for regular players who want to enjoy the gameplay experience, as well as an ecosystem for players who want to collect and trade non-fungible tokens (NFTs).

ALICE Price Analysis

At the time of writing, ALICE is ranked the 279^th cryptocurrency globally and the current price is US$3.00. Let’s take a look at the chart below for price analysis:

Source: TradingView

ALICE dropped almost 80% from its Q2 highs. Since this drop, the price has consolidated in a tight range between approximately $3.40 and $2.38.

Support might have formed near $2.87. This area shows inefficient trading on the daily chart. It also overlaps June 15’s swing high and contains the 9 and 18 EMAs.

If this level breaks, the price might also find support at a small distance below, near $2.69. Here, the weekly chart shows that bulls rejected bears.

The 40 EMA is currently providing some resistance. Yet the price may be seeking the next resistance near $3.20. This level is near the top of the range, contains relative equal highs, and is just below the June monthly open.

A break through this level might reach the next resistance near $3.36. This level is just above relative equal highs and the June monthly open. It also shows inefficient trading on the weekly chart and overlaps with the June 2021 swing low’s wick.

If the rally continues, $3.70 could provide the next resistance. This level shows inefficient trading on the weekly and monthly charts. It also overlaps with June 2021’s weekly and monthly swing low candle body boundaries.

The overall market is still bearish, so bulls should be cautious. There is no historical price action to suggest support below the current price. The local range’s 50% extension suggests that $2.25 to $2.00 could be the next longer-term downside target.

2. Oasis Network (ROSE)

The Oasis Network ROSE is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionising Open Finance and expanding it beyond traders and early adopters to a mass market. Its unique privacy features can not only redefine DeFi but also create a new type of digital asset called Tokenised Data that can enable users to take control of the data they generate and earn rewards for staking it with applications – creating the first-ever responsible data economy.

ROSE Price Analysis

At the time of writing, ROSE is ranked the 89^th cryptocurrency globally and the current price is US$0.08846. Let’s take a look at the chart below for price analysis:

Source: TradingView

ROSE climbed 42% from its Q1 low, then dropped nearly 73% into support last month.

The price is currently testing this resistance, near $0.09230. It may also provide support again and has confluence with the 61.8% and 78.6% retracements.

Resistance begins just above, at $0.09837. This inefficiently traded area, which reaches slightly beyond $0.1146, contains the previous monthly highs, a bearish market structure break on the daily chart, and the 9, 18 and 40 EMAs.

These confluences often provide strong resistance. Since this resistance is close to the $0.1230 support, the price may enter consolidation before breaking out to the next move.

If the price breaks this resistance, bulls could eye an area of old rejection, near $0.1310, as their next target. Continuation through this level may target another area of bearish rejection on the weekly chart, near the 27% extension from $0.1329 to $0.1357.

A more significant bearish turn in the market may reach for bulls’ stops under the Q2 lows, down to an area of old support in an inefficiently traded area between $0.08341 and $0.07217.

3. Gala (GALA)

GALA aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games’ mission is to make “blockchain games you’ll actually want to play”. The project wants to change how players can spend hundreds of dollars on in-game assets and countless hours playing the game, all of which could be taken away from them with the click of a button. It plans to reintroduce creative thinking by giving players control of their games and in-game assets with the help of blockchain technology.

GALA Price Analysis

At the time of writing, GALA is ranked the 94^th cryptocurrency globally and the current price is US$0.05995. Let’s take a look at the chart below for price analysis:

Source: TradingView

After setting a low last week, GALA turned into a recovery trend to make the new monthly highs.

The following 75% plummet found support near $0.05029, sweeping under the 40 EMA into the 60.8% retracement level before bouncing to resistance beginning at $0.06420.

This area could continue to provide resistance, possibly causing a retracement to the 9 EMA and 18 EMA near $0.06812, where aggressive bulls might begin bidding. The level near $0.07325, which has confluence with the 40 EMA, may see more interest from bulls loading up for an attempt on probable resistance beginning near $0.08475.

However, if Bitcoin continues its sideways trend, much lower prices could be seen. The old support near $0.04720 could provide at least a short-term bounce. If this level fails, the old highs near $0.03835 might also give support and see the start of a new bullish cycle after retesting these support levels.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

ARPA Chain Crypto News Elrond Gala Market Analysis Trading

Top 3 Coins to Watch Today: GALA, EGLD, ARPA – July 4 Trading Analysis

Post author By Malik Junaid
Post date July 4, 2022

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Gala (GALA)

GALA aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games’ mission is to make “blockchain games you’ll actually want to play”. The project wants to change how players can spend hundreds of dollars on in-game assets and countless hours playing the game, all of which could be taken away from them with the click of a button. It plans to reintroduce creative thinking by giving players control of the games and in-game assets with the help of blockchain technology.

GALA Price Analysis

At the time of writing, GALA is ranked the 84^th cryptocurrency globally and the current price is US$0.05267. Let’s take a look at the chart below for price analysis:

Source: TradingView

After setting a low last week, GALA turned into a recovery trend to make the new monthly highs.

The following 80% plummet found support near $0.05039, sweeping under the 40 EMA into the 60.8% retracement level before bouncing to resistance beginning at $0.06320.

This area could continue to provide resistance, possibly causing a retracement to the 9 EMA and 18 EMA near $0.06912, where aggressive bulls might begin bidding. The level near $0.07534, which has confluence with the 40 EMA, may see more interest from bulls loading up for an attempt on probable resistance beginning near $0.08685.

However, if Bitcoin continues its sideways trend, much lower prices could be seen. The old support near $0.04620 could provide at least a short-term bounce. If this level fails, the old highs near $0.03935 might also give support and see the start of a new bullish cycle after retesting these support levels.

2. Elrond (EGLD)

Elrond EGLD is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralised finance, and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency, and a $0.001 transaction cost. The blockchain has a native token known as eGold, or EGLD, used for paying network fees, staking, and rewarding validators.

EGLD Price Analysis

At the time of writing, EGLD is ranked the 43^rd cryptocurrency globally and the current price is US$50.33. Let’s take a look at the chart below for price analysis:

Source: TradingView

EGLD‘s 65% rally during Q1 reversed with many other coins in Q2, retracing nearly 45%.

Just above the current price and near the June monthly open, $70.68 could provide resistance before a downward move. This level has confluence with the 18 EMA.

Bears might consider $75.94 as a higher probability resistance to hunt shorts for a longer swing downward. However, higher-timeframe charts suggest that the price could reach $87.45 at the top of an inefficiently traded area before any future bearish breakdowns.

Resistance might also rest near $90.45, above the recent monthly open. However, the price is less likely to reach this level unless the overall market starts a bullish swing.

The price is finding support between $49.44 and $40.586. This zone might continue to hold, while overlapping higher-timeframe levels from $38.44 to $35.81 could provide the most substantial support inside this area.

3. ARPA Chain (ARPA)

ARPA is a blockchain-based layer 2 solution for privacy-preserving computation, enabled by Multi-Party Computation (MPC). Founded in April 2018, the goal of ARPA is to separate data utility from ownership and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyse data and extract data synergies while keeping each party’s data input private and secure. Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include credit anti-fraud, secure data wallets, precision marketing, joint AI model training, and key management systems.

ARPA Price Analysis

At the time of writing, ARPA is ranked the 367^th cryptocurrency globally and the current price is US$0.03729. Let’s take a look at the chart below for price analysis:

Source: TradingView

ARPA set a high near $0.08732 in April before retracing nearly 83% to find a low near $0.03157. The price consolidated around this level before the strong bullish impulse during the past several weeks.

Probable resistance near $0.04288 is slowing the bullish advance down. However, another leg might target the last swing high at $0.04351 and relatively equal highs at $0.04833. Resistance near $0.05472 could cap the move before the second swing high. Beyond these levels, little stands in the bulls’ way before reaching the swing high near $0.06148.

A retracement before a move higher might find support in the daily gap near $0.03574, just above the monthly open. Relatively equal lows near $0.03130 could also provide support. Run-on stops at $0.02944 and $0.02820 might find support in the gap beginning near $0.02687 or a high-timeframe level near $0.02477.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

Alpha Finance Lab Balancer Crypto News Gala Market Analysis Trading

Top 3 Coins to Watch Today: GALA, BAL, ALPHA – June 8 Trading Analysis

Post author By Malik Junaid
Post date June 8, 2022

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Gala (GALA)

GALA aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games’ mission is to make “blockchain games you’ll actually want to play”. The project wants to change how players can spend hundreds of dollars on in-game assets and countless hours playing the game, all of which could be taken away from them with the click of a button. It plans to reintroduce creative thinking by giving players control of the games and in-game assets with the help of blockchain technology.

GALA Price Analysis

At the time of writing, GALA is ranked the 78^th cryptocurrency globally and the current price is US$0.08352. Let’s take a look at the chart below for price analysis:

Source: TradingView

After setting a low last week, GALA turned into a recovery trend to make the new monthly highs.

The following 78% plummet found support near $0.06439, sweeping under the 40 EMA into the 60.8% retracement level before bouncing to resistance beginning at $0.07920.

This area could continue to provide resistance, possibly causing a retracement to the 9 EMA and 18 EMA near $0.08612, where aggressive bulls might begin bidding. The level near $0.09154, which has confluence with the 40 EMA, may see more interest from bulls loading up for an attempt on probable resistance beginning near $0.09985.

However, if Bitcoin continues its sideways trend, much lower prices could be seen. The old support near $0.06380 could provide at least a short-term bounce. If this level fails, the old highs near $0.05835 might also give support and see the start of a new bullish cycle after retesting these support levels.

2. Balancer (BAL)

Balancer BAL is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3 million seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor, and liquidity provider. It allows users to earn profits through its recently introduced token, BAL, by contributing to customisable liquidity pools.

BAL Price Analysis

At the time of writing, BAL is ranked the 414^th cryptocurrency globally and the current price is US$7.11. Let’s take a look at the chart below for price analysis:

Source: TradingView

Since the beginning of Q2, BAL has retraced 70% – a relatively high amount compared to many other altcoins. However, it continues to creep to monthly lows, suggesting that the consolidation period may be near its end.

Aggressive bulls could look for entries in new possible support between $6.90 and $6.78. A dip below this area might also find support near $6.70. However, a daily close near $7.25 brings bullish strength into question.

A sudden drop in the market is likely to test possible support beginning near $7.00. This retracement would create extensions suggesting $6.55-$6.13 as a potential target for bulls.

Currently, extensions indicate a reasonable take-profit zone near $7.36 to $7.63, with $7.95 having the most confluence. If bulls can maintain strength, confluent extensions point to $8.32-$9.00 as a reasonable next target.

3. Alpha Finance (ALPHA)

Alpha Finance Lab ALPHA is a cross-chain DeFi platform that looks to bring Alpha to users across a variety of different blockchains, including Binance Smart Chain (BSC) and Ethereum. The platform aims to produce an ecosystem of DeFi products that address unmet needs in the industry while remaining simple to use and access. ALPHA is the native utility token of the platform. Token holders can earn a share of network fees by staking ALPHA tokens to cover any default loans. Other use cases for the token include liquidity mining and governance voting.

ALPHA Price Analysis

At the time of writing, ALPHA is ranked the 346^th cryptocurrency globally and the current price is US$0.1522. Let’s take a look at the chart below for price analysis:

Source: TradingView

ALPHA‘s 65% rally from its Q1 lows met resistance near $0.5995, before creating a new range for Q2.

After a bearish flip of the 9, 18 and 40 EMAs, the price broke below $0.2110. This area, which has confluence with multiple swing lows and the May monthly open, may provide resistance on any future retest.

The price might find support near $0.1475 to $0.1408 if the overall market’s conditions turn more bullish. This zone has confluence with the 61.8% to 78.6% retracements and accumulation zone for Q1’s rally.

Suppose the price does rally through the probable resistance near the monthly open. In this case, the Q2 swing highs and above, near $0.2561, could provide resistance again. A shift back to more bullish market conditions could push the price to the 50% extension of the summer’s swing, near $0.2834.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

Crypto News Gala Kucoin Market Analysis Monero Trading

Top 3 Coins to Watch Today: KCS, XMR, GALA – May 19 Trading Analysis

Post author By Malik Junaid
Post date May 19, 2022

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. KuCoin Token (KCS)

KCS is the native token of KuCoin, launched in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralised trading solution goes live, KCS will be the native asset of KuCoin’s decentralised financial services as well as the governance token of the KuCoin community in the future.

KCS Price Analysis

At the time of writing, KCS is ranked the 44^th cryptocurrency globally and the current price is US$14.24. Let’s take a look at the chart below for price analysis:

Source: TradingView

KCS has been trading through a massive range during Q1, with the price showing mild bullishness during March.

Bulls bought near $12.26. The weekly level and daily gap near $13.80 could prompt buyers to step in again as the price challenges the swing high and resistance around $15.50. A strong move and acceptance above this level may reach for the swing highs at $17.75 and $18.66, which marks another area of resistance.

However, rejection from the current area may send the price down to retest support near $13.05. Relatively equal lows around $12.48 provide a rich target for a stop run. Sustained bearishness may reach the low near $11.96 and possibly as low as $11.23 into higher-timeframe support.

2. Monero (XMR)

Monero XMR allows transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography. The team behind Monero says privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users irrespective of how technologically competent they are.

XMR Price Analysis

At the time of writing, XMR is ranked the 29^th cryptocurrency globally and the current price is US$163.21. Let’s take a look at the chart below for price analysis:

Source: TradingView

XMR‘s 70% rally during Q1 ran into resistance near $268. Since then, the price has been consolidating in a 120% range between $140 and $210.

Just below the monthly open, $160 is the first level likely to provide substantial support. If the price breaks down through this level, overlapping levels near $153 might cap a run on the lows near $146 and $138.

The higher-timeframe analysis points to the area near $184 as the next substantial resistance. Significant selling has been occurring here on the daily chart. If this level breaks, the swing highs near $198 and $223 may be the next target.

3. Gala (GALA)

GALA aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games’ mission is to make “blockchain games you’ll actually want to play”. The project wants to change the fact that players can spend hundreds of dollars on in-game assets and countless hours playing the game, all of which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.

GALA Price Analysis

At the time of writing, GALA is ranked the 84^th cryptocurrency globally and the current price is US$0.07883. Let’s take a look at the chart below for price analysis:

Source: TradingView

After setting a low last week, GALA turned into a recovery trend to make the new highs.

The following 70% plummet found support near $0.05439, sweeping under the 40 EMA into the 60.8% retracement level before bouncing to resistance beginning at $0.07320.

This area could continue to provide resistance, possibly causing a retracement to the 9 EMA and 18 EMA near $0.08412, where aggressive bulls might begin bidding. The level near $0.08950, which has confluence with the 40 EMA, may see more interest from bulls loading up for an attempt on probable resistance beginning near $0.09785.

However, if Bitcoin continues its sideways trend, much lower prices could be seen. The old support near $0.06280 could provide at least a short-term bounce. If this level fails, the old highs near $0.05635 might also give support and see the start of a new bullish cycle after retesting these support levels.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

Crypto News Gala Hedera Market Analysis Polygon Trading

Top 3 Coins to Watch Today: MATIC, HBAR, GALA – April 28 Trading Analysis

Post author By Malik Junaid
Post date April 28, 2022

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Polygon (MATIC)

Polygon MATIC is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. The MATIC token will continue to exist and will play an increasingly important role in securing the system and enabling governance.

MATIC Price Analysis

At the time of writing, MATIC is ranked the 17^th cryptocurrency globally and the current price is US$1.26. Let’s take a look at the chart below for price analysis:

Source: TradingView

Since its Q1 highs, MATIC has been in a steady bearish trend – retracing nearly 25% by mid-April. The price found support near $1.20, at the 50.6% retracement level.

Last week’s sharp impulse up might have marked the start of a new bullish swing. If so, higher timeframes suggest that $1.39 near the 61.8% retracement, and the 9, 18 and 40 EMAs, may see interest from bulls. The price could reach lower, near $1.20, and still find support.

Currently, the price is contesting a region between $1.19 and $1.35. Closes over this level could confirm it as new support, leading to a move higher.

However, bulls are contending with probable resistance near $1.44, while $1.53 is also likely to be sensitive with the nearest support and resistance this close together.

2. Hedera (HBAR)

Hedera Hashgraph HBAR is a public network that allows individuals and businesses to create powerful decentralised applications (DApps). It is designed to be a fairer, more efficient system that eliminates some of the limitations older blockchain-based platforms face, such as slow performance and instability. The HBAR token has a dual role within the Hedera public network.

HBAR Price Analysis

At the time of writing, HBAR is ranked the 36^th cryptocurrency globally and the current price is US$0.1691. Let’s take a look at the chart below for price analysis:

Source: TradingView

HBAR‘s 50% Q1 run retraced almost to its origin, narrowly missing probable support near $0.1695 before bears swatted down the bounce near resistance around $0.1989.

With the daily gap between $0.1812 and $0.1750 almost filled in a single wick, the price may not need to revisit areas below this level. However, the safer entry is still in probable support between $0.1545 and $0.1500, which would also sweep the lows of last week’s bounce.

The relatively equal highs near $0.2256 provide a likely first target on lower timeframes. However, the resistance beginning at $0.2435 may initially suppress a further move up.

A clean break through this resistance will need to contend with the next resistance near $0.2692, under the last swing high. This swing high at $0.2770 gives a reasonable take-profit area before a possible move to the 1.0 extension near $0.2956.

3. Gala (GALA)

GALA aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games’ mission is to make “blockchain games you’ll actually want to play”. The project wants to change the fact that players can spend hundreds of dollars on in-game assets and countless hours playing the game, all of which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.

GALA Price Analysis

At the time of writing, GALA is ranked the 74^th cryptocurrency globally and the current price is US$0.1688. Let’s take a look at the chart below for price analysis:

Source: TradingView

After setting a low last week, GALA turned into a recovery trend to make the new monthly highs.

The following 60% plummet found support near $0.1679, sweeping under the 40 EMA into the 58.8% retracement level before bouncing to resistance beginning at $0.1930.

This area could continue to provide resistance, possibly causing a retracement to the 9 EMA and 18 EMA near $0.2112, where aggressive bulls might begin bidding. The level near $0.2350, which has confluence with the 40 EMA, may see more interest from bulls loading up for an attempt on probable resistance beginning near $0.2685.

However, if Bitcoin continues its sideways trend, much lower prices could be seen. The old support near $0.1580 could provide at least a short-term bounce. If this level fails, the old highs near $0.1435 might also give support and see the start of a new bullish cycle after retesting these support levels.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

Bitcoin Cash Crypto News Gala Internet Computer Market Analysis Trading

Top 3 Coins to Watch Today: BCH, ICP, GALA – April 8 Trading Analysis

Post author By Malik Junaid
Post date April 8, 2022

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Bitcoin Cash (BCH)

Bitcoin Cash BCH is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the payee, Bitcoin Cash payments are sent directly from one person to another. As a permissionless, decentralised cryptocurrency, Bitcoin Cash requires no trusted third parties and no central bank. Unlike traditional fiat money, Bitcoin Cash does not depend on monetary middlemen such as banks and payment processors.

BCH Price Analysis

At the time of writing, BCH is ranked the 26^th cryptocurrency globally and the current price is US$336.47. Let’s take a look at the chart below for price analysis:

Source: TradingView

March marked a turning point for BCH, with the price rocketing up almost 45% from its lows to probable resistance beginning near $386.22.

The price is currently struggling with the area between $365.43 and $329.76. This region could provide support after a close above – or resistance after a close below.

A retracement could reach into the daily gap and possible support around $340.33. A more bearish shift in the marketplace will likely aim for the relatively equal lows near $336.21, and the potential support just below that begins around $330.64.

Continuation to the upside will likely target the monthly high near $375.30. However, probable resistance beginning at $390.55 and $420.05 could cap or slow down this move.

2. Internet Computer (ICP)

The Internet Computer ICP is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum – a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software, providing a revolutionary new way to build tokenised internet services, pan-industry platforms, decentralised financial systems, and even traditional enterprise systems and websites.

ICP Price Analysis

At the time of writing, ICP is ranked the 36^th cryptocurrency globally and the current price is US$19.16. Let’s take a look at the chart below for price analysis:

Source: TradingView

During March, ICP also turned the corner, breaking a key swing high. This move could suggest a longer-term bullish trend.

The swing high near $26.24 stands out as a bullish target and marks an area of probable resistance. Further continuation could reach into possible resistance starting near $30.12.

Even if the bearish trend continues, a stop run at the recent swing low near $17.15 into possible support beginning near $16.50 is reasonable. If the price reaches further down, the swing low and possible support near $15.70 might provide another downside target.

The area near $14.55 could also provide support. However, a drop this far could suggest a stop run below the higher-timeframe relatively equal lows near $13.79 into possible support beginning around $12.90.

3. Gala (GALA)

GALA aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games’ mission is to make “blockchain games you’ll actually want to play”. The project wants to change the fact that players can spend hundreds of dollars on in-game assets and countless hours playing the game, all of which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.

GALA Price Analysis

At the time of writing, GALA is ranked the 67^th cryptocurrency globally and the current price is US$0.2259. Let’s take a look at the chart below for price analysis:

Source: TradingView

After setting a low last week, GALA kicked off a recovery trend to break the new monthly highs.

The following 55% plummet found support near $0.2076, sweeping under the 40 EMA into the 59.8% retracement level before bouncing to resistance beginning at $0.2430.

This area could continue to provide resistance, possibly causing a retracement to the 9 EMA and 18 EMA near $0.2712, where aggressive bulls might begin bidding. The level near $0.2950, which has confluence with the 40 EMA, may see more interest from bulls loading up for an attempt on probable resistance beginning near $0.3285.

However, if Bitcoin continues its sideways trend, much lower prices could be seen. The old support near $0.1980 could provide at least a short-term bounce. If this level fails, the old highs near $0.1754 might also give support and see the start of a new bullish cycle after retesting these support levels.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

Cosmos Crypto News Gala Market Analysis Trading Verasity

Top 3 Coins to Watch Today: GALA, ATOM, VRA – March 11 Trading Analysis

Post author By Malik Junaid
Post date March 11, 2022

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Gala (GALA)

GALA aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games’ mission is to make “blockchain games you’ll actually want to play”. The project wants to change the fact that players can spend hundreds of dollars on in-game assets, and countless hours playing the game, all of which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.

GALA Price Analysis

At the time of writing, GALA is ranked the 60^th cryptocurrency globally and the current price is US$0.2157. Let’s take a look at the chart below for price analysis:

Source: TradingView

After setting a low last week, GALA kicked off a recovery trend to break the new monthly highs.

The following 55% plummet found support near $0.2076, sweeping under the 40 EMA into the 59.8% retracement level before bouncing to resistance beginning at $0.2530.

This area could continue to provide resistance, possibly causing a retracement to the 9 EMA and 18 EMA near $0.2712, where aggressive bulls might begin bidding. The level near $0.2940, which has confluence with the 40 EMA, may see more interest from bulls loading up for an attempt on probable resistance beginning near $0.3385.

However, if Bitcoin continues its sideways trend, much lower prices could be seen. The old support near $0.1991 could provide at least a short-term bounce. If this level fails, the old highs near $0.1750 might also give support and see the start of a new bullish cycle after retesting these support levels.

2. Cosmos (ATOM)

Cosmos ATOM bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains. ATOM tokens are earned through a hybrid proof-of-stake algorithm and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.

ATOM Price Analysis

At the time of writing, ATOM is ranked the 20^th cryptocurrency globally and the current price is US$27.99. Let’s take a look at the chart below for price analysis:

Source: TradingView

February provided respectable 45% gains for bulls who bought ATOM at the monthly open, with the price finding resistance near $36.52.

If bears take back control this month, the top of the former gap beginning at $24.36 may provide support for at least a short-term bounce. The top of the consolidation range starting near $23.58 is more likely to provide substantial support.

The most robust support is likely to be found in the overlapping consolidation ranges between $22.64 and $20.36, with a sharp slice through these levels possibly suggesting the end of the bull run.

The region from approximately $32.70 to the most recent swing high is likely to provide some resistance. The swing high provides a reasonable first target for a possible next leg up.

If this high breaks, the 1.0 extension near $37.21 and the 2.0 extension near $43.90 may provide the next primary new high targets.

3. Verasity (VRA)

Verasity is a Protocol and Product Layer Platform for Esports and Video Entertainment. Verasity’s mission is to significantly increase advertising revenues for video publishers on any video platform through its rewarded player and ad stack utilising its patented protocol layer on the blockchain – Proof of View. PoV is the only Protocol Layer patented technology for the blockchain USA Patent.

VRA Price Analysis

At the time of writing, VRA is ranked the 370^th cryptocurrency globally and the current price is US$0.02101. Let’s take a look at the chart below for price analysis:

Source: TradingView

VRA‘s strong downtrend that began in mid-January has retraced most of its Q1 move, recently sweeping lows near $0.01948 but struggling to find strong support.

A sweep of the relatively equal lows near $0.01838 into possible support around $0.01722, combined with bullish market conditions, could be the catalyst that begins to form a bottom. If this level fails, bulls might buy the monthly gap’s low near $0.01643.

The swing high near $0.02346 may form resistance to any sudden pumps as holders unload some of their position. A more substantial move might sweep relatively swing highs into probable resistance near $0.02568, potentially reaching up to the last monthly high near $0.02931.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

1inch Network Cosmos Crypto News Gala Market Analysis Trading

Top 3 Coins to Watch Today: GALA, ATOM, 1INCH – February 21 Trading Analysis

Post author By Malik Junaid
Post date February 21, 2022

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Gala (GALA)

GALA aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games’ mission is to make “blockchain games you’ll actually want to play”. The project wants to change the fact that players can spend hundreds of dollars on in-game assets, and countless hours playing the game, all of which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.

GALA Price Analysis

At the time of writing, GALA is ranked the 55^th cryptocurrency globally and the current price is US$0.253. Let’s take a look at the chart below for price analysis:

Source: TradingView

After setting a low last month, GALA kicked off a bullish trend that rallied by 95% by early February to break the new monthly highs.

The following 45% plummet found support near $0.2476, sweeping under the 40 EMA into the 51.8% retracement level before bouncing to resistance beginning at $0.2630.

This area could continue to provide resistance, possibly causing a retracement to the 9 EMA and 18 EMA near $0.2812, where aggressive bulls might begin bidding. The level near $0.3040, which has confluence with the 40 EMA, may see more interest from bulls loading up for an attempt on probable resistance beginning near $0.3485.

However, if Bitcoin continues its sideways trend, much lower prices could be seen. The old support near $0.2291 could provide at least a short-term bounce. If this level fails, the old highs near $0.2050 might also give support and see the start of a new bullish cycle after retesting these support levels.

2. Cosmos (ATOM)

ATOM Price Analysis

At the time of writing, ATOM is ranked the 20^th cryptocurrency globally and the current price is US$26.12. Let’s take a look at the chart below for price analysis:

Source: TradingView

January provided respectable 55% gains for bulls who bought ATOM at the monthly open, with the price finding resistance near $41.52.

If bears take back control this month, the top of the former gap beginning at $24.66 may provide support for at least a short-term bounce. The top of the consolidation range starting near $23.58 is more likely to provide substantial support.

The most robust support is likely to be found in the overlapping consolidation ranges between $22.74 and $20.16, with a sharp slice through these levels possibly suggesting the end of the bull run.

The region from approximately $33.70 to the most recent swing high is likely to provide some resistance. The swing high provides a reasonable first target for a possible next leg up.

If this high breaks, the 1.0 extension near $36.21 and the 2.0 extension near $42.90 may provide the next primary new high targets.

3. 1inch (1INCH)

1INCH is a decentralised exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. In order for users to find the best price for a swap, they need to look at every exchange – DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXes. 1inch has launched its 1INCH governance token, and the 1inch Network began to be governed by a decentralised autonomous organisation (DAO).

1INCH Price Analysis

At the time of writing, 1INCH is ranked the 99^th cryptocurrency globally and the current price is US$1.49. Let’s take a look at the chart below for price analysis:

Source: TradingView

After breaking its Q4 highs, 1INCH began a range that has been whiplashing both bulls and bears.

Resistance beginning near $2.00 has held the price down for the second half of February, although bulls have shown some strength near the 9 and 18 EMAs.

A quick push to $1.88, or into the zone beginning near $2.10, could give bulls the fuel to push through the nearby resistance. If this resistance breaks, the high near $2.17 provides a reasonable target.

A break of this level could move further into uncharted territory with the nearest probable resistances projected around $2.28 and $2.40.

More patient bulls might be waiting far below the 40 EMA with bids near the higher-timeframe range’s 35% retracement, near $1.30.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.