The crypto market is constantly changing and evolving, so staying on top of the latest developments is essential. The Crypto market is highly volatile, and the volatility can be a real challenge for investors. To help you stay on top of your game, we have compiled a list of the most important coins and tokens to keep an eye on.
Terra (LUNA) Price Analysis
The Terra blockchain uses fiat-pegged stablecoins to power price-stable global payments systems. This allows it to eliminate volatility that is associated with other cryptocurrencies. As a result, Terra has had a lot of good progress in the cryptocurrency market so far. After the dip in the market, Terra has recovered in recent days and is now trading at $91.25.
LUNA is currently trading at $90.76 with a market cap of 33.6 billion dollars and has 784,305,852 coins in supply.
On the 1D timeframe, $LUNA/USDT Acted out accordingly and formed out the Double Bottom pattern where the price action broke out the neckline of the resistance level and formed out the impulsive wave.
Solana (SOL) Price Analysis
Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and various decentralized applications (dApps). In addition, SOL tokens provide network security to the Solana network. Solana has been a strong performer in the crypto market. It has recovered after the recent dip and is now trading at $92.24.
SOL is currently trading at $91.98 with a market cap of 29.4 billion dollars and has 511,616,946 coins in supply.
On 1W timeframe, $SOL/USDT has formed out the Bullish Harmonic Alt Bat pattern where the price action is currently at its Potential Reversal Zone level and On its Strong support level.
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NEAR Protocol (NEAR) Price Analysis
NEAR Protocol is a DApp platform that focuses on user-friendliness and competes with Ethereum for developer adoption. Its native NEAR tokens is used to pay for transaction fees and storage on the Near platform, a publicly curated directory of blockchain developers. NEAR Protocol has recovered from the recent dip in the crypto market and is now trading at $10.99.
NEAR is currently trading at $10.97 with a market cap of 7 billion dollars and has 1,000,000,000 coins in supply.
On the 1D timeframe, $NEAR/USDT has formed out the Bullish Harmonic Shark pattern where the price action has reversed from its Potential reversal Zone level and is currently facing the most substantial Resistance.
To read more, head over to CoinCodeCap Markets.
Closing Thoughts
The most important part of trading is discipline and patience. So, according to the above analysis, the coins we just spoke about might see some decent gains. Again, it’s your hard-earned money you’ll be investing, so Do Your Own Research before investing.
Also read,
- Crypto to Keep an Eye on This Week: BTC, ETH, MATIC, CAKE, FTT
- Crypto to Keep an Eye on This Week: BTC, ETH, CRO, DOT, & ATOM
- Top 4 Cryptocurrencies to Keep an Eye on this Month
- Top 3 Layer 2 Tokens to Keep an Eye
- Crypto to Keep an Eye on this Week: BTC, ETH, SOL, LUNA, & COTI
