Price Analysis

Elrond(EGLD), Zilliqa(ZIL) & Thorchain (RUNE) Price At A Toss! New Highs On Cards


Zilliqa(ZIL) Price Breaks The Extended Pattern

Most of the coins in the crypto space attempted hard to range close to their previous highs and many of them did rally. But Zilliqa price remained much below its targets and experienced a rejection each time it attempted to propel high. Yet the present-day turned out to be a game-changer for ZIL price but need to hit certain levels to confirm the uptrend.

Source: Tradingview

The ZIL price was poised to pierce through the triangle since the beginning of the current trading month. And hence after trending through the upper resistance levels, the asset finally broke the pattern and propelled high. The next levels to reach is at $1.37, $1.56 & later at $0.2 that could indicate the resurgence of the bull run. 

Thorchain (RUNE) Price Reaches First Target

Similar to many assets, Thorchain price was also trending within a falling wedge from more than a month. No doubt it attempted multiple times to breach the pattern, yet failed to do so. However, the asset recorded huge green candles for the past couple of days and is about to test the crucial resistance zone. 

Source: Tradingview

The asset attained the immediate resistance levels at $11 yet failed to sustain and quickly dropped slightly. Despite the drop yet the asset is poised to regain the lost levels soon and also quickly jump to the strong resistance levels around $12. And hence the path towards the ATH could be pretty visible.

Elrond (EGLD) Price Goes Parabolic

The EGLD price in a short time frame went parabolic despite notable pullbacks and a minor fakeout. Elrond amid the present-day trade consolidated well and broke the immediate resistance levels at $250 and ranged towards $270. However, the bears attempted hard to drag down the price, yet failed to do so.  

Source: Tradingview

Currently, the price is attempting very hard to sustain at $270 levels as an equal fight between the bulls and the bears prevails. Yet the bulls appear to be little on the upper hand the selling pressure is not able to mount. And hence slicing through the next levels at $282 could be imminent. 

Collectively, the altcoins seem to be gearing up in order to propel high by climbing with pretty small steps without much loss. However, the ATH is around $300 and not much distinct from the current levels. Therefore, ELGD, ZIL and RUNE prices may attain new highs very soon, amid the upcoming bull cycle. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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