Over the past few weeks, the cryptocurrency market is heavily encountering the consolidation phase. The top currencies Bitcoin and Ethereum lost their price positions due to the liquidation of assets by the holders in several exchange platforms. Many altcoins steadily gained momentum on their charts even after the BTC and ETH price corrections.
The altcoins like ENJ, MANA have suffered from losing 3% to more than 10% momentum in the past 24 hours. Despite this, the cryptocurrency MIOTA has gained over 10% in the last 24 hours.
ENJ Price Analysis
The gaming token, ENJ Price rallied to hit $1.51 and registered the all-time high on 4 March 2021. However, the currency lost its balance to be stable as the extensive selling pressure and drastically dumped to $1.16. ENJ is assumed to hit its previous high price of $1.51.
The next high is to be formed at $1.45 if the token pilots reach a resistance at $1.30. The major support levels for the currency are $1.05 and $1.10. The relative strength index currently stands at 75 with a strong indication of bullish divergence.
The MACD indicates the strong bullish crossover as the MACD line is escalating and the histograms are painted green.
At a press time, ENJ is trading at $1.18 with a 24 hour trading volume of $1,158,855,219. It is down 12.37% with a market capitalization of $987,121,940 and the current coinmarketcap rank is #69.
MANA Price Analysis
Decentraland is currently in a bullish rally as it gathered hard and hit $0.44 to record a new all-time high on $ March 2021. However, the selling pressure resulted in the MANA price decline to $0.38.
MANA could bounce back and firm a new high at $0.50 if it successfully retests at its previous high $0.44. The major support levels are formed at $0.25 and $0.32. The relative strength index is currently at 63.43 which is indicating the bullish cycle.
The MACD is indicating the bullish crossover and a strong buy signal at 0.017 as the MACD line is intersecting from below.
At a press time, MANA is trading at $0.37 with a 24 hour volume of $614,367,765 and is up 3.25% in the last 24 hours. The current coinmarketcap rank is #91 with a market capitalization of $587,550,354
MIOTA Price Analysis
MIOTA’s price has been varying strongly from the past few weeks and is currently going up as an announcement to roll out smart contracts protocol to bring IOTA into the DeFi world.
Effectively, MIOTA could record a new high at $1.55 if the bulls consistently push the prices up and manage to surpass a resistance at $1.45. The major support levels are to be formed at $1.13 and $1.20. The relative strength index is at 63.97 which indicates the bull run.
The MACD indicates strongly the bearish crossover as the MACD line is heading downwards and the histograms are moving below the stable line by painting red.
At a press time, MIOTA price is $1.36 with a 24-hour trading volume of $384,657,601. It is up 13.60% in the last 24 hours with a market capitalization of $3,761,461,852. The current coinmarketcap rank is #20.