Cryptocurrencies Price Prediction: Bitcoin, Stellar Lumens and BAND – European Wrap 8 January
Crypto bull run hits pause as Bitcoin touches $40,000
The cryptocurrency market has slowed down the drastic upward movements apart from Bitcoin’s surge to a new all-time at $40,425. However, some selected altcoins continue to tower the crypto horizon with their massive gains. For instance, Enjin Coin is up 60% over the last 24 hours; Nano spiked 30% while Civic is up a whopping 56%. Read more...
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Stellar could revisit $0.41 if critical support level holds
Stellar is trading at $0.28 after a retracement from its recent highs. The correction seems promising as a confluence of bullish indicators suggests that XLM price is ready for lift-off. Stellar price hints at a breakout from a descending parallel channel where it has been contained over the past few days. However, it must first overcome multiple resistance barriers presented by the short and the mid-length EMAs. Read more...
BAND readies for a 22% downswing as network growth tumbles
Band Protocol is poised to fall after an 83% upswing since the year started. The decentralized finance (DeFi) drew closer to $10 but stalled at $9.6. This massive breakout manifested from a descending triangle pattern in conjunction with an upward boost after stepping above the 50 Simple Moving Average and the 100 SMA on the daily chart. Read more...
Author
FXStreet Team
FXStreet
