Cryptocurrencies Price Prediction: Swipe, VeChain & Chiliz – American Wrap 27 April

FXStreet Team FXStreet

Swipe Price Forecast: SXP endures, poised for a 50% rally

Swipe price has staged a significant comeback and appears ready to form the right shoulder of a head-and-shoulders bottom pattern. The shoulder will unfold at the lower range of price congestion extending back to the February highs. If this pattern continues to be constructive, SXP will be well beyond the all-time high.

VeChain price on the cusp of a massive 40% move to new all-time highs

VeChain price has seen a significant rebound in the last two days from a low of $0.154 toward $0.223. VET had a breakout from a key pattern on the 4-hour chart and aims for a new all-time high.

Chiliz price illustrating a powerful bottoming pattern, CHZ projects a 70% advance

Chiliz price, similar to the other cryptocurrencies, suffered a massive decline of over 60% from April 16 to April 22. Surprisingly, CHZ managed to hold the 10-week simple moving average (SMA) on a closing basis, highlighting how extended the altcoin was from the mean. The bottoming process is taking the form of a head-and-shoulders bottom with substantial upside if constructed correctly.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Stellar Price Forecast: XLM slips below $0.22 as bearish momentum builds

Stellar (XLM) price is trading below $0.22 at the time of writing on Wednesday after failing to close above the key resistance earlier this week. Bearish momentum continues to strengthen, with open interest falling and short bets rising.

Pi Network Price Forecast: PI struggles to rebound amid muted demand

Pi Network (PI) edges higher by almost 1% at press time on Wednesday, bouncing off the $0.2000 level after a four-day decline. The recovery lacks momentum as the social interest surrounding Pi Network declines. Technically, PI is at a crossroads, struggling for a rebound as momentum is lacking.