Waves(WAVES), Zilliqa (ZIL) & Anchor Protocol(ANC) Exploded Heavily, These May Be the Daily Close Target!

The post Waves(WAVES), Zilliqa (ZIL) & Anchor Protocol(ANC) Exploded Heavily, These May Be the Daily Close Target! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Zilliqa(ZIL) 

The Zilliqa price had undergone a massive uptrend during the last few days of April and woefully drained heavily to its initial levels throughout the month. The price in the past couple of days attempted a larger rebound from the lower support but eventually failed to slice through the upper resistance. However, the price is consolidating healthy along these levels indicating the resurgence of the uptrend very soon.

The monthly trade of the ZIL price witnessed larger pumps and dumps. Currently, the price is swinging within a huge symmetrical triangle. The price is yet to approach the apex of the consolidation and hence a minor pullback appears imminent before slicing through the triangle. Therefore, the price could plunge slightly below $0.08 levels and with a flip may quickly rise above $0.1. 

Waves (WAVES) 

Waves price appears to have ended a month-long descending consolidation that had dragged the price from $50 to as low as $12. With significant growth in the buying volume, the price surged more than 35% to hit levels close to $17. Currently, the WAVES price is undergoing a slight pullback which may be overcome within a short time frame.

The price with the recent price action barged in through the 50-day MA levels and eventually sliced through the descending parallel channel. However, the price may undergo a small retest towards the lower support but may flip strongly before hitting these levels. After the price resumes with the uptrend it may be mandatory for the asset to achieve the 200-day MA levels just above $20 to validate a strong uptrend. 

Also Read: Tron(TRX), Waves(WAVES) & Curve (CRV) Record Gains While Major Crypto Plunge ! Here’s What Next

Anchor Protocol(ANC) 

The Anchor Protocol price maintained a deep descending trend ever since it smashed the April highs. After trading within the falling wedge for a long time, the price undertook a strong flip which is continuing to range high at the press time. 

The ANC price after the recent breakout continues to range high without undergoing a retest. And hence the asset may be primed to hit the immediate resistance at around $2.3 and later face a significant rejection. The pullback can drag the price slightly below $2 and may quickly regain its previous levels above the resistance very soon. 

Also Read: Will The FOMC Boosts Propel the Bitcoin(BTC) & Ethereum(ETH) Price Above $44,000 & $3200