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The bullish stance has been quite outstanding for some coins, especially Klaytn, Cosmos, and Tamadoge. Without controversy, the bulls appear to be quite interested specifically in these three coins. Klaytn has been in an uptrend for the past few days, without giving the bears any opportunity to bag profit. Recently, we found Cosmos changing its market’s order flow as the simple moving average (SMA) indicator flipped bullish.
Tamadoge remains a promising coin as a new trend has just unfolded to the upside. The current uptrend unfolded due to the algorithmic structure of the market as TAMA/USD entered into a pool of buy orders sitting at the previous low.
Klaytn (KLAY/USD)
Until the recent breakout, a descending channel was used by the bears to algorithmically purge prices into the $0.12020 demand zone. This descending channel emerged due to prices’ reactions after the market entered into the bearish order block at $0.51210. In response to the breakout, the simple moving average (SMA) crossed upward to indicate that the market’s direction is now upward. KLAY/USD is expected to keep rallying upward in fractals until the $0.51220 supply zone is reached.
Klaytn (KLAY/USD)
Current Price: $0.25270
Market Capitalization: $0.78B
Trading Volume: $0.40B
7-day Gain: 93%
Cosmos (ATOM/USD)
Cosmos ended its downward trend on the 18th of June, 2022. Following this day, the market began to rise and fall in a rising flag pattern until the price reached the $17.20280 supply zone. Because of the selling pressure in the supply zone, the price broke the rising flag downward and entered the demand zone at $10.58960. Coupled with the simple moving average, the reaction of the price toward the rejection block showed that the bulls are back in the market. ATOM/USD is expected to continue rising until the $10.58960 support level is breached.
Cosmos (ATOM/USD)
Current Price: $13.25
Market Capitalization : $3.79B
Trading Volume: $0.61B
7-day Gain: 19.32%
Tamadoge (TAMA/USD)
Following the midterm rally away from the diagonal support on the 23rd of October, TAMA/USD consolidated within a range. This consolidation lasted for less than three days until a fake-out happened. This fake-out was instigated to clear off liquidity and grab buy orders inside the daily rejection block. The sudden reversal of the trend coupled with the indication of the simple moving average showed that the market is now in an uptrend. As buyers show interest in executing more buy orders, TAMA/USD is expected to break the old high at $0.02500.
Tamadoge (TAMA/USD)
Current Price: $0.02370
Market Capitalization: $23.61M
Trading Volume: $1.69M
7-day Gain: -15.7%
IMPT
Like many other brand-new cryptocurrencies, the IMPT currency first had a presale. In under four weeks, the coin successfully raised $10 million during the presale. This makes it possible to easily reach the $10.8 million target set for the Impact token’s initial stage of the presale.
Dash 2 Trade is a new cryptocurrency signaling platform that aims to make retail trading tools accessible to everyone. To this end, they have raised $3 million in its presale.
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