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The November price fall completely whipped out all the gains the ZIL coin presented in the October rally. After rejecting from the $0.116 resistance, the coin price was pushed back to the bottom support of $0.0768, which is currently providing decent support to the price, suggesting a bullish reversal for ZIL.
Key technical points:

The ZIL coin price breached a resistance trendline of the 4-hour time frame chart
The intraday trading volume in the ZIL coin is $111 Million, indicating a 1.76% loss.


Source- ZIL/USD chart by Tradingview
The ZIL coin price displayed an impressive recovery in October when the price bounced from the $0.075 support. However, with the same enthusiasm, the price reverted when it experienced strong rejection from the $0.0116 resistance.
The technical chart showed a V-Top bearish reversal in this coin, which plunged the price back to this support level of $0.075. The price is again trying to obtain sufficient support from this level and is currently up by 18%.
Due to the sideways movement in price, the crucial EMAs(20, 50, 100, and 200) are drawn closer to each other, and therefore the crypto can limit these EMAs to 50 and 200 to identify the primary trend. In our case, the coin is currently in a downtrend, and the price could face strong resistance from these lines when it tries to rally.
The Relative Strength Index(47) projects a slightly bearish sentiment within the ZIL coin. 
ZIL/USD 4-hour Time Frame Chart

Source- ZIL/USD chart by Tradingview
A descending trendline was acting as dynamic resistance to the ZIL coin price. However, by bouncing off the bottom support, the price also breached this trendline and a horizontal resistance level of $0.09. The crypto should wait for the price to complete its retest phase that should confirm the validity of this breakout. 
However, even though the price action indicated a positive outlook for this coin, the ZIL price still has a lot of EMA barriers in its way that can obstruct its rally. Therefore, coin traders should strictly follow their risk management to avoid excessive loss.
 
The post Zilliqa Price Analysis: ZIL Coin Price Bounced From The $0.075 Support, Can Its Reach The $0.116 Mark Again? appeared first on Coingape.


The November price fall completely whipped out all the gains the ZIL coin presented in the October rally. After rejecting from the $0.116 resistance, the coin price was pushed back to the bottom support of $0.0768, which is currently providing decent support to the price, suggesting a bullish rev...

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Zilliqa Price Analysis: ZIL Coin Price Bounced From The $0.075 Support, Can Its Reach The $0.116 Mark Again?

Despite the Black Friday drop, along with the COVID fear crash, cryptocurrencies are getting back on track including the trending meme-coin, Shiba Inu (SHIB). The meme crypto saw an exceptional rise in Whale accumulation, by more than 42 percent hike in the top 1,000 of the largest Ethereum wallets, with the total average SHIB balance maintaining over 2.5 billion Shiba Inu tokens, according to WhaleStats data. This further confirmed that the Whales are most definitely anticipating a bullish price momentum, especially for Dogecoin’s Rival, Shiba Inu in near future.
Furthermore, the average Shiba Inu value rose by nearly 40 percent, meanwhile its trading volume, that is determined by retail SHIB traders, fell by nearly 37%, which means traders are holding their Shiba Inu tokens, rather than selling.
Shiba Inu Metaverse Incoming
One of the biggest reasons behind the hike is said to be Shiba Inu’s Metaverse announcement. Last week, Shiba Inu team revealed that they have recruited William David Volk, who used to be the Vice President of Tech at Activision, one of the largest game developers in the US. Volk’s onboarding symbolizes Shiba Inu’s aim to lead Metaverse adoption, by the development of its Play-to-Earn (P2E) NFT games. This development will start from 2022 and will be built in-house by the SHIB team itself. Additionally, Shytoshi Kusama, the project head at Shiba Inu games ascertained that their Metavese approach will differ from what Facebook has opted for.
Shiba Inu Commercial Take Over
Shiba Inu may be a so-called ‘Shit-Coin’, however, it has been consistent with being part of substantial crypto landmarks. Past weekend, Shiba Inu celebrated its official payment collaboration with the online electronics retailer, Newegg. This commercial milestone was long-due given speculations about the addition of SHIB payments to Newegg hovering across all of social media. The company took to Twitter, and confirmed that they are now officially accepting SHIB payments, which has already commenced today onwards.
Nevertheless, Newegg is not SHIB’s only commercial achievement. Recently, the largest movie theatre chain in the United States, AMC also confirmed to accept Shiba Inu payments. According to the AMC CEO, Adam Aron’s tweet, Shiba Inu can be used for online crypto payments for movie tickets and concessions at AMC.
The post Shiba Inu Whale Accumulation Surges by 42%, Can it Help SHIB Price? appeared first on Coingape.


Despite the Black Friday drop, along with the COVID fear crash, cryptocurrencies are getting back on track including the trending meme-coin, Shiba Inu (SHIB). The meme crypto saw an exceptional rise in Whale accumulation, by more than 42 percent hike in the top 1,000 of the largest Ethereum walle...

Shiba Inu Whale Accumulation Surges by 42%, Can it Help SHIB Price?

The SOL coin is currently in a retracement phase which has plunged the coin price to the $184 support. The coin price is hovering above this level, trying to get enough support for continuing its rally. However, the price action still needs sufficient data for a bullish reversal, or this short-term fall is likely to continue.
Key technical points:

The SOL coin daily RSI chart displayed a significant drop for a minor pullback.
The intraday trading volume in the SOL coin is $1.47 Billion, indicating a 23.63% loss.


Source- SOL/USD chart by Tradingview
The SOL coin displayed a remarkable rally in its technical chart where the coin made a New All-Time High of $260 before initiating a minor correction phase. So far, the coin has dropped around 28% from the top and is currently trying it sustain above a strong support zone around $185. According to the crucial EMA’s(20, 50, 100, 200), the SOL coin is trading above the 100 and 200 EMA, maintaining this uptrend. 
The Relative Strength Index(40) projects a bearish sentiment within the SOL coin. Moreover, the RSI line value has significantly dropped for this pullback, suggesting strong selling in this coin.
SOL/USD 4-hour Time Frame Chart

Source- SOL/USD chart by Tradingview
The SOL coin price is currently trading at the $189 mark, with an intraday loss of $1.51%. The RSI chart in this lower time frame chart displays a clear bullish divergence, suggesting the increasing bullish momentum at this support.
However, the price action has not yet indicated enough demand pressure at this support level, and therefore, the crypto traders could wait until the price breach the nearest resistance around the $217 mark, providing better confirmation for a bull rally.
 
The post Solana Price Analysis: SOL Price Retest The Support Zone Around $184; Will The Rally Continue, Or Their’s More To This Correction Phase. appeared first on Coingape.


The SOL coin is currently in a retracement phase which has plunged the coin price to the $184 support. The coin price is hovering above this level, trying to get enough support for continuing its rally. However, the price action still needs sufficient data for a bullish reversal, or this short-te...

Solana Price Analysis: SOL Price Retest The Support Zone Around $184; Will The Rally Continue, Or Their’s More To This Correction Phase.

The correction phase in the SHIB token took its sweet time to stabilize our famous meme coin. The token price has been dropped to the 0.618 FIB level, which has the potential to provide strong support. Over the past week, the token price was also subjected to some positive news, which has captured the attention of several crypto investors.
Key technical points:

The SHIB token price obtains dynamics resistance from the 20-day EMA
The intraday trading volume in the SHIB token is $2.35 Billion, indicating a 41.5% gain

Source- SHIB/USD chart by Tradingview
As mentioned in my previous article on SHIB/USD, the token price gave a bearish breakdown from the symmetrical triangle of the 4-hour time frame. This pattern pushed the token price back to the crucial support of $0.35.6, which also holds a great confluence with other technical levels.
These technical levels are 

A strong horizontal support level of $0.356
The presence of the 0.618 FIB level
The 100 EMA line soon be reaching the token price

The crucial EMA levels(20, 50, 100, and 100) still maintain an uptrend in this token. The Relative Strength Index(43) suggests a bearish trend within this token. However, the RSI line also projects a bullish divergence, indicating the bears are trying to take control over the token.
SHIB/USD Chart In The 4-hour Time Frame

Source- SHIB/USD chart by Tradingview
Above I have explained the importance of the bottom support level and it is also understandable that a breakout from this level, would create a significant impact on the SHIB token price. 
The weekly announcement for Shiba Inu(SHIB)

Newegg, the Electronic Retail giant, has officially announced on their Twitter page that they would be accepting the SHIB token as a payment in.’
The SHIB token surpasses the 1 million wallet holders milestone.

Thus, in case the price bounces back from this support level. The crypto trade can notice the 20-day EMA line, and a descending trendline provides dynamic support to the price. Once the price breached this level, the long trader would get an excellent confirmation for the long side.
 
 
 
 
The post Shiba Inu Price Analysis: The SHIB Token Drops To The 0.618 Fibonacci Retracement Level; Will This Rally continue now? appeared first on Coingape.


The correction phase in the SHIB token took its sweet time to stabilize our famous meme coin. The token price has been dropped to the 0.618 FIB level, which has the potential to provide strong support. Over the past week, the token price was also subjected to some positive news, which has capture...

Shiba Inu Price Analysis: The SHIB Token Drops To The 0.618 Fibonacci Retracement Level; Will This Rally continue now?

The amazing recovery of the CKB coin price from the $0.0078 mark after the fall of more than 80% from the $0.041 mark attempts to complete a rounding bottom pattern. The coin price is currently struggling to overcome the $0.33 resistance, and once it gathers enough bullish momentum to make the breach the crypto trader would get a great spot to go long.
Key technical points:

The CKB coin displays a rounding bottom pattern formation with the support of a growing uptrend.
The intraday trading volume in the CKB coin is $226.6 Million, indicating a 326.8% gain.


Source- CKB/USD chart by Tradingview
The CKB coin price continues the uptrend from the $0.0078 mark after the huge supply dump near the $0.041 mark resulting in the downfall of more than 80% within months. However, the uptrend reincarnates the bullish presence in the CKB coin price and aims to break above the $0.33 mark.
However, presently the coin price shows a strong higher price rejection from the resistance level of $0.33 mark evident by the long wick candle formation. However, the growing uptrend momentum and the multiple big green candles indicate a high possibility of an uptrend.
The crucial EMA levels (20, 50, 100, and 100) maintain a bullish alignment in the daily chart with constant support from the 20 and 50-day EMA. The Relative Strength Index (62) shows an uptrend in the slope as it gradually rises higher above the 50% mark. However, the slope approaches the overbought boundary in the daily chart. 
CKB/USD Chart In The 4-hour Time Frame

Source- CKB/USD chart by Tradingview
The CKB coin price action struggles to break above the $0.33 mark resulting in the formation of a strong resistance zone. However, the recent rise indicates a strong possibility of a bull running above this resistance, and the breakout of the zone will be an excellent entry spot. 
However, traders must confirm the sustainability of this bullish breakout as the coin will also posses a threat for fakeout indicated by the bearish divergence in RSI.
According to these pivot levels, the crypto traders can expect the nearest resistance at $0.040, followed by $0.045. As for the opposite end, the support levels are $0.025 and $0.021.
 
The post CKB Token Price Analysis: Parabolic Reversal in CKB Coin Price Attempts To Complete The Rounding Bottom appeared first on Coingape.


The amazing recovery of the CKB coin price from the $0.0078 mark after the fall of more than 80% from the $0.041 mark attempts to complete a rounding bottom pattern. The coin price is currently struggling to overcome the $0.33 resistance, and once it gathers enough bullish momentum to make the br...

Enjin Coin price	$3.57
Low - High 24H	$3.55 - $3.87
Market cap	$3.32B
Volume 24H	$411.87M
All time high	$4.82 -25.86% November 25th 2021
All time low	$0.01866 19049.05% November 12th 2017
Genesis date	N/A

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