I've been in crypto for 5 years and I've seen a number of projects collapse because they couldn't keep up with market pumps.
If you have invested in these projects, make sure you are watching them.
These 5 cryptocurrencies missed the latest pump. ( A thread🧵) 👇
If you have invested in these projects, make sure you are watching them.
These 5 cryptocurrencies missed the latest pump. ( A thread🧵) 👇
1. Frax Share ( $FXS ) : After reaching a high of $14.69 on February 9, the price of FXS has decreased. It fell below the $11.40 resistance level as a result of the negative momentum. As a result, the earlier breakout is seen as a departure. ( 1/n )
If the decline continues, the nearest level of support would be $8. If the Frax Share price reclaims the $11.40 resistance level, it might go towards a new all-time high of $15, catching up with the rest of the crypto market. ( 2/n )
2. NEO - $NEO price has fallen below a descending resistance line since June 2022. More recently, the line caused a rejection on February 9 creating a very long upper wick. If the decrease continues, the NEO price can fall to $7.60. ( 3/n )
3. Osmosis - $OSMO price has increased alongside an ascending support line since Jan. 6. The upward movement led to a high of $1.26 on January 29. (4/n)
4. PancakeSwap - $CAKE price broke out from a descending resistance line on January 18. It reached a high of $4.74 on February 9. While it fell afterward, it validated the $4 level as support. ( 5/n )
If the increase continues, CAKE price could move to $4.90. However, if the price breaks below $4, a fall to $3.20 could follow. ( 6/n )
5. Chiliz - $CHZ price broke down from an ascending support line at the beginning of Dec. 2022. Afterward, it increased and validated as resistance on February 8. ( 7/n )
Currently, the price of Chiliz is trading just above the $0.135 horizontal support area. If it bounces, it could reach the support line again at $0.19. However, a fall toward $0.085 could follow if the CHZ price breaks down. ( 8/n )
How many of these projects have you invested in? ( 9/n )
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