The Swipe, KAVA, and Loopring prices are trending at key levels from a technical perspective. A follow-through and bulls pushing prices above immediate barriers may see Q1 2021 trend resume.
The Swipe price continues to press higher, defying gravity and returning superior gains to holders, and calculating traders. After concluding Q1 2021 firmly, the SXP price is firm on the last day.
As of writing on Apr 1, the SXP price is up eight percent on the last trading day, gaining against both BTC and ETH in the same period. In the European session, the coin’s movement might be suppressed, trading inside Mar 31 bull bar.
Technically, this is bullish from an Effort-versus-Results perspective, highlighting the level of demand for savvy traders and investors. Still, the consolidation is with optimum trading volumes—participation has been exploding in the last few weeks at spot levels.
SXP/USD Price Prediction
With confidence, especially judging from the level of optimism from Swipe price forecasts, the path of least resistance is northwards.
The first level of resistance—the sell wall-is around $4.1—Mar 2021 highs. A break above this mark with equally high trading volumes is enough to propel the SXP/USD price towards $6.3—the 1.618 Fibonacci extension level of the Q1 2021 trade range.
Losses below Q1 2021 support trend line may see the SXP/USD price contract back to $1.8—the 61.8 percent Fibonacci retracement level of the Q1 2021 trade range. This level flashes with around Mar 2021 lows.
The Loopring price remains under pressure with hints of recovery.
After what proved to be a defining H1 of Q1 2021, the token price recoiled to spot levels, shedding over 40 percent of its gains. The LRC/USD price is currently down around 20 percent from Feb 2021 peaks but may breach and close above the bull flag in a buy trend continuation pattern.
Notably, the LRC price is back to bullish ways against both the BTC and USD, cementing analysts’ previews as seen from the Loopring price prediction. However, it is under-performing ETH.
LRC/USD Price Analysis
Risk aggressive traders may find an opportunity to scoop LRC at spot levels.
Although under pressure, the LRC price may close above the main resistance trend line in a trend continuation pattern as aforementioned.
In that case, it shall confirm the double-bar bullish reversal pattern of Mar 26 and 27, setting up the LRC/USD price for $0.9, the immediate target, and Feb 2021 highs.
Still, this uptrend’s pace would depend on participation and how strongly LRC bulls shake off bears of Feb 23, breaking above $0.7. Notice that prices are still trending inside the Feb 23 bull bar with relatively low trading volumes, pointing to sellers.
Kava Protocol (KAVA)
The KAVA coin is firm and is one of the top performers in the last week of trading.
Adding an impressive 33 percent against a resurgent USD, the path of least resistance appears defined. From the daily chart, the KAVA price finds resistance at $6.7.
There is a double bar bearish reversal pattern following Mar 31 bear candlestick with high trading volumes. Presently, KAVA/USD prices are trending inside Mar 31 bear bar.
Accordingly, for buy trend continuation and in sync with Q1 2021 trend, buyers must edge above Mar 2021 highs with high trading volumes.
KAVA/USD Price Forecast
Although bears may be flocking in, KAVA’s trend is bullish in the immediate term.
On the downside, the main support trend line of Q1 2021 is a buy zone. Notably, KAVA/USD price found support at the 50 percent Fibonacci retracement level.
The uptick of trading volume lifting prices on Mar 26 and 27 may be the launchpad for $9.9—the 1.618 Fibonacci extension level.
However, this is subject to a comprehensive, high volume close above $6.7 and Mar 2021 highs in sync with bullish forecasts gleaned from the Kava price forecasts.
Losses below the main support trend line and $4.2 pours cold water on bulls’ advances.
Chart courtesy of Trading View
Disclaimer: Opinions expressed are not investment advice. Do your research.
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