Posted 1 day ago
Crypto Price Today Feb 27 – The crypto market started the new week with a green flag showing its sustainability at higher levels. He bitcoin price jumped 0.8% today trying to undermine last week's correction. Therefore, the market sentiment turns into a relief rally sentiment that pushes various cryptocurrencies to higher levels.
Stack (STX)
Source- Tradingview
Last week, while the crypto market witnessed a significant drop, the coin stacks price it had a slow but sustained recovery within the ascending channel pattern. The price of the coin resonating between the two trend lines has reached a ten-month high where it is currently trading at $0.95.
Today, the STX price witnessed an intraday jump of 22% and broke above the last resistance high at $0.39. Therefore, until this pattern is intact, holders of Stacks coins could witness a prolonged rally.
Conversely, the coin that is currently teetering below the upper trend line could experience the temporary correction.
NEM(SEE)
Source- Tradingview
While the crypto market eased off its sell-off last week, the SEE PRICE resumed its bullish rally with a large band. Today, the coin price witnessed a significant entry and recorded a 74% price rise to its $0.073 mark.
This long bullish candle gave a massive breakout of the monthly resistance at $0.0685. This breakout should offer buyers an important base to extend the current uptrend.
Therefore, if the daily candle closes above $0.0685, buyers could push the altcoin higher 23% to reach the 0.088 mark.
Ivy (HBAR)
Source- Tradingview
Amid the recent downturn in the crypto market, the ivy coin price it is down 27% from the peak of $0.098. With sustained selling, HBAR price is down 3.07% today and broke above the combined support at $0.0745 and 0.382 Fibonacci retracement levels.
This bearish breakdown may intensify the ongoing selling pressure and drive the price to lower levels. If the daily candle closes below the $0.0745 mark, sellers can sink the altcoin to $0.067 (0.5 FIB) or $0.06.
These aforementioned supports are strong enough to replenish the bullish momentum and encourage buyers to resume the previous rally.
QNT
Source- Tradingview
During the last five weeks, the quantitative price it has been falling under the influence of a resistance trend line. The altcoin faces ongoing resistance from this descending trend line and witnessed a 21.6% loss from the last six-month high of $165.
According to the press, the price of the coin shows an intraday drop of 2.5% which plunged the coin below the support zone of $130-129.5. If the daily candle closes below the $129.5 mark, QNT holders could see a further correction.
The potential fall could send prices down 10% to reach the support of $116.
The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrency. The author or publication has no responsibility for your personal financial loss.
