CARDANO (ADA)
The ADA appears to have stabilized lately, with prices hovering between $ 1.4,000 and $ 10,200 last week after the May-June storm. At the very least, the SafeTrading team can confirm strong support around $ 10,200 and resistance around $ 1.4,000.
Overall, the trend line drawn from February 15 to June 21 seems to tell us that the overall uptrend is still in effect. Analysts of SafeTrading are looking for sideways price movement as we focus on the $ 1.4,000 resistance level.
If this resistance is broken and the price closes well above it, volume is expected to start increasing and follow a steady uptrend. ADA is trading at $ 1.46 at time of writing by the altcoin signals.
ONTOLOGY NETWORK (ONT)
On June 21, ONT broke below the $ 0.8000 support and closed. This breakout is due to similar actions by Bitcoin, which led to a sharp drop in the value of other coins.
ONT is a great project with a dedicated team that has proven itself in the DeFi space. It is also a relatively small asset to watch this month with a market cap of around $ 635 million.
Now all analysts’ attention is focused on the resistance of $ 0.80000. We could see that it was temporarily stuck below this area where it found support in the coming days as the price seeks a foothold to break this resistance and continue the bullish move. At the time of writing, ONT is trading at $ 0.7296.
STELLAR (XLM)
Top 5 altcoins to surpass expectations in the third quarter of 2021.
Stellar is a blockchain-based payment protocol launched in 2014 by Jed McCaleb, who is also the co-founder of Ripple.
It is one of the top-performing coins and has been praised for its excellent track record of constant updates and development by its team.
XLM remained boldly correlated, bouncing off crucial $ 0.2200 support. Currently, the price seems to be stuck in a range between this support and $ 0.3500, which is a good sign at the moment.
In the coming days, we are likely to see the formation of a neutral price pattern. If this range persists, XLM will be in a good position to break the $ 0.500 support and resume the uptrend. Analysts say this will surely happen, but only the time is unknown. At the time of writing, XLM is trading at $ 0.2699.
STORMX (STMX)
Until July 2, 2021, STMX continued to rally and reached the $ 0.022 level. Looking back over the past week, investors have high hopes for this particular coin, given that it is one of the few cryptocurrencies that has steadily rallied since it bottomed out at $ 0.0100.
STMX is considered a great coin as it partners with online retail stores and allows users to earn STMX and other cryptocurrencies when they shop at any of their online partner stores. The value of STMX is expected to rise over time due to the growing demand for online shopping. STMX is also classified as a low market cap coin, which means it has a higher return potential.
According to analysts, the price to watch out for is $ 0.0300, which creates a hard ceiling. Once this is broken and the price moves up, the likelihood of a retracement of the all-time high of $ 0.1000 and even higher seems very high. At the time of writing, STMX is trading at $ 0.02146.
TELCOIN (TEL)
TEL is currently under strong pressure, which is manifested in the shape of a neutral triangle. According to analysts, this model is a great option to capitalize on, since neutrality currently means investor confidence.
Telcoin is a platform that aims to leverage the blockchain network to provide high-speed and low-cost international money transfers. This will enable people to send and receive money online more efficiently, reliably and intelligently. If prices emerge from these tensions on the upside, analysts say, getting an ATH of $ 0.0640,000 this year may be easier than expected. At the time of writing, TEL is trading at $ 0.02458.
New cryptocurrencies on the Binance list
Binance, the world’s largest cryptocurrency exchange by trading volume, announced this morning that it will host BarnBridge (BOND) and Enzyme (MLN). Binance activated spot transactions for these two cryptocurrencies at 9.00 CET (Info from SafeTrading team).
Binance listed BarnBridge (BOND) and Enzyme (MLN) shares at 9:00 CET. BarnBridge has been activated on BOND / BTC, BOND / BNB, BOND / BUSD, BOND / USDT trading pairs. Enzyme pairs MLN / BTC, MLN / BNB, MLN / BUSD, MLN / USDT were traded. Users can now take advantage of BOND and MLN deposits. Withdrawals for BOND and MLN were also made at 9:00 CEST.
What is BarnBridge (BOND)?
BarnBridge is a derivatives protocol focused on structured stablecoin lending products. The protocol allows farms to be categorized into different risk categories and allows users to deposit fixed cryptocurrencies into the farm pools. Investors in the upper pools receive a fixed interest rate, while the smaller pools receive a floating rate income, but they are incentivized by the BOND token. BOND is a governance token used on the BarnBridge platform.
Although the BOND price reached $ 42 after listing, it is currently trading at $ 35 by the altcoin signals.
What is Enzyme (MLN)?
Enzyme, formerly known as Melon Protocol, is a network-based asset manager that optimizes users’ cryptocurrency trading strategies through vaults. MLN is the platform’s own token. MLN is paid directly in the form of gas fees by Enzyme users under a token buyback or burn-back model.
