The cryptography market was faced with a difficult week, but the new week brings hope for recovery. The fact that this rebound comes from broader market trends or developments in individual networks remains uncertain.
Beincryptto identified three altcoins so that investors can watch closely while we enter the second week of March.
Movement (moving)
Move Price has reached a new hollow of $ 0.370 while investors stopped before the main launch of the workforce planned for this week. This event could mark a turning point for Altcoin, influencing the feeling of investors and potential market movements in the coming days.
Currently, Move is negotiated at $ 0.464, consolidating below the resistance of $ 0.527 while maintaining the support of $ 0.420. If the bullish momentum is built, the Altcoin could push around $ 0.617. A successful violation of this level would confirm the recovery and attract the renewed confidence of investors.
However, if the move remains strongly influenced by wider trends in the market, a rupture less than 0.420 could trigger new losses. This scenario could lead to Altcoin to slide beyond its lower $ 0.370, potentially forming a new background and extending its downward trajectory.
ImmuTable (IMX)
IMX has been negotiating in a downhill corner for two months, at a price currently at a price of $ 0.539. Altcoin has decreased by 22% in the past two weeks, reflecting sustained down pressure. However, the technical model suggests the potential of a break, offering a chance for a trend reversal.
IMX is above its level of key support at $ 0.508, strengthening the possibility of a movement up. Supporting this is the next launch of Ravenquest, a MMORPG sandbox to go out on March 14. This event could attract new investments, arouse a renewal of interests and improve the feeling of the market around IMX.
If investors’ enthusiasm supports IMX, Altcoin could pierce the resistance of $ 0.684 and target $ 0.810. However, non-infraction at this level would invalidate upward perspectives. In a downward scenario, IMX could lose support at $ 0.508, resulting in potential drop to $ 0.400.
Tron (TRX)
The price of Tron, at $ 0.234, demonstrated resilience, now stability despite wider market fluctuations. In the past three months, Altcoin has remained in a tight beach, showing limited volatility. Unlike other cryptocurrencies that have been faced with net accidents, TRX has managed to maintain its land, avoiding significant decrease movements during market uncertainty.
Currently, Tron is consolidated between $ 0.262 and $ 0.216, effectively preventing major losses. Altcoin seems ready to secure its exponential mobile average of 50 days (EMA) as a support. In case of success, this could serve as a basis for a break, allowing TRX to go beyond its established range and to enter a bullish phase.
However, if the escape attempt fails, consolidation may persist. A change in the feeling of the market or the intensification of the lowering conditions could push TRX below its support of $ 0.216. Another drop could send Altcoin to $ 0.194, invalidating neutral bullish perspectives.
Non-liability clause
In accordance with the Trust project guidelines, this price analysis article is for information purposes only and should not be considered as financial or investment advice. Beincrypto is committed to exact and impartial reports, but market conditions are likely to change without notice. Always carry out your own research and consult a professional before making financial decisions. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
