The cryptography market was mixed on Monday morning, most of the tokens being in the green while merchants focused on the next interest rate decision of the federal reserve and the current conflict in the Middle East. The Bitcoin price had remained stable greater than $ 105,000, while that of Ethereum was slightly more than $ 2,500.
This article provides a forecast for some of the most active cryptocurrencies, including the Polyède network (ZKJ), Marinade finance (MNDE) and the useless room (useless).
Technical analysis of the Polyhedra Network price (ZKJ)
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The Polyhedra network was the most efficient tokens on Monday morning because it crashed more than 83%. ZKJ fell by more than 83%, erasing more than $ 300 million in value, reflecting the Mantra price accident A few months ago.
The developers insisted that the fundamentals of the network were strong, citing its “community” and its technology. They attributed the dive to a series of abnormal transactions on the channel on the ZKJ / Koge pair.
In another article, Binance, the greatest exchange of crypto, awarded the accident to major holders by removing chain liquidity, leading to a wave of liquidation.
The ZKJ price crash can attract merchants to buy the decline because it has become quite cheap. However, the reality is that, as the mantra shows, the capture of a knife can be dangerous.
Therefore, the most likely scenario is the place where the token continues to crash while most holders are pouring out and buyers remain on the fringes
Another scenario is the place where the token spreads a short -term three -digit rebound. Such a movement, which the mantra has also made, would be a dead cam rebound, which is also known as a bull trap. A rebound in dead categories is a situation where an asset in a free fall experiences a brief return, then resumes the downward trend.
Read more: The Polyhedra network is associated with Google Cloud to scale the infrastructure of ZK PRODS for web3
Technical analysis of the price of the marinade finance
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The price of the Marinade Finance (MNDE) token was at the bottom at $ 0.073 in March and April, where it formed a double rocking pattern with a low -cutting up at $ 0.1214. A double background is one of the most optimistic reversal models in technical analysis.
The token then rebounded, reaching a summit of $ 0.1650 while the total locked value (TVL) jumped more than 11 million floors. The marinade has more than 153,619 holders and an 8%tracking return. His rally reflected that of Jito, the largest platform for the liquid implementation of Solana.
The MNDE price has exceeded the exponential medium -sized moving of 50 days and 100 days (EMA). The relative resistance index (RSI) and the MacD indicators all pointed out.
Consequently, more MNDE price gains will be confirmed if the token exceeds the important resistance point at $ 0.1760. Such a movement will push it above, potentially towards the level of key resistance at $ 0.2350, its highest swing on December 9.
Useless analysis of parts of parts
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Useless corner is a fairly new piece of memes and fast growing on the Solana network. Its token jumped more than 1,500% compared to its lowest point this year, bringing market capitalization to more than $ 84 million.
The four-hour graph shows that the unnecessary part price has reached a record summit of $ 0.097 during the weekend, then retired to $ 0.085 today.
The unnecessary price has formed a cup and handle pattern whose upper side was $ 0.04734 and the lower side was $ 0.0051. A C&H pattern mainly leads to increase over time.
In this case, the token had a depth of approximately 90%, and the measurement of the same distance on its upper side gives a target of $ 0.090. Therefore, although more gains are possible, the token will probably go back in the coming days. If this happens, the next unnecessary part price objective to monitor will be $ 0.0473, down 45% compared to the current level.
