Published 32 mins ago
Cryptocurrency price prediction today Mar 6th: over the past three days, the market leaders, Bitcoin and Ethereum have shown stagnant price movement. This narrow sideways trend has created a sense of uncertainty and limited growth potential in several cryptocurrencies. However, defying the current market scenario, the following coins are poised for strong price movement in near future.
As of 7:06 am on Monday, the global cryptocurrency market capitalization stands at $1.02 with a 0.64% loss since yesterday. In addition, the total crypto market volume is valued at $30.63 Billion, showcasing a 1.3% gain.
Amid the ongoing correction in the crypto market, the Conflux coin has tumbled 50% from the $0.363 peak and plunged to the combined support of 0.5 Fibonacci retracement level and $0.176.
However, the coin price has recently rebounded from the aforementioned support indicating the buyers are wrestling to take trend control. By the press time, the CFX price trades at $0.205 and is trying to recover the lost ground.
The potential rally may face significant resistance at $0.213 and $0.25.
On March 3rd, the MANA price gave a bearish breakdown from the $0.623 neckline resistance of the head and shoulder pattern. This famous bearish reversal pattern often triggers a steady downfall upon its completion which is the above-mentioned support breakdown.
However, today the coin price shows a 4.8% gain, offering a retest to the breached support level. If the sellers manage to sustain below the flipped resistance of $0.6-$0.62 level, the potential downfall could tumble the prices 10% down to hit $0.537 support.
The AGIX coin has maintained its ongoing bull run using an ascending trendline. The price has rebounded from this dynamic support four times indicating the traders are actively buying at those pullbacks.
By the press time, the AGIX price trades at $0.44 and shows another reversal opportunity from the ascending trendline. If the buyers sustain above this support, the next bullish cycle may surpass $0.49 and reach the $0.55 peak.
Also Read: Best Crypto Future Trading Bot 2023 ; Here’s The List
Trust Wallet Token(TWT)
In response to the recent correction phase in the crypto market, the TWT token price revisited a monthly support zone of $1.255. Moreover, the technical chart showcased that the sellers have been using a downsloping trendline to restrict buyers’ attempts to regain trend control.
Thus, if the coin price manages to bounce back from the strong support of $1.25, the buyers will need a bullish breakout from the overhead trendline to obtain an early sign of a bullish reversal.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.