Stellar, NANO Show Bullish Momentum, Steem Is On A Downtrend
The recent collapse in the cryptocurrency market has affected virtually all digital currencies. Those assets that started well in January 2020 felt a fluctuation in the exchange rate in February and March. As a result, many altcoins have reached record lows and are now in a precarious position, in particular Steem. Nevertheless, the upward dynamics, supported by bullish impulses, show such altcoins as Stellar and Nano.
2020 began for Stellar positively: an upward trend prevailed in January. But on March 12, there was a sharp collapse of 47%. Practical for a month, this cryptocurrency restored a little more than half of the previous level of market capitalization. On April 1, an increase of 25.3% was recorded.
At the time of writing, Stellar’s price is $0.4, with a market capitalization of $894.4 million. In 24 hours, the volume of trade amounted to 345.2 million dollars. The resistance level varies from $0.07 – 0.052. Support: $0.031 – $0.042.
Nano has been showing bullish momentum since March 16th. An upward trend and a breakthrough in key support levels have been recorded. Despite fluctuations in the cryptocurrency market, the price of Nano rose by 56%. The coin is stably trading at $0.57 with a slight increase. Analyzing market indicators, experts expect a breakthrough up Nano shortly. Also, the upcoming decrease in the level of volatility is a positive trend.
At the time of publication of the article, Nano is trading at $0.60, with a market capitalization of $80.05 million. For 24 hours, the volume of trade amounted to 5, 93 million dollars. The resistance level varies from $0.52 – 0.66. Support: $0.31 – $0.43.
In January 2020, Steem’s increase was recorded. But the collapse of March 12 dealt a powerful blow to this coin and at the moment, a downward trend remains. Steem’s price has dropped by 50%. Although on April 3, the price of Steem rose by 36%, this was a short-term phenomenon. By analyzing price charts, traders predict a bearish decline.
At the time of this writing, Steem’s price is $0.17; market capitalization is $63.17 million. For 24 hours, the volume of trade amounted to 4, 71 million dollars. The resistance range is: $0.19, $0.21, $37. Support: $0.16, $0.13, $0.11