Cryptocurrency prices today: AMP, LSK, DOT, SHIB, FLOKI, CTK

Key Takeaways:

  • Cryptocurrency prices saw red on Friday, with Bitcoin prices falling below $40,000 after testing $42,000 just a day before.
Cryptocurrency price action on Apr 21. Image from freepik
Cryptocurrency price action on Apr 21. Image from freepik

NEW DELHI (CoinChapter.com) — The cryptocurrency market turned red barely a day after Bitcoin prices touched $42,000 after 10 days on Apr 21.

As Bitcoin entered the weekend, BTC prices dropped by 5.2% to move below $40,000. $39,000 remains a key support level for the world’s largest crypto. The sell-off was evidence of BTC’s tight correlation with the U.S. equity markets.

Cryptocurrency market performance on Apr 22. Source: Coin360
Cryptocurrency market performance on Apr 22. Source: Coin360

Furthermore, crypto trading volumes have also been declining for some time, as per data from Dune Analytics. The monthly exchange volume in Mar was the lowest since Apr 2021.

AMP/USD

Flexa Network’s AMP token prices have been moving in a descending parallel channel since Jan 22. AMP’s prices rebounded off the channels support line on Apr 18 before gaining 8.6% on Apr 21. The AMP token’s 50-day moving average (yellow wave) rebuffed its uptrend.

As a result, AMP prices fell to immediate support near $0.022. Moreover, a marketwide sell-off could see AMP price re-test support from the descending channel’s lower trendline near $0.021. AMP needs to hold above the parallel channel’s lower trendline to avoid further downtrend.

AMPUSD daily chart with MACD. Source: Tradingview.com
AMPUSD daily chart with MACD. Source: Tradingview.com

Trend-based momentum indicator MACD charted a bullish crossover for the AMP token on Apr 21.

Also Read: Firepin (FRPN) makes headlines ahead of token launch – project’s legitimacy still under question.

In detail, a bullish crossover occurs when the MACD line (difference of 12-day and 26-day EMA) moves above the MACD signal line (9-day EMA of MACD). As a result, traders usually consider the chart pattern as a buy signal, helping boost the asset’s prices.

Traders could take cues from the bullish pattern to start an uptrend. As a result, AMP might try to flip immediate resistance from its 20-day MA (red wave) near $0.0242. A sustained uptrend could see AMP prices challenge resistance from its 50-day MA (yellow wave) near $0.026.

At the time of writing, AMP was trading at $0.022, down 7.14% on the day.

LSK/USD

Lisk’s native token, LSK, jumped nearly 49.3% on Apr 22, helping the token reach $3.3 for the first time since Dec 4, 2021. Despite the uptrend, the LSK token’s 20-day moving average (red wave) seems to be moving towards its 50-day MA (yellow wave), forming a bearish pattern called the death cross.

Traders believe the technical pattern signals negative market sentiment and weakness. The long upper wick on Friday’s candle indicates bears have moved to book profits. If the sell-off continues, LSK token price could fall to immediate support near $2.41.

A marketwide sell-off could push the LSK token to support near $2.26, a price level that acted as resistance for the token between Jan 7 and Mar 26.

LKSUSD daily chart with MACD. Source: Tradingview.com
LKSUSD daily chart with MACD. Source: Tradingview.com

Moreover, the LSK token’s uptrend helped its momentum indicator MACD chart a bullish crossover for the LSK prices on Apr 22.

In detail, a bullish crossover occurs when the MACD line (difference of 12-day and 26-day EMA) moves above the MACD signal line (9-day EMA of MACD). As a result, traders usually consider the chart pattern as a buy signal, helping boost the asset’s prices.

Also Read: Polygon commits $100M for “Supernets”, but MATIC token charts a bearish pattern.

As such, if the token continues moving up, LSK prices would need to flip immediate resistance near $2.66 before moving to target resistance near $2.86.

At the time of writing, LSK was trading at $2.55, up 16.65% on the day.

DOT/USD

DOT prices have been channel-bound between $16 and $23 since Jan 21. At present, DOT prices have immediate resistance from their 20-day moving average (red wave) near $19.1. DOT bulls would need to flip immediate resistance before challenging resistance near 100-day MA (purple wave) at $20.5.

Furthermore, DOT could take bullish cues from its momentum oscillator MACD, as the MACD histogram is charting contracting negative bars on the daily charts.

DOTUSD daily chart with MACD. Source: Tradingview.com
DOTUSD daily chart with MACD. Source: Tradingview.com

In detail, the MACD histogram charts the difference between the MACD line (difference between 12-day and 26-day EMA) and the MACD signal line (9-day EMA of MACD). Contracting negative bars indicate price momentum is turning bullish for the DOT token.

Conversely, if bears take control of DOT price, the token would likely fall to support near $17, a price level that previously acted as support for the DOT token between Mar 14 and Apr 18. A sustained sell-off could push DOT price to $16, which supported DOT price action between Jan 24 to Feb 24.

At the time of writing, DOT was trading at $18.36, up 1.6% on the day.

SHIB/USD

SHIB prices rose $0.000027 on news of the Robinhood listing, but the meme token has since been falling as bears moved in to book profits. SHIB prices have fallen nearly 15% between Apr 13’s high ($0.00002813) to Apr 22’s low ($0.0002398).

Further downtrend might see SHIB prices drop to $0.000238, a price level that supported the SHIB token’s price action between Mar 23 and Apr 9. In addition, a sustained downtrend could result in SHIB price fall to support near $0.0000216, which acted as support for SHIB prices between Feb 4 and Mar 18.

SHIBUSDT daily chart with MACD. Source: Tradingview.com
SHIBUSDT daily chart with MACD. Source: Tradingview.com

Meanwhile, momentum oscillator MACD continues to be bearish for Shiba Inu. Negative bars on the MACD histogram, which charts the difference between the MACD line (difference between 12-day and 26-day EMA) and the MACD signal line (9-day EMA of MACD), are expanding.

Also Read: Shiba Inu (SHIB) jumps on news of Robinhood listing.

Expanding negative bars indicate SHIB’s price momentum is favoring the bears.

Conversely, if SHIB manages to reverse its downtrend, the token would need to flip immediate resistance from its 100-day moving average (purple wave) near $0.0000253. A move above immediate resistance would likely help SHIB price target resistance near $0.0000273.

At the time of writing, SHIB was trading at $0.0002454, down 0.05% on the day.

FLOKI/USD

Shiba Inu’s distant cousin, Floki Inu, has been moving below a descending trendline resistance since charting an ATH on Nov 4, 2021. FLOKI prices have fallen nearly 94% from its ATH to reach a low of $0.00002509 on Apr 22.

If FLOKI prices continue their downtrend, the canine-themed coin might fall to immediate support near $0.000025. Moreover, a marketwide sell-off could see FLOKI prices fall to $0.0000219. FLOKI’s relative strength index is currently neutral, with a value of 37.88 on the daily charts.

FLOKIUSDT daily chart with RSI. Source: Tradingview.com
FLOKIUSDT daily chart with RSI. Source: Tradingview.com

However, the RSI trendline is moving towards oversold regions. Traders often consider oversold RSI levels as a buy signal. As such, FLOKI prices could begin an uptrend, challenging resistance from the descending trendline and the 50-day moving average (yellow wave) near $0.000032.

In addition, a sustained uptrend could see FLOKI prices rise to $0.0000406 before prices pull back.

At the time of writing, FLOKI was trading at $0.00002612, down 5.5% on the day.

CTK/USD

CTK prices jumped more than 21% on Apr 22, between the day’s low ($1.14) and high ($1.387) levels. However, bears swooped in to book profits, paring gains. At present, CTK prices have immediate support near $1.12.

A market-wide sell-off could push CTK prices to support near $1, a price level that has previously supported the CTK token’s price action between Jan 24 and Feb 24.

Meanwhile, momentum oscillator MACD continues to be bearish for the CTK token. However, bars on the MACD histogram, which charts the difference between the MACD line (difference between 12-day and 26-day EMA) and the MACD signal line (9-day EMA of MACD), seem to be contracting.

AMP, Cryptocurrency prices today: AMP, LSK, DOT, SHIB, FLOKI, CTK
CTKUSD daily chart with MACD. Source: Tradingview.com

Contracting negative bars indicate CTK’s price momentum is turning in the favor of the bulls. As a result, the CTK token could continue its uptrend. CTK price would need to flip immediate resistance near its 50-day moving average (yellow wave) at $1.245.

The price level previously acted as support for the CTK token between Mar 22 and Apr 11. Moreover, a sustained uptrend could see CTK prices rise to resistance from its 20-day MA (red wave) near $1.3.

At the time of writing, CTK was trading at $1.272, up 8.3% on the day.

close
AMP, Cryptocurrency prices today: AMP, LSK, DOT, SHIB, FLOKI, CTK

Subscribe Today
for our Weekly Newsletter

Free Weekly Crypto News without the spam.

Related Articles

Our Partners

SwapCoin.com RapidCoin.com ChangeNOW.com Paybis.com