Cryptocurrency prices today: ZIL, 1INCH, ADA, HOT, MATIC, VET

Key Takeaways:

  • The cryptocurrency market seems to be in recovery, with Bitcoin prices moving above $21,000 on Jun 21 after jumping nearly 24% since Jun 18.
The cryptocurrency market seems to be in recovery, with Bitcoin prices moving above $21,000 on Jun 21 after jumping nearly 22% since Jun 18.
The cryptocurrency market seems to be recovering, with several cryptos registering gains. Image from Unsplash

NEW DELHI (CoinChapter.com) — The cryptocurrency market registered 3.86% gains over the past 24 hours as several cryptos registered jumped over the weekend to rally upwards.

Bitcoin (BTC) prices rallied to move above $21,000 on Tuesday, jumping nearly 24% from Jun 18’s low of $17,592. Ethereum (ETH) and the other altcoins’ prices followed suit, with ETH prices moving above the psychologically vital $1,000 level.

The cryptocurrency market regained some ground over the past few days
The cryptocurrency market regained some ground over the past few days. Source: Coin360

However, stablecoins remain in the red, following the uncertainty among investors due to the bitter taste left by the demise of Terra’s UST stablecoin.

Investors remain worried about the Fed’s hawkish stance on inflation, with the traditional financial markets hurting as well. Moreover, increased benchmark rates might result in lesser liquidity for riskier assets like cryptos.

ZIL/USD

Blockchain platform Zilliqa’s native token ZIL’s prices registered a massive jump of nearly 35% between intraday low ($0.034) and high ($0.045) levels. Although ZIL prices moved above their 20-day exponential moving average (20-day EMA, red wave), the MA trendline rebuffed the uptrend.

The momentum oscillator MACD continues to forecast a strengthening upward momentum for the ZIL token. Moreover, ZIL’s MACD trendlines charted a bullish crossover on Jun 21. Traders usually consider the pattern a buy signal.

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

If ZIL prices continue their uptrend, a move above 20-day EMA might help the token breach immediate resistance near $0.045. ZIL’s immediate resistance previously supported the token’s price action between May 12 and Jun 11.

Also Read: Solana price jump more than 41% in a week after latest upgrade.

Breaching above immediate resistance might give Zilliqa an impetus to challenge resistance near $0.052, near ZIL’s 50-day EMA (purple wave). Conversely, if bears move to book profits, the crypto’s prices might drop to immediate support near $0.036.

Moreover, a marketwide sell-off might see Zilliqa prices test support near $0.03, which previously supported the Zilliqa token between Jun 13 and Jun 20.

At writing, ZIL was trading at $0.0421, up 21.9% on the day.

1INCH/USD

Decentralized exchange 1inch’s namesake token 1INCH prices closed Jun 20 with 18.2% gains, with bulls trying to keep the rally going. However, it seems bears have moved to book profits. Long wicks on both ends of the day’s daily candle highlight the tussle between the bears and the bulls.

The uptrend pushed 1INCH prices above its 20-day EMA (red wave), but the trendline rejected 1INCH’s price rally. As such, the cryptocurrency’s prices might fall to support near $0.63, which acted as the resistance between Jun 13 and Jun 19.

In addition, a marketwide sell-off might force 1INCH prices to $0.55 before the token recovers.

1INCHUSD daily chart with MACD
1INCHUSD daily chart with MACD. Source: Tradingview.com

Meanwhile, the momentum oscillator MACD continues to forecast a strengthening upward momentum for the 1inch token. Moreover, 1INCH’s MACD trendlines charted a bullish crossover on Jun 20.

In detail, a bullish crossover occurs when the MACD line (difference between 12-day and 26-day EMA) moves above the MACD signal line (9-day EMA of MACD). Traders usually consider the pattern a buy signal.

If traders continue their buying spree, 1INCH prices might move above its 20-day EMA and challenge resistance near $0.73. A move above their immediate resistance might help 1INCH prices rise to $0.9, a jump of 23% from current prices before corrections pare gains.

Also Read: Elon Musk sued for $258M while Dogecoin (DOGE) sank 12% in a day.

At writing, 1INCH was trading at $0.69, up 0.74% on the day.

ADA/USD

Cardano’s native token ADA’s 20-day EMA (red wave) resistance near $0.52 rebuffed the altcoin’s rally. Moreover, bears moved to book profits, resulting in ADA prices dropping 6.4% from the day’s high of $0.51 to reach $0.48.

If ADA prices continue to fall, Cardano might fall to support near $0.43, which previously supported ADA price action between Jun 12 and Jun 19. A marketwide sell-off could force the crypto’s prices to fall to support from multi-month descending trendline near $0.37.

ADA has rebounded from the descending trendline eight times since Sept 2021.

ADAUSD daily chart with MACD and descending trendline support
ADAUSD daily chart with MACD and descending trendline support. Source: Tradingview.com

Meanwhile, the momentum oscillator MACD forecasted a strengthening upwards momentum for ADA prices.

Negative bars on the MACD histogram are contracting, which means the MACD line (difference of 12-day and 26-day EMA) is moving towards the MACD signal line (9-day EMA of MACD). Once the MACD line moves above its signal line, it will form a bullish crossover, a buy signal for traders.

If bulls start a buying spree, ADA might try to reclaim 20-day EMA resistance at $0.52. Moreover, sustained buying pressure might provide Cardano the impetus to challenge resistance from its 50-day EMA (purple wave) near $0.6.

At the time of writing, ADA was changing hands at $0.48, down 1.83% on the day.

HOT/USDT

DeFi platform Holo’s native token HOT jumped 36.7% between Jun 18’s low of $0.0018 and Jun 21’s intraday high of $0.0025. The uptrend helped the Holochain token move above the 20-day exponential moving average (20-day EMA, red wave).

Also Read: Is Bitcoin Really Dead?

However, a sell-off by the bears pared some of ADA’s gains. If the sell-off continues, ADA might fall to support near $0.0019. A marketwide sell-off could see ADA prices fall more than 30% to test support near $0.0016 before recovering.

Meanwhile, the momentum oscillator MACD forecasted a strengthening upwards momentum for ADA prices.

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

Moreover, HOT’s MACD trendlines charted a bullish crossover on Jun 20. In detail, a bullish crossover occurs when the MACD line (difference between 12-day and 26-day EMA) moves above the MACD signal line (9-day EMA of MACD). Traders usually consider the pattern a buy signal.

If traders continue their buying spree, the Holo token might flip immediate resistance to $0.0024, which previously supported the crypto’s price action between May 12 and Jun 10.

Breaching above immediate resistance might help the cryptocurrency’s prices jump 24% to challenge resistance from its 50-day EMA (purple wave) near $0.0028.

At writing, HOT was trading at $0.0023, up 9% on the day.

MATIC/USD

Ethereum scaling solution Polygon’s native token MATIC’s prices jumped nearly 39% to reach an intraday high of $0.45 on Jun 21 from Jun 19’s low of $0.33. However, the long upper wick on Tuesday’s candle suggests bears are selling to profit from relief rallies.

If the sell-off continues, MATIC prices might fall to immediate support near $0.39. Moreover, a marketwide sell-off could see the Polygon token fall more than 21% to support near $0.33 before recovering.

Also Read: Bitcoin bottom finally in, says analyst who predicted BTC crash in 2021.

Meanwhile, the momentum oscillator MACD forecasted a strengthening upwards momentum for MATIC prices.

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

Negative bars on the MACD histogram are contracting, which means the MACD line (difference of 12-day and 26-day EMA) is moving towards the MACD signal line (9-day EMA of MACD). Once the MACD line moves above its signal line, it will form a bullish crossover, a buy signal for traders.

If traders start a buying spree, the altcoin’s prices might flip immediate resistance from its 50-day exponential moving average (50-day EMA, red wave) near $0.49. Once MATIC breaches immediate resistance, the crypto’s prices would likely target resistance from its 50-day EMA (purple wave) near $0.67.

At the time of writing, MATIC was trading at $0.43, up 6.75% on the day.

VET/USD

Smart contracts platform VeChain’s native token VET’s prices have been rallying upwards, jumping more than 27% between Jun 18’s low of $0.0199 and Jun 21’s intraday high of $0.025.

Moreover, VET’smomentum oscillator MACD continues to forecast strengthening upwards momentum for the VeChain token prices.

Negative bars on the MACD histogram are contracting, which means the MACD line (difference of 12-day and 26-day EMA) is moving towards the MACD signal line (9-day EMA of MACD). The MACD line seems likely to move above its signal line, soon forming a bullish crossover.

Traders often consider the pattern a buy signal, providing bullish cues for the cryptocurrency market.

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

As such, VET prices might rise to challenge resistance from their 20-day EMA (red wave) near $0.026. Moreover, once the crypto moves and consolidates above immediate resistance, the VeChain token’s prices might rise 34% to reach $0.033, near their 50-day EMA (purple wave).

Conversely, if bears start a sell-off, VET prices could fall to test support near $0.023. If the VeChain token fails to hold above immediate support, the crypto’s prices might fall nearly 20% from their current levels to test support near $0.02.

At writing, VET was trading at $0.0235, up 0.42% on the day.

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Cryptocurrency, Cryptocurrency prices today: ZIL, 1INCH, ADA, HOT, MATIC, VET

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