Bears can try to push the price below $0.24, a key support level where bulls are expected to buy heavily. LOOM price may move towards its breakout point at $0.19 if it drops from this level.
In recent hours, buyers have been acting hastily, causing a breakout from consolidation. A spike above $0.3 might confirm a 3x gain, and the LOOM price could hit a high of $0.9.
Prices for Bancor Network (BNT)
The price of BNT increased by roughly 30% over the previous seven days. Trading participants are gearing up for another spike next week, despite the BNT price losing 50% of the value it had gained over the previous three days.
Recently, around $0.449, the price made an attempt to fall below the EMA50 trend line. However, buyers are still maintaining the pace and exerting pressure to buy around the dip. BNT price may attempt a leap above $0.61 if it rises above the upward line of the pattern. If successful, this will raise the price of BNT above $0.7.
However, a decline under $0.48 will confirm a bearish trend in the direction of the breakout range of $0.4–$0.42.
Price Analysis of Solana (SOL)
The 200-day EMA was just breached by the Solana price as a result of selling pressure from STHs. The SOL price, however, has successfully recovered from $21 and is currently showing significant gains.
The steady EMA lines and rising RSI line indicate a bullish advantage. Bulls will attempt to push the price above $25 if SOL price jumps above $22.5 in order to support their positions.
On the other hand, should the price fall below $21, the edge would tilt in favour of the purchasers in the near run. The price may then stabilise at around $18.