The cryptocurrency market is advancing this Monday, and this situation also supports the price of Zilliqa ZIL/USD, Holo HOT/USD, and Uniswap UNI/USD. Bitcoin has advanced above $39000 resistance, and according to technical analysis, everything indicates that the price could reach $40000 in the upcoming days or even hours.
“After the market sentiment saw a notable drop a week ago, it’s now starting to move in the opposite direction. The average 7-day moving crypto market sentiment score for ten major coins is up to 4.88, compared to 4.7 recorded a week ago,” the market sentiment analysis service Omenics reported.
The positive news is that Jack Dorsey, the current Chief Executive Officer of Twitter, said that he would integrate Bitcoin into Twitter’s products and subscriptions like Super Follows. Twitter is not the only social media platform with a plan to integrate cryptocurrencies; Facebook is preparing for the launch of Diem crypto, while the other popular platforms will probably do the same.
Zilliqa (ZIL) has found strong support above $0.060Zilliqa is a scalable and secure platform for developers who want to build decentralized applications. Zilliqa’s price has advanced from $0.05 above $0.084 since 21st July, and the current price stands around $0.080.
Data source: tradingview.com The critical support level stands at $0.060; $0.10 and $0.12 represent the resistance levels. If the price jumps above $0.10, it would be a signal to trade Zilliqa (ZIL), and the next target could be around $0.12.
On the other side, if the price falls below $0.060 support, it would be a firm “sell” signal and the open way to $0.050.
Holo (HOT) is trading again above the $0.006 level
Data source: tradingview.com Holo (HOT) currently trades around the $0.006 level, and it would be a strong sell signal if the price falls again below $0.005 support. The next price target could be around $0.004 or even below; still, if the price jumps above $0.008, we have the open way to $0.010.
Uniswap (UNI) could stabilize again above the $20 levelUniswap (UNI) has advanced from $14 above $20 since 21st July, and the current price stands around $19.
Data source: tradingview.com If the price jumps above $25, it would be a signal to buy Uniswap, and the next price target could be around $30. On the other side, if the price falls below $15 support, it would be a firm “sell” signal we have the open way to $13 or even $10.
SummaryThe cryptocurrency market is advancing this Monday, and this situation also supports the price of Zilliqa, Holo, and Uniswap. Zilliqa, Holo, and Uniswap are in correlation with Bitcoin, and if Bitcoin advances again above $40000 resistance, that will have a positive influence on the price of these cryptocurrencies.
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