Zilliqa has seemed ready for some upwards movement for the last day or two. We retested the break out of our falling wedge on the 6th, again on the 7th, and here we are on the 8th.
BTC's steady creation of new highs and social media attention seem to have kept it in the spotlight for the last days. A short term (BTC) overbought correction may soon be imminent. However, average joe and his grandma are talking about crypto... BTC's strong buy sentiment cannot be ignored. ALT's may lack a ton of movement today as BTC Dominance stays strong. This whole year will be uncharted territory based on our current circumstances. Political issues, stimulus coming, dollar weakening... crypto's perfect storm. We know in the longer term we're headed nowhere but up.
If we fail to hold support around $.071 we could be in for another short term dip down to the $.066-.065 area.
Keeping an eye on BTC.D as we have approached resistance area. If it fails to break above, ZIL and ALT's could see some growth as dominance falls a bit.
BTC's steady creation of new highs and social media attention seem to have kept it in the spotlight for the last days. A short term (BTC) overbought correction may soon be imminent. However, average joe and his grandma are talking about crypto... BTC's strong buy sentiment cannot be ignored. ALT's may lack a ton of movement today as BTC Dominance stays strong. This whole year will be uncharted territory based on our current circumstances. Political issues, stimulus coming, dollar weakening... crypto's perfect storm. We know in the longer term we're headed nowhere but up.
If we fail to hold support around $.071 we could be in for another short term dip down to the $.066-.065 area.
Keeping an eye on BTC.D as we have approached resistance area. If it fails to break above, ZIL and ALT's could see some growth as dominance falls a bit.