CoinMarketCap has shared its analysis with support from TradingView for two cryptocurrencies that are experiencing opposite trends. The first cryptocurrency being ArmzLegends (PROT) is observing a positive trend while SafeMoon (SAFEMOON) is observing a negative trend. We will now look at the individual performance of each cryptocurrency to see where they are expected to be in near future.
520.88% March Demonstrated by ArmzLegends
With the past 24-hour performance, ArmzLegends has cleared out any negative sentiments that the investors had about the digital asset. The investors are currently supporting the ascending nature of ArmzLegends, and they are pouring more money to support the asset.
So far, the investors have achieved a 520.88% rally, which has reportedly pushed ArmzLegends up to $0.01238 per PROT. The summary scale for ArmzLegends is going in favor of the bullish investors and the recent rally made it very clear that the bulls may not leave their leading position any time soon.
As of now, the RSI for ArmzLegends is over 50, which is promising for bullish investors. The bulls may continue with their buying spree, which may push ArmzLegends up to the resistance line ($0.02043).
Hitting the $0.02043 resistance mark would be the beginning of the ascending movement of ArmzLegends. As the rally grows stronger, the price of ArmzLegends may grow up to $0.02709 per PROT.
As the resistance level for ArmzLegends starts facing away, the bulls may increase their buying power to push ArmzLegends to a higher level. It is expected that the bulls may try and push the price of ArmzLegends up to the third resistance mark. At the time of writing, the third resistance mark for ArmzLegends is $0.03150 per PROT.
58.15% Plummet Demonstrated by SafeMoon
SafeMoon has moved into the negative zone in the past 24-hours, as the bears have increased their selling power for the digital asset. At the moment, the 24h plummet rate for SafeMoon is 58.15% and it has ended up pushing the price of SafeMoon to $0.0000004996 per SAFEMOON.
Considering the current sentiments of the investors, the bears can go on and increase their selling pressure. For now, the investors have low spirits about keeping up the price of SafeMoon. If the bears push harder, then the confidence of the investors may hinder, eventually moving SafeMoon’s price down to $0.0000003996 per SAFEMOON.
The RSI for SafeMoon is also below the midline, which suggests that SafeMoon may continue descending in terms of its value. If the bears increase their selling power, then the price of SafeMoon may get pushed down to $0.0000003597 per SAFEMOON.
If the investors keep providing support to the bears selling SafeMoon, then the price of SafeMoon may get pushed down to $0.0000003237 per SAFEMOON.
The post Price Analysis of ArmzLegends (PROT) and SafeMoon (SAFEMOON) appeared first on CryptocyNews.com.
from CryptocyNews.com https://www.cryptocynews.com/price-analysis-of-armzlegends-prot-and-safemoon-safemoon/
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