Markets Technical Analysis

These 3 Coins Have Broken Out Above Crucial Moving Averages

By Valdrin Tahiri
Updated by Gerelyn Terzo
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In Brief

  • ADA, XLM and ZIL have all moved above their 200-day moving averages (MA).

  • ADA is trading between support and resistance at 540 and 690 satoshis, respectively.

  • Stellar has broken out from a long-term resistance line. The next resistance level is found at 910 satoshis.

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Over the past five days, Ziliqa (ZIL) has increased by 50%. This upward move began as soon as the price moved above its 200-day moving average (MA). The 200-day MA often acts as support/resistance, depending on if the price is trading above or below it. Several other altcoins have recently moved above their respective MAs, one of which is Cardano (ADA). Well-known crypto trader
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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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