These 3 Coins Have Broken Out Above Crucial Moving Averages

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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 discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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