Cryptocurrency prices are doing relatively well as the mood in the market improves. Bitcoin price has held steady above $21,000 while Ethereum, BNB, Solana, and Ripple have also held quite well in the past few days. Here is a summary of the top crypto news today. We’ll also look at the top 3 coin predictions: Spell Token, AirSwap, and Navcoin.
There are several factors driving cryptocurrency prices. First, crypto prices are doing well in sync with the performance of global stocks. American futures have continued rising, with the Dow Jones and Nasdaq 100 indices jumped by more than 1%. The same is true with European indices like the German DAX and France CAC 40.
Second, Bored Ape Yacht Club has sued artist Ryder Ripps and other associates. The suit alleges that the artists have been selling counterfeit products. This explains why the APE price has been doing well in the past few days.
Third, there is a likelihood that Celsius will be saved after all. Goldman Sachs is raising $2 billion with the goal of buying the company. Such a move will mean that the company will continue as a going concern. Finally, there is a potential for a bidding war for BlockFi. FTX and Morgan Creek Capital are competing o acquire the embattled company.
The Spell Coin price bounced back as demand for DeFi tokens bounced back. The coin rose to a high of $0.001340, which was the highest point since June 1st. It has then pulled back and moved below the important support at $0.0011, which was the lowest point on May 27th.
SPELL also remains slightly above the 25-period and 50-period moving averages. Therefore, the outlook for SPELL is still bullish, with the next key resistance level being at $0.001186. A drop below the key support at $0.0010 will invalidate the bullish view.
The Navcoin price has bounced back as demand for the coin jumped. It is trading at $0.1145, which is about 132% above the lowest level this month. It is slightly below last Friday’s high of $0.1282. The coin has surged above the 25-period and 50-period moving average.
Therefore, with the coin regaining momentum, it is likely to keep rising as bulls target the key resistance at $0.1340. A drop below the support at $0.1060 will invalidate the bullish view.
AirSwap price has risen sharply in the past few days as demand for the token rises. AST price has risen by more than 91% from its lowest level this month. In addition, it has risen above the 25-period and 50-period moving averages. It has also moved above the key resistance at $0.0733, which was the highest point on June 15th. The outlook for the coin is bullish, with the next key resistance being at $0.10.
This post was last modified on Jun 27, 2022, 09:29 BST 09:29