Bitcoin demonstrated the potential to achieve a new historical maximum, but then rolled back to an important level of support. Nevertheless, intra -day growth caused optimism among altcoins.
Maker (MKR)
The MKR price has decreased by 12% in the last week, but can recover with the beginning of the first phase of MKR update to Sky, starting on May 19. This transition, which is part of the Maker rebranding in Sky, is aimed at completing the transformation of the ecosystem and attracting the interest of investors.
The approval of executive voting will allow Sky to become the Sky ecosystem control tokene. This strategic change can contribute to the restoration of MKR price to $ 1,894, with a possible further movement to the key level of resistance by $ 2,188, which signals the resumption of bull impulse in the market.
However, if the MKR falls below the support level of $ 1,655, it risks decreasing to $ 1,555 or even to $ 1,325. This fall cancel the bull forecast, signaling the increase in sales pressure and a possible long -term decline.
Official Trump (Trump)
The price of Trump remains stable due to low volatility, but bull signals in the market help to avoid falling. The Ishimoku cloud supports this stability under the candles, indicating the potential for sustainable growth against the background of positive trends.
The official Trump token expects a significant growth on May 22, when the 220 best Trump holders will join the US President in Washington on a Gala dinner. This event can cause a price increase, as holders often actively respond to actions related to the US President.
This event may push the Trump price to overcome the resistance levels by $ 13.36 and $ 14.53, in order to reach $ 17.14. However, a breakdown below $ 12.18 threatens to lead to a decrease to $ 10.29, which will cancel the bull forecast and will cause a significant drop in price.
Floki (Floki)
Floki is trying to recover after recent losses of 21%, unable to overcome the resistance by $ 0,000113. The parabolic SAR above the candles indicates the pressure, which implies a probable decrease in the price of memcoin in the near future.
The upcoming Badai Airrod, postponed from February, can positively affect the price of Floki. Investors awaiting this event are able to strengthen the consumer impulse if favorable news appears. This can potentially compensate for bear signals and maintain price stability.
If Floki overcomes a $ 0,000100 mark, it can reach a resistance at $ 0,000113 and start the ascending trend. However, if the price drops below $ 0.000090, this can lead to a decrease to $ 0.000071, which will cancel the bull forecast.
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Source: Cryptocurrency
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