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2021-07-05

Keep Network (KEEP) and Swipe (SXP) Technical Analysis: What to Expect?

Keep Network (KEEP) and Swipe (SXP) Technical Analysis

Keep Network and Swipe remain in range with glimpses of demand. SXP/USDT remains bullish above $1.5 while KEEP/USD has anchors at $0.20. Keep Network (KEEP) The KEEP token tags dividends and has a hashing model protecting against Sybil resistance. It makes the network permissionless and censorship-resistant. Past Performance of KEEP Evidently, from the daily chart, KEEP prices were pulverized. At present, bears are still in charge as prices range inside June 21 and 22 candlesticks. Technically, KEEP/USD prices could be distributing. However, bulls may swoop provided $0.20 holds. At the time of writing, KEEP is stable versus the USD. Day-Ahead and what to Expect KEEP/USDT prices are within a $0.15 zone with caps at $0.35 and $0.20. Sellers are in control as per price action in the daily chart. It is a long way to call bulls for KEEP since $0.40—the main resistance line is way out. At the same time, trading volumes are relatively low, explaining KEEP/USD price movement in a narrow range. KEEP/USD Technical Analysis The bull bar of June 27 may provide hope for KEEP bulls. However, risk-off traders may wait for a close above $0.35—in confirmation—before committing longs with targets at $0.40. On the flip side, if bears of May and June 2021 flow back, KEEP may drop to $0.15. Swipe (SXP) SXP is native to the Swipe Network, aiming to link the fiat and crypto worlds. Token holders receive discounts when making payments using it. Past Performance of SXP SXP/USDT prices are in a range above well-defined support at $1.5. Buyers appear to have the upper hand moving inside the triangle. As of writing, SXP is posting marginal gains versus the BTC, encouragingly at the back of decent participation. Day-Ahead and what to Expect The path of the least resistance from a top-down approach is southwards. Still, technically, buyers have the upper hand if the price action of the past few days guide. The primary support is around $1.5, while buyers could rally once $2.2 is broken. SXP/USDT Technical Analysis Determined sellers pin SXP prices, but there is the hope of recovery. A close above $2.2 confirms gains of late May 2021 in an accumulation that may lift SXP prices towards $3. On the other hand, since SXP/USDT prices are within May 19 and 20 bear candlestick, sellers are in charge from an Effort-versus-Bears perspective. Therefore, for sustained gains, a surge beyond $4 is ideal. Losses below $1.5 will deflate bulls as SXP craters to $1.2 and even $0.50—H1 2021 lows.

The post Keep Network (KEEP) and Swipe (SXP) Technical Analysis: What to Expect? appeared first on Cryptoknowmics-Crypto News and Media Platform.



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