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The cryptocurrency market recovered after ETF activity and Bitcoin surpassed the 50 thousand dollar band. Bitcoin’s horizontal course offers an opportunity for altcoins to rise. However, one of the coins that showed a serious rise was SPEEL and WLD. While SPEEL rose over 65 percent. On teh other hand WLD is up almost 20%. Which leves should we follow for SPEEL and WLD? What are resistance and support levels? Here are the details.
SPEEL Coin Price Analysis:
SPEEL is almost 65% up in just 1 day. What are the support and resistance levels in SPEEL, which has shown an incredible rise today while Bitcoin is on a downward trend?
Support level for GLM is $0.26 and resistance is at $0.47.
WLD Price Analysis:
WLD has increased by more than 245 percent since February 12, from $2.5 to more than $8. WLD has more than tripled its price in this short time.
While the support zone in WLD is $8, the resistance level is the $9 band.
With Bitcoin exceeding $51,000 and money flowing into the market, altcoins are on the rise. However, a possible bad data in the market may also lead to declines in all cryptocurrencies, especially Bitcoin.
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