The cryptocurrency market is wondering where the money coming out of Bitcoin will go after the rise. However, some cryptocurrencies have recorded serious increases. Some of these were SPELL and PLA. While SPEEL rose over 65 percent, it fell by more than 20 percent today. On the other hand WLD is up almost 5%. Which leves should we follow for SPEEL and PLA? What are resistance and support levels? Here are the details.
SPEEL Coin Price Analysis:
SPEEL is almost 65% up in yesterday. Today investors realised their earnings and SPELL fell by almost 20%. 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 SPELL is $0.0007 and resistance is at $0.001.
PLD Price Analysis:
PLD has increased by more than 65 percent since February 20, from $0.15 to more than $0.25.
While the support zone in PLD is $0.2, the resistance level is the $0.23 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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