Suggested crypto prices: Nest Protocol, Jasmy, Suku
2023-04-30 14:21:36 ET
Bitcoin price approached the key resistance level of $30,000 as concerns from First Republic Bank (FRC) continued. The BTC/USD pair rose to 29,800, which was higher than last week’s low of 27,000. This rally has led to more upside for some other cryptocurrencies, including Tectonic (TONIC), Nest Protocol, Jasmy, and Suku.
Nest Protocol price estimate
The Nest Protocol describes itself as the most important protocol after Ethereum. It is a decentralized trading infrastructure that eliminates market participants and liquidity providers. It is useless with Nest Oracle, Nest Assets and Nest Craft to ensure efficient trading.
The Nest price surged over the weekend as it hit a high of $0.03474. This meeting occurred after the exchange completed attestation and onboarding of the Valid ID program.
It then plunged hard as the bullish momentum waned and traders began to take profits. This is a common occurrence, especially among thinly traded tokens. The token still remains slightly above the 25-period and 50-period moving averages while the MACD makes a bearish crossover.
Therefore, the outlook for the Nest price is bearish for now. However, we cannot rule out a situation where it bounces back as it tries to form a double-top pattern at least $0.30 and as investors buy the decline.
Jasmy price prediction
Jasmy is a popular small-cap cryptocurrency that is often referred to as Japan’s Bitcoin. The token has been in a strong bullish trend for the past few months. This rally has seen it jump from a low of $0.0042 in March to a high of $0.0073. On the 4H chart, the token has also recovered from last week’s low of $0.0056 to ~0.07.
It has moved above the 25-day and 50-day moving averages. The token is also approaching the key resistance point at $0.0074. It also appears to be forming a cup and handle pattern, which is usually a bullish sign.
Therefore, Jasmy is likely to continue to rise as buyers approach the top of the cup at $0.0073. A move above that would bring the $0.0075 resistance to view.
Suku price prediction
Suku is a small blockchain project that seeks to help grow the Web3 industry, in sub-sectors such as gaming, metaverse and community. Its ecosystem includes InfiniteWorld, CryptoDads. Chibi Inoz and Crypto Monkz among others.
The suku price went parabolic on Sunday and then quickly pulled back in a clear sign of a pump and dump. It was trending in social media platforms like StockTwits and Twitter. It rose to a high of $0.081 and then fell to the current $0.060. On the 4H chart, the token remains slightly above the 25-period moving average.
I suspect the token will be a bit volatile in the next few days. Like many other highly illiquid tokens, I do not recommend investing in Suku.
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