Top 3 Coins to Watch Today: EOS, FTM, OGN – April 18 Trading Analysis
Categories: Crypto News US
1. Eos (EOS)
EOS is a platform designed to allow developers to build decentralised apps. The project’s goal is relatively simple: to make it as straightforward as possible for programmers to embrace blockchain technology and ensure the network is easier to use than rivals. As a result, tools and a range of educational resources are provided to support developers who want to build functional apps quickly.
At the time of writing, EOS is ranked the 47th cryptocurrency globally and the current price is US$2.55.After a several-week accumulation and running stops below the December 2021 swing low, late-March began a bullish rally that climbed 38% by March 29, reaching the 2022 yearly open.If the bearish trend resumes, bulls might find the next higher-timeframe support between $2.10 and $1.90. This region, especially under $1.72, was inefficiently traded and has not been revisited since 2019.
2. Fantom (FTM)
Fantom FTM is a directed acyclic graph (DAG) smart contract platform providing decentralised finance (DeFi) services to developers using its own bespoke consensus algorithm. Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms – specifically transaction speed, which developers say they have reduced to under two seconds.
At the time of writing, FTM is ranked the 42nd cryptocurrency globally and the current price is US$1.16.Currently, the price is testing possible support near the weekly open, around $1.07. This level also has confluence with the 78.6% retracement of the current local range and the 18 and 40 EMAs.A more bearish tone in the market could propel the price lower. The lows, near $0.8730, might mark an area of possible support as well as a bearish target.
3. Origin Protocol (OGN)
Beginning Convention OGN is an organization that permits market members to share labor and products through distributed (P2P) organizations. The stage expects to make a broad web-based commercial center utilizing the Ethereum (ETH) blockchain and Interplanetary Document Framework (IPFS) to take out the requirement for mediators.
At the hour of composing, OGN is positioned the 190th cryptographic money internationally and the ongoing cost is US$0.6253. The region between $0.4668 and $0.5447 has provided support for the last few days, making it a reasonable place for aggressive traders to take smaller-size positions. However, a better risk-reward entry might form at support between $0.4344 and $0.4372.Beyond this first target, traders could target a swing high from last Year at $1.08 and possibly up to resistance between $1.15 and $1.22.