Zilliqa, VeChain & Stellar — Asian Wrap 27 July

Zilliqa-Ethereum bridge delays but ZIL price eyes retest of $0.0859

Zilliqa price is currently approaching a crucial support level that could trigger a bounce, leading to a new uptrend. However, there are chances of this barrier failing under increased selling pressure. Therefore, investors need to keep a close eye on the bounce. Zilliqa bridge is a highly anticipated connection that brings interoperability between the two networks.

 

VeChain price reaches the limit, easy money in VET has been made

VeChain price did trade below the June 22 low in July but has responded with a 40% return (based on the current price) over the last six trading days, a sign of commitment and emotion in a cryptocurrency that had lead the market lower. However, the easy money has been earned as VET is now confronted by four credible indicators, forming a commanding resistance level that will limit the upside for at least the short term.

 

XLM Price Prediction: Stellar faces technical challenges, upside limited

XLM price has climbed over 40% since the July 20 low, shredding the trading range defined by the descending parallel channel since the end of June. The rise has taken Stellar to a trifecta of resistance around $0.278, but enthusiasm behind a potential Moneygram deal is proving to be insufficient in busting the resistance. 


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