Stellar Lumens, Ontology, Enjin Price Analysis: 21 November


Bitcoin’s market cap was continuing to hit new ATHs, with the same climbing to $344 billion, at the time of writing. In fact, the same had even surpassed the previous ATH of $328 billion achieved back in late-2017.

Some of the market’s altcoins saw surges corresponding to the positive sentiment in the market. For instance, Stellar Lumens saw heavy buying in recent days. Further down the crypto-ladder, Ontology was on a strong uptrend but it was due for a pullback, while Enjin Coin could see a drop in price over the coming days.

Stellar Lumens [XLM]

Stellar Lumens, Ontology, Enjin Price Analysis: 21 November

Source: XLM/USD on TradingView

Just like the surge in early July for XLM, the most recent surge for XLM was backed by strong buying volume. The cryptocurrency’s price ascended past the level of resistance at $0.09, but it might be unable to hold on since it is due for a pullback soon.

However, XLM can be expected to post further gains in the coming days. The next levels of resistance lay at $0.095 and $0.1, although whether XLM can reach those targets will also be influenced by Bitcoin’s price over the coming weeks.

Ontology [ONT]

Stellar Lumens, Ontology, Enjin Price Analysis: 21 November

Source: ONT/USDT on TradingView

Ontology was on an uptrend after sinking to as low as $0.4 earlier this month. And yet, the price exhibited a bearish divergence even as it climbed past a level of resistance at $0.513.

This did not indicate an immediate pullback to the previous support at $0.48. In fact, it underlined the possibility that ONT could offer a better price to buyers in the coming days.

READ  Surprise Mane from Acapulco Shore in tremendous pose on yacht

A region of demand would be at $0.48, marking it as a good area to enter a trade if ONT does note a pullback.

Enjin [ENJ]

Stellar Lumens, Ontology, Enjin Price Analysis: 21 November

Source: ENJ/USDT on TradingView

ENJ formed an ascending triangle on the charts, but the pattern was busted when an upward breakout was met by strong selling pressure.

The price was forced back under the level at $0.143 and was also trading beneath its 50-period moving average. The SMA can also be expected to act as resistance.

A busted triangle pattern such as this could see ENJ drop to the base of the pattern in the coming days, which would be $0.125.

About the author


Linda Hopkins

Linda is one of the oldest contributors to Sunriseread. She has a unique perspective with regards to business and technology. She aims to empower the readers with the delivery of well-written news pieces, and most importantly, she always tries to bring the news quicker to the readers.

Add Comment

Click here to post a comment

Quick Contact!

To get in touch with Sunriseread or to tell us about a Story or Press Release, just send an email to lindahopkins128 @
. And, we will get back to you shortly.