Venus XVS – Roller coaster not for the faint of heart
Venus (XVS) is an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain ( BSC ).
The combination of Defi project + binding to Binance gave a good result, the price of XVSUSDT increased from $2 to almost $150
But the real roller coaster for traders happened on May 18-19, then the price for 2 hours increased from $80 to $140. (Against the background of purchases to get a new VRT reward token) and already during May 19, the price of XVSUSD fell from $140 to $32. Only spot traders could survive such a ride, while the deposits of marginals were confidently multiplied by 0.
Tonight, against the background of the BTC shot up, the price of XVS also showed an increase, although much better +50%
Such volatility is very dangerous to trade on a margin account, only on a spot.
By the way, the white route from our idea BTCUSDT worked pretty well
The weekly candle has worked out almost all its growth potential in a day
Let’s define the key levels:
To continue the upward rally, the XVSUSDT price needs to be corrected, at least up to $20
The first target for growth is $35, if it is easily overcome, then hello $59-60.
Correction: here we will have to look at how powerful the growth will be and what the overall situation will be in the crypto market.
However, based on the current data, we believe that in the future it will be possible to place buckets for purchases on the spot in the liquidity zone of $10-11. What if we get lucky and pour it, who knows what they have prepared for us in the future)
DEGO. There are volumes, interest, and price growth
Dego Finance is an independent, open NFT ecosystem where anyone can issue NFTs, initiate mining, auctions, and trading. It offers a diverse mix of NFT and Decentralized Finance (DeFi) tools.
The project was founded by an anonymous team in 2020 at the beginning of the hype growth of DeFi projects.
Since then, the DEGO (utility token) used to manage the Dego Finance ecosystem has grown in value from $0.50 to almost $35, a modest x70 growth.
The DEGOUSDT pair price correction began in March 2021 and only in May-June was synchronized with the BTC price movement.
In recent days, trading volumes began to enter the DEGOUSD trading pair (perhaps there is a fundamental news reason for this? Write about it in the comments)
Increased volumes mean increased interest, and increased interest can trigger continued growth.
As of now, there is a possibility of growth in the price of DEGO to the levels of $13.50 and even to $18.50
Local support where buyers will activate buying $9.00-9.50
More global support, where the DEGO price may fall in the future, is in the $6.50 region.
Alice Walks technically, gives chance to make money, just wait
It took only two weeks for the price of the AliceUSDT pair to fully work out the previous idea
First, the Alice price fell into the buy zone of $3.80-4.60, making a -50% maneuver.
And then a miracle happened)
Growth from $4 to $15 per week, which is +280%
Who listened to us could make good money
Now, it would be good for the AliceUSD price to correct a little again before further growth.
Buying zone after correction — $7.50-9
Sales area $22.50-23.50