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Top 3 Coins to Watch Price Analysis - Where Are OGN, FEAR and IOTX Heading?


coincodex.com 19 July 2021 14:46, UTC
Reading time: ~5 m

Earlier today, we released a new article about this week's top coins to watch. These included Origin Protocol (OGN), Fear NFTs (FEAR), and IoTeX (IOTX).

In this analysis, we will cover these three coins from a technical analysis perspective to help provide some of their most important support and resistance levels.

Origin Protocol (OGN) price analysis

What has been going on?

OGN is down by a sharp 22% over the past month of trading as the cryptocurrency currently trades at around $0.68. During the mid-May market capitulation, OGN dropped into the support at $0.559, provided by a long-term .886 Fib Retracement level. It held this support and rebounded at the end of May but could not overcome resistance at the 100-day MA at around $1.20.

Since being rejected at the 100-day MA, OGN has trended lower to re-test the .886 Fib Retracement support again toward the of June. 

In July, OGN started to climb higher but was once again rejected at the 100-day MA, at around $0.95. 

OGN is now ranked in the 143rd position as it currently holds a $215 million market cap value.

OGN price short term prediction: Neutral

OGN can be considered neutral until a daily closing candle beneath $0.559 (.886 Fib Retracement), at which point it would be regarded as bearish. On the other side, it would need to break resistance at $1.20 (June highs) to turn bullish again.

If the sellers push lower, the first support lies at $0.65. This is followed by $0.6, $0.559 (.886 Fib Retracement), $0.5, and $0.467 (downside 1.272 Fib Extension). Added support then lies at $0.4, $0.368 (downside 1.414 Fib Extension), and $0.3.

Where is the resistance toward the upside?

On the other side, the first strong resistance lies at $0.8 (50-day MA). This is followed by resistance around $0.9, provided by the 100-day MA and the falling trend line. If the bulls can continue to break $1.00, resistance lies at $1.20 (June highs), $1.40, and $1.46 (bearish .382 Fib Retracement).

Fear NFTs (FEAR) price analysis

What has been going on?

FEAR has seen an extraordinary week in the market in which it managed to surge by as much as 310% to reach the current price of around $1.78. The coin started to surge higher around the 12th of July as it surged from $0.4. By the 15th of July, FEAR had reached resistance at around $2.00. From there, it dropped lower but found support at a rising trend line that forms the lower boundary of the ascending wedge that it is trading within.

Over the past few days, FEAR continued to surge higher and managed to reach as high as $2.30, where it hit resistance at the upper angle of the rising wedge formation. It has since dropped back into the lower wedge support.

FEAR has a very low market cap as it sits at just $8.46 million, putting it in the 704th ranked position.

FEAR price short-term prediction: Bullish

After a 300% weekly increase, FEAR is currently bullish. The cryptocurrency would need to fall beneath the rising ascending wedge formation to turn neutral again, and it would have to continue to drop further beneath $1.00 to be in danger of turning bearish in the short term.

IF the sellers do push beneath the wedge, the first level of support is expected at $1.60 (.382 Fib Retracement). This is followed by support at $1.36 (.5 Fib Retracement), $1.20, $1.13 (.618 Fib Retracement), $1.00, and $0.87 (.786 Fib Retracement).

Where is the resistance toward the upside?

On the other side, the first level of resistance is now expected at the $2.00 level. Above this, resistance can be expected at $2.20 and $2.30 (previous high). Beyond the highs, additional resistance lies at $2.40, $2.52 (upper angle of the wedge & 1.272 Fib Extension), $2.60, $2.75 (1.414 Fib Extension), $2.90, and $3.00.

IoTeX (IOTX) price analysis

What has been going on?

IOTX is down a small 12% over the past month of trading as the coin currently trades at the $0.19 level. It fell from a high of around $0.8 at the start of May and started to plummet. By the end of the month, IOTX was already beneath the 200-day MA as it sat at $0.025.

In June, IOTX continued lower until support was met at $0.0129. From there, it has attempted to rebound higher as it currently sits inside a small rising triangle formation, with the roof of the triangle at $0.212. It is using the lower angle of this triangle as support.

IOTX is ranked in the 156th position as it currently holds a $180 million market cap value.

IOTX price short-term prediction: Neutral

IOTX can be considered neutral right now, but a break beneath the $0.015 level would turn the market bearish in the short term. On the other side, it would need to break above at least $0.03 (June highs & bearish .236 Fib Retracement) to be considered bullish.

Looking ahead, if the bears push lower, the first support lies at the lower angle of the current triangle. Beneath this, support lies at $0.0166, $0.015, $0.0129 (June lows), and $0.01.

Where is the resistance toward the upside?

On the other side, the first resistance lies at $0.0212 (upper angle of the triangle). This is followed by $0.025 (200-day MA), $0.03 (bearish .236 Fib Retracement), $0.035, and $0.04 (bearish .382 Fib Retracement).


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