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ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action

ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action

CoineditionCoinedition2024/10/02 16:00
By:Maxwell Mutuma
  • ICP faces critical support at $8.00, with potential downside if breached further.
  • WLD’s recovery hinges on maintaining support at $1.60 to avoid deeper losses.
  • XMR may gain momentum above $142, while VET needs to break $0.02302 for upside.

Internet Computer (ICP), Worldcoin (WLD), Monero (XMR), VeChain (VET), and Polkadot (DOT) have shown interesting price action in a short period. Despite overall volatility, these five coins offer potential opportunities for traders.

Internet Computer (ICP) Shows Mixed Signals

As at press time priced at $8.11 , ICP has seen a slight decline of 2.90% in the last day. Key support is evident at $8.00, where the price has rebounded multiple times. A breach below this level could increase selling pressure, targeting the $7.85-$7.90 range.

ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action image 0 ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action image 1 Source: Coinmarketcap

Resistance appears at $8.20, as price rejections suggest it will challenge upward momentum. If ICP surpasses $8.20, it might retest the $8.38 level, indicating a potential reversal in sentiment.

Worldcoin (WLD) Struggles with Resistance

Worldcoin is trading at $1.62 after a 5.22% decline in the past day. The immediate support level stands at $1.60, where the price has repeatedly dipped. If it breaks this level, the next target is $1.55, which could trigger additional selling.

ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action image 2 ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action image 3 Source: Coinmarketcap

Resistance levels are set around $1.65 and $1.70-$1.72. If the price can hold above $1.60, there may be a chance for a rebound toward $1.65 or higher.

Monero (XMR) Faces Downward Pressure

Monero’s price currently sits at $139.93 , reflecting a 4.53% decline. The immediate support level is around $136.00, where price stabilization has occurred in the past. A breach of this support could lead to further losses, targeting the $133.00 mark.

ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action image 4 ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action image 5 Source: Coinmarketcap

Resistance is currently at $142.00 and $146.50. Breaking above $142.00 could suggest a shift in momentum, leading to potential gains.

VeChain (VET) Shows Signs of Weakness

VeChain, currently priced at $0.02259 , has declined by 2.18%. The immediate support level is around $0.0226, where it has found temporary stabilization. Below this, $0.0222 serves as a stronger support level. 

ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action image 6 ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action image 7 Source: Coinmarketcap

On the resistance front, $0.02302 is the recent high to watch. If VET can push above this resistance, it may aim for $0.0233, where selling pressure previously materialized.

Polkadot (DOT) Experiences a Downtrend

Polkadot is trading at $4.13 , down 2.41%. The immediate support level is at $4.10, a crucial area where previous consolidation has occurred. 

Read also :   Mixed Signals: AVAX, ADA, DOT Face Hurdles Despite Growing Interest

ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action image 8 ICP, WLD, XMR, VET, DOT: 5 Coins with Interesting Price Action image 9 Source: Coinmarketcap

If the price drops below this level, $4.00 could be the next target. Resistance is set at $4.22 and $4.25. A breakthrough above $4.22 is essential for DOT to start a recovery.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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