Crypto Price Predictions: Nest Protocol, Jasmy, Suku

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2023-04-30 14:21:36 ET

Bitcoin price approached the key resistance level at $30,000 as First Republic Bank (FRC) concerns continued. BTC/USD surged to 29,800, which was higher than last week’s low of 27,000. This rally has led to further upside for some other cryptocurrencies, including Tectonic (TONIC), Nest Protocol, Jasmy, and Suku.

Nest Protocol Price Prediction

Nest Protocol describes itself as the most important protocol after Ethereum. It is a decentralized trading infrastructure that eliminates market makers and liquidity providers. There is no need for Nest Oracle, Nest Assets and Nest Craft to ensure efficient trading.

Nest price jumped sharply over the weekend, reaching a high of $0.03474. This rally took place after the exchange completed attestation and onboarding of the Valid ID program.

@NEST_Protocol has completed the attestation and integrated the Valid ID platform. They join zCloak to build a web of trust in the Web3 world. @valid3_id powered by @zCloakNetwork Many other bullish collaborations to meet various ecosystems to promote true…

— Wale (@TweetByWale) April 28, 2023

It then plunged hard as the bullish momentum faded and traders started taking profits. This is a common occurrence, especially among thinly traded tokens. The token still remains slightly above the 25 and 50 period moving averages while the MACD makes a bearish crossover.

Therefore, the outlook for Nest price is bearish at the moment. However, we cannot rule out a situation where it bounces as it attempts to form a double top pattern at least at $0.30 and investors buy the dip.

Jasmy Price Prediction

Jasmy is a popular small cap cryptocurrency often referred to as Bitcoin from Japan. The token has seen a strong uptrend over the past few months. This rally saw it rise from a low of $0.0042 in March to a high of $0.0073. On the 4H chart, the token has also recovered from last week’s low of $0.0056 to ~0.07.

It moved above the 25 and 50 day moving averages. The token is also approaching the key resistance point at $0.0074. It also seems to form a cup and handle pattern, which is usually a bullish sign.

Therefore, Jasmy will likely continue to rise as buyers approach the top of the cut at $0.0073. A move above that will bring resistance at $0.0075 to view.

Suku Price Prediction

Suku is a small blockchain project that aims to help grow the web3 industry, in subsectors like games, metaverse, and communities. Its ecosystem includes InfiniteWorld, CryptoDads. Chibi Inoz and Crypto Monkz among others.

Suku price went parabolic on Sunday and then quickly pulled back, a clear sign of a pump and dump. It was trending on social media platforms like StockTwits and Twitter. It reached a high of $0.081 and then fell to the current $0.060. On the 4H chart, the token remains slightly above the 25-period moving average.

I suspect the token will be a bit volatile in the coming days. Like many other highly illiquid tokens, I do not recommend investing in Suku.

Post Crypto Price Predictions: Nest Protocol, Jasmy, Suku appeared first on Invezz.

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