4th July - Crypto Technical & Market Watch
Gram Asia to Sell Telegram Tokens at Three Times ICO Price
South Korea’s Gram Asia is selling rights to its Gram holdings at $4.00 per token starting July 10, according to a report by Bloomberg on July 3.
The proposed sale price is triple the original $1.33 sale price at Gram’s second initial coin offering (ICO) round in March 2018.
The sale on July 10 is apparently happening exclusively through Japanese cryptocurrency exchange Liquid, as per its website. Liquid also hosted the Gram ICO in March, at which time Telegram raised $850 million, bringing its total valuation up to $1.7 billion.
Citing an email from the exchange, Bloomberg reports that users who buy Gram with the exchange’s native token, QASH, will get a $0.50 discount per token.
The price bounced off from just below $9,977.33. The BTC/USD pair can now move up to $12,500 where it might face stiff resistance. If this level is crossed, the bulls will attempt to ascend $14,000 and resume the uptrend. we believe it will be healthy for the uptrend if the digital currency consolidates for a few days. That will help it make a new higher floor that will be a strong support.Our neutral to bullish view will be invalidated if the digital currency reverses direction from the resistance $ 11,400.
Ether (ETH) bounced sharply from $ 320 Ether (ETH) bounced sharply from If the bulls can propel the price and sustain above $ 269 a rally to $320.84 is likely.If the ETH/USD pair turns down from $ 269 and $ 293 it can drop to the next support at $225.We will recommend long positions after a breakout and close above $320.840. We wait for any positive trends.
The bulls have held the support at $0.37835 for the past two days.Below $0.37835, Ripple (XRP) can correct to $0.35660. If this level also cracks, the fall can extend to $0.27795. If bullish it can rally to $ 0.45 is possible.The pair will pick up momentum on a breakout of the recent high of $0.5050. We will wait for further trades.
The bulls are struggling to push it above this level, which is a negative sign.A failure to break out of $ 427 in the next couple of days will attract selling that can drag the price to the support line of $ 411. This shows that the sellers have the upper hand. The trend will weaken if the BCH/USD pair breaks down of the channel. The next support is way lower at $280.We will wait for some positive trends.
Disclosure: The author holds no cryptocurrency at the time of writing.
Register for Technical news and market update email@example.com