Cardano network activity peaked with a spike in transactions on the network. Charles Hoskinson, the CEO of IOHK, awaits the launch of Vaccuumlabs DEX on the Cardano network.
Decentraland (MANA) price has been on the rise in a challenging market environment. MANA bulls appear poised to take 28% of gains for this week after the price lifted from the 200-day simple moving average (SMA) and is now set to explode and remain above the monthly S1 support level. Expect more investors to join the rally once MANA price can consolidate above the S1 and set a price target of $2.57 later today.
This Friday, Polkadot (DOT) price is looking heavy after bulls were rejected from higher up the monthly S1 support. With this rejection, the price is now turning back down and looks set to drop below $16.95 at any time as the pressure on the bulls to exit positions continues to mount. Expect this correction to gather momentum towards the US session and see a test of this week’s low at $16.00, losing 10% of its value in the process.