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Altcoin Thursday: Streamr (DATA)

19 August 2021 | ZebPay Trade-Desk

Streamr is an open-source decentralized crowdfunding platform for real-time data processing. Streamr Network is the heart of this platform, allowing devices and users to share their data. The network’s native token is DATA. DATA is a cryptocurrency that supports the Streamr ecosystem in various ways and is an ERC20 token on the Ethereum blockchain.




Data has witnessed a massive rally from the previous bottom of $0.0742 up to $0.1829 surging almost by 146% within a month. The asset is facing stiff resistance around $0.1825 levels as the longer upper shadows indicate selling or profit booking. If the prices breach the resistance with good volumes then we can expect another rally up to $0.23 and if it fails to do that the asset can drop or correct up to the support level of $0.135.

Support 2Support 1AssetResistance 1Resistance 2
$0.085$0.135DATA$0.230$0.290

Disclaimer: This report is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation, or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this report based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness, or reliability of the information, opinions, or conclusions expressed herein. This report is preliminary and subject to change; the Company undertakes no obligation to update or revise the reports to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Trading & Investments in cryptocurrencies viz. Bitcoin, Bitcoin Cash, Ethereum, etc. are very speculative and are subject to market risks. The analysis by Author is for informational purposes only and should not be treated as investment advice.

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