The crypto money market has gone through a wavy process in January. Many cryptos have reached their new peak levels and experienced sharp corrections after breaking historical records. However, despite this volatility, some assets have regained their losses and is currently close to significant levels of resistance. This prepares a potential ground for new summits for the next month. Analyst Aaryamann Shrivastava detected three crypto currencies expected to explode recently and examined their price movements.
Leading crypto currency, at the top of the list: Bitcoin (BTC)
As one of the largest crypto currencies, Bitcoin is the closest to realizing the highest level of a new time (ATH). BTC is currently only 6.89 %of the $ 109,568. With the ongoing Taurus momentum in the crypto market, BTC is seen as a strong candidate towards new peaks, and investors are hopeful that Bitcoin will reach record levels this time.
However, Bitcoin has not yet successfully exceeded the level of $ 106,193, and there is no clear verification that the rise will continue without completing a double-bottish (double-bottom). The main goal of the BTC in the short term is to reach $ 110,000, a psychologically important level. This level may confirm that the bull momentum continues. According to the analyst, Bitcoin can be expected to potentially rise to $ 113,428 if Bitcoin remains above $ 100,000.
There is also an increase in rise for XRP
According to the analyst, the XRP progresses in parallel with the route of Bitcoin and increases above $ 3.40, just 9.39 %away to make a new all -time summit. Altcoin has managed to stay on the trend line by following a continuous rise trend since the beginning of the year. This momentum makes investors optimistic about the possibility of a new explosion. Despite some decrease signals in the market, the XRP has successfully defended its support of $ 2.95. The preservation of this level is critical to maintain the rise of XRP.
If the price continues to remain above this level, the XRP may gain the acceleration required to cross the AC level. However, if the support of $ 2.95 is lost, market sensitivity may vary and the price of XRP may decrease to $ 2.73 or lower. According to the analyst, such a movement may invalidate the bull appearance and delay the recovery process of Altcoin.
At the end of the list, there is BNB
The BNB lost the critical support level of $ 686, and according to the analyst, it made it one of the rare large crypto currencies that went under the important thresholds of coin. He is currently trading at $ 674, but he is trying to win the $ 686 level again as a support. Restoring this level can initiate a back leap towards the resistance level of $ 741.
The BNB is only 17.7 %from $ 793 with an AC level, which makes it one of the closest tokens to explode. If the level of $ 741 is attached to support, the price of Altcoin can rise to the level of $ 793 and make a new AC. However, if the current decrease continues according to the analyst, BNB may decrease to $ 647, the next major support level. The loss of this level may invalidate bull expectations and postpone hopes for a new AC.
