The crypto space seems to be preparing for a bearish weekend as most assets are on the verge of experiencing a significant drop. Bitcoin price is currently swinging around $20,500. The global crypto market cap has also witnessed slight growth, which could keep the bullish momentum alive. Because; QNT, BNB, RUNE etc. Some altcoin projects are expected to maintain a strong uptrend.
Analysts expect bullish for altcoin Quant (QNT)
QNT price ignited a strong uptrend since the start of July trading. It gained more than 103 percent, hitting monthly highs of over $110. However, the asset is down more than 15 percent since the early trading hours while the bulls still appear to be well positioned. Due to the extreme bearish pressure, the bull is expected to remain passive over the weekends and take action soon once the asset reaches lower support.
With a notable recovery from $89 or $90, Quant price could regain levels above $100, according to analyst Sahana Vibhute. It may continue to rise to $120 next week.
What’s next for Thorchain (RUNE)?
Thorchain price has maintained a notable bearish trend since its inception, forming steady lows and highs. The asset is expected to consolidate over the weekend, encouraging strong bullish momentum. By mid-week, prices are expected to recover well from $2 and form a bullish path towards $6. Once these levels are broken, the asset could rise further to test the upper resistance at $8. It may be bitterly rejected before we test the $10.
VeChain (VET) fell hard
The VET price has witnessed several major price drops, dropping more than 60 percent since the May crash and more than 76 percent since its 2022 high. The downtrend was supported by several bearish flags. However, the asset refused to dive after creating a bearish flag. Therefore, the price may continue consolidating over the weekend. It may reach the pinnacle of consolidation. As the bearish pennant failed to push the price down, the descending triangle might not force the price to trade lower. Therefore, a clear break above $0.03 seems imminent.
