PEPE price held back to baseline levels after rallying 20x in April and May. It is a matter of curiosity to which altcoins the money coming out of the meme token, which has collected a billion dollars in volume in a short time, will now flow. New analysis shows that AVAX and these 7 altcoins will be the first candidates approaching ideal opportunity regions.
Milkybull points out AVAX and the possibility of a rally of these 7 altcoins
Popular crypto analyst Milkybull has included his predictions for AVAX, BNB, LINK, NKN, SOL, RNDR and MATIC in his current analysis.
Avalanche (AVAX)
Talking about AVAX, the analyst stated that AVAX is trying to find support and will probably rally from here.
#ETHBTC ALTs indicator, tagging TL resistance, if it breaks out, we'll be seeing serious rally in ALTs.
Below is a list of ALTs.
"You can request for analysis on your ALTs holding not mentioned"
🧵 1 pic.twitter.com/wopcbd90Kc
— Mikybull 🐂Crypto (@MikybullCrypto) May 31, 2023
BNB Coin (BNB)
BNB analysis points to a daily ascending triangle pattern. The analyst reveals that this could potentially go up to $400.
Chainlink (LINK)
According to the analyst, the current trading range for LINK is between $5.5 and $9.5. However, it is worth noting that LINK is currently trading below the mid-range.
NKN (NKN)
Milkybull mentions that NKN is showing bullish signs after rebounding in the demand zone at $0.17.
Polygon (MATIC)
On the other hand, MATIC is currently experiencing a pullback after reaching the supply level. The analyst suggests that this pullback presents a viable opportunity to start buying.
Render Token (RNDR)
According to the analyst, RNDR is reacting to the supply and experiencing a minor pullback. As long as the price stays above $2, it will continue to rise.
Which PEPE will be next?
This question was answered by the crypto analyst using the pseudonym “Bluntz”. Smart Contracter, now on Twitter as “Bluntz,” says the Graph (GRT) showed a similar price pattern to Bitcoin earlier this year. The analyst predicts a short-term recovery, albeit temporary, for Bitcoin, but believes that this increase will be short-lived.
According to his prediction, BTC’s continued downward trajectory will eventually lead to $20,000. As Bluntz points out, GRT recently crossed an ascending channel. According to the analysis, it currently looks ready to recover towards the $0.135 target. cryptocoin.comAs we have mentioned, GRT has become the center of attention of whales in recent weeks.
beautiful channel breakout on $GRT after slow grind up, last time i saw this exact structure/pattern was the btc 17k breakout before it ran to 31k.
i love this pattern, am long and strong on $GRT
trade it with me on bybithttps://t.co/zHX9WYRMOM pic.twitter.com/QqCsn2juoJ
— Bluntz (@Bluntz_Capital) May 28, 2023
Another altcoin that caught Bluntz’s attention was Fetch.ai (FET), an artificial intelligence coin. Bluntz says that FET is bullish as it bounced close to the 0.786 Fibonacci level.
solid reaction down here on $FET daily chart.
The left curve ape in me is wondering if it can catch some of the hype in AI stocks. pic.twitter.com/4a2V6Jkd5C
— Bluntz (@Bluntz_Capital) May 27, 2023
Bluntz has also included Litecoin (LTC) on its list of altcoins to rally. The crypto analyst suggests that Litecoin is showing signs of reaching the $100 target as it finds support near the 0.618 Fibonacci level.
solid high timeframe contraction happening on $ltc, i think the halving narrative keeps this one propped up pic.twitter.com/6pYpYe4A43
— Bluntz (@Bluntz_Capital) May 25, 2023
