March began positively for the crypto currency market after last February. Besides Bitcoin, many subcoin has seen significant increases. These developments may fuel the ongoing rally and help to compensate for recent investor losses. Crypto analyst Aaryamann ShrivastavaThree subcoin to be watched in the coming days determined.
Crypto Money in the first row: Ethereum (ETH)
Ethereum rose 13 %on Monday, but experienced a slight retreat. Leader Altcoin is currently trading for $ 2,371. Despite the withdrawal, ETH strengthened the rise structure by successfully passing the downward trend support line. It is very important to hold above this level to maintain the upward acceleration.
The upcoming Pectra upgrade will be held on March 5th and aims to improve network scalability by reducing the additional load of the conspersus and increasing layer 2 efficiency. This development can re -attract the attention of investors and push ETH towards $ 2,654. The exceeding this level will compensate for some of the recent decrease in the recent decline in the recent period.
ETH Price Analysis. Source: TradingViewHowever, the lack of support of $ 2,344 may reversed the final earnings. Falling under this threshold can void the rise appearance by directing ETH towards $ 2,170. Such a movement will potentially prolong Ethereum’s correction by pointing to increased sales pressure.
The list has Onyxcoin (XCN) on the list
On March 3, XCN was set to an important upgrade with the Onyxcoin Goliath Mainnet launch. This highly anticipated event can serve as a catalyst for price increase. Network upgrades often attract investors. Therefore, this development can strengthen the sense of rise and gain more momentum for Altcoin.
The XCN increased by 32 %in three days and is currently trading for $ 0.0188. He successfully broke a one -month decline trend and tries to create $ 0.0182 in support. Keeping this level may indicate a stronger recovery by opening the front of a thrust towards $ 0,0237 and strengthen the rise structure for the existence.
XCN Price Analysis. Source: TradingViewHowever, not being able to secure $ 0.0182 may reversed the final gains. A decrease below this level can send XCN back to $ 0.0150 and re -enter the previous decline trend. Such a movement will invalidate the appearance of ascension, erase the last momentum, and increase more downward risk concerns.
Last row Crypto Money: Portal (Portal)
Another crypto currency to be watched this week is the portal that is under consolidation of less than $ 0,151 last month and is currently traded at $ 0.131. The upcoming portal Bridge upgrade is planned to be made on March 4 and may serve as a catalyst for a break. A successful upgrade can enable the renewal of investor interest and an increase in transaction volume.
The new Solana bridge integration will expand the Portal’s ecosystem to enable Cross-Chain functionality possible. This development may increase higher inputs by increasing the demand for subcoine. If the momentum occurs, the portal may exceed $ 0,151 and increase to $ 0.182. It can also strengthen the orbit of the rise and end the long -term consolidation phase.
Portal price analysis. Source: TradingViewHowever, the lack of $ 0.151 can extend the ongoing consolidation. Falling below 0,130 dollars can void the rise appearance by directing the portal towards $ 0.118. Such a decrease indicates that demand is weakened and may cause further decrease.
The opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
