The crypto market has been in green for a while and some subcoins have reached new peaks. Bitcoin’s attempt to exit consolidation apparently serves as a catalyst for subcoins. Crypto analyst Aaryamann Shrivastava, today the summit climbing 3 Altcoin projects on the table. Analyst, what direction to tokens can now go evaluates.
Altcoin Sonic (S) climbing to the top in the first place
SONIC’S (S) Price in the last 24 hours percentage 33 artaraK reached $ 0.99, the highest level of all time. However, it then fell to $ 0.94 with a slight decrease. The latest performance of Altcoin reflects a tendency to continue if the main support levels are preserved and the larger crypto market can continue if the momentum is preserved. Altcoin made a challenging start, but it has been rising steadily for the last 12 days. Currently, it is very important to maintain the rise trend, which is very important, trying to determine $ 0.81 as support. If this holds support, Sonic may rise further by targeting the resistance level of $ 1.00 in the near term.
However, the decline of $ 0.81 can trigger profit intake between investors and cause the price to fall below this support. If this happens, Sonic may drop to $ 0.68. This will invalidate the appearance of ascension and prevent any recovery for Altcoin, leading to further decrease.
Sonic Price Analysis. Source: TradingViewAltcoin in the second row: Mantra (OM)
The price of the OM has recently reached $ 8.46, the highest level of all time, and is currently traded for $ 7.85. Altcoin witnesses a strong rise acceleration. This shows that the upward orbit can continue in the coming days. Altcoin determines $ 7.74 as a key support level that is critical to maintain the promotion trend. If it is successfully attached to this price, the OM may see a rise towards $ 9,00. This level of support is vital to maintain a positive momentum and to increase investor confidence further.
If the price of om cannot maintain $ 7.74 support, it may fall to $ 7.20 and return to the consolidation phase at the beginning of the week. A decrease in this level will be a signal that invalidates the appearance of ascension and probably extends losses for traders.
OM Price Analysis. Source: TradingViewStory (IP) is in the last place
The price of the IP has reached $ 4.78 at the level of 4.78 dollars and in the last 24 hours after a week of rally. This increase represents a significant 174 %increase that reflects strong market acceleration and the increasing charm of subcoin among investors. Altcoin is now focused on securing $ 5,69 as a support level, which is very important for the continuation of the price. If it can maintain this support successfully, IP can visit $ 8,99 again and probably increase the rise trend by increasing over $ 9,00. This can signal more growth opportunity for traders.
However, if the IP cannot see $ 5.69 as support, the price may decline to $ 3.23. This scenario will invalidate the appearance of the rise for Altcoin and erasing the latest gains and will lead to potential losses for investors.
IP Price Analysis. Source: TradingViewThe 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.
