After the bank crises in the past days, leading crypto analysts stated that there may be a big exit for these 7 altcoins in the near future! Here are the details…
These altcoin projects are on the investors’ radar
Polygon (MATIC)
Polygon (MATIC), which is closely followed by the crypto money market, has been in the focus of investors in recent days. MATIC, which came to the fore with the $0.94 levels to receive support soon, managed to climb above the 23.6% Fib level. However, MATIC is struggling to trade above the $1.16 level. The altcoin, which has been closely followed by many investors after the recent financial crises, may hit new highs this week with the launch of the much-anticipated zkEVM mainnet on the Polygon network.
MATIC has gained over 5% in the last 24 hours and is currently trading at $1.24. Weslad, a prominent crypto analyst, predicts that the price of MATIC may soon break the critical resistance of $1.5 and move towards the vital resistance of $3.4. However, after a minor bearish correction, MATIC could quickly rise to its $13 target.
Lido DAO (LDO)
LDO token broke multiple resistance levels today as it witnessed a massive spike in trading volume near the $1.9 support level. In the last 24 hours, LDO has gained more than 10% and is instantly trading at $2.95.
Analysts, while interpreting the daily chart of the LDO token, state that the token is preparing to rise above the sudden resistance of $ 3.2, and that if the token passes this level, it can reach a new high of $ 4. However, if LDO fails to sustain its current uptrend, it could see a serious drop to $2.
The Graph (GRT)
The Graph (GRT) is trading near a key breakout zone after breaking above the 50-week moving exponential average. Momentarily, GRT is trading at $0.16, gaining over 12 percent.
On the other hand, looking at the 8-hour price chart, experts state that the GRT token may rise to the levels of $0.17. Also, the RSI line and SMA-14 cross marks a potential breakout for the GRT token this week.
Critical levels announced for Bitcoin, Ethereum and XRP
Bitcoin (BTC)
According to experts, the Bitcoin price is momentarily aiming to stay at the critical resistance level of $25,000. The token is ahead of a major support at $22,800 and momentarily surpassed the $25,000 level. It seems that sentiment is slowly going from bullish to neutral and therefore may encourage investors to split their profits.
Momentarily, the price broke beyond the 200-day, 100-day and 50-day MA levels and broke the intermediate resistance of $21,393. The leading cryptocurrency Bitcoin (BTC) is instantly trading at $ 25,433.63.
Ethereum (ETH)
On the other hand, things look different for the leading altcoin project Ethereum. ETH is targeting $1800 and had a significant break last weekend and rallied beyond the $1600 resistance. Also, the price has made a good move towards the main resistance, but similar to BTC price, ETH price is also facing a little turbulence. The bears seem to have taken action and therefore its price may pull back a bit.
Both Bitcoin and Ethereum are forming a similar price chart as ETH price sparks a recovery from the 200-day MA and surpasses the 50-day MA and 100-day EMA. However, the token failed to rise above the resistance of the symmetrical triangle, which also collided with the main resistance levels. Therefore, ETH price could face a minor correction, which could drag the price towards the 50-day MA at $1602. If the bulls fail to hold the price here, lower support levels could be tested. Instantly, ETH is trading at $1,743.60.
On the other hand, another analyst commenting on ETH is Macro guru analyst Raoul Pal. Real Vision CEO Raoul Pal states that he gives bullish signals for Ethereum. Pal said that Ethereum looks great, while targeting prices of $2,000 to $3,000 for ETH.
“I am really optimistic. I’m looking at the chart. The graphic looks great. It feels like we just made this nice month-long fix. I’m looking at the ETH chart, but you can use any of the charts. I don’t know what it is but there is only one thing that will trigger it. I then went back and looked at all the other aggregations before the miscarriage and then things like Amazon from 2003-04. I’m looking at all this and ETH is always going higher and faster than people normally expect.”
Pal said that Ethereum looks great, while targeting prices of $2,000 to $3,000 for ETH.
Ripple (XRP)
On the other hand, when looking at the Ripple price, the effect of the bears is visible. The community seems shaken by the latest statements from CEO Brad Gardlinghouse, who said the company is at some risk as they have some balance against the SVB collapse. However, XRP price is sitting on the threshold and a single false move could start a new bearish wave.
Unlike Bitcoin or Ethereum, XRP price is trading below the 200-day, 50-day MA and 100-day EMA. Price trading along the lower trendline seems to be retesting the levels before sparking a rebound. However, a bullish reversal may not be confirmed until the price levels do not rise above the critical MA and EMA levels. In such case, a retest of $0.31 or lower seems to be imminent. As we have quoted as Kriptokoin.com, XRP is instantly traded at $ 0.38.
Popular analyst: “These altcoin projects may react to the drop!”
On the other hand, while the cryptocurrency market is under selling pressure by whales, Ran Neuner, host of popular YouTube channel “Crypto Banteré,” says that many of the momentarily poorly performing tokens belong to Voyager. However, while sharing a screenshot of Voyager’s main portfolio, which includes assets such as Decentraland (MANA), Phantom (XRP), Apecoin (APE) and Uniswap (UNI), he also states that these altcoin projects may soon break the downward momentum and start to rise.
