These are the 7 Altcoins that are expected to increase in the coming days!

The cryptocurrency market continues to remain golden under the influence of winds from different directions. The impact of Ripple’s victory over the SEC is already beginning to wane. Leading crypto Bitcoin has lost the support of $ 30 thousand. However, analysts remain bullish for some altcoin projects.

DOGE forms a descending triangle

Crypto analyst Ali Martinez has spotted a descending triangle formation on DOGE’s one-week chart. The analyst also pointed out that DOGE experienced an increase of 23,200% when the last descending triangle formation was formed. Currently, Ali predicts that if DOGE closes above $0.80, there is a chance for the bull wave to happen once again.

Analyst is waiting for a breakout for this altcoin

XRP price continues to exhibit strong upward momentum. Accordingly, it aims to retest the 2021 high at around $1.9. The final decision summary provided some clarity on investment contracts for the Ripple-backed digital asset, leading to increased trading volume. Also, the altcoin has started to be relisted on almost all central digital asset exchanges, which were previously delisted due to regulatory concerns from the US SEC.

The analyst, nicknamed Dark Defender, provided insights into XRP price action. The analyst suggests that he expects a daily bullish indicator to continue the crypto’s upward momentum. In particular, Dark Defender points out that bullish indicators are already available on weekly and monthly timeframes. The analyst identifies a support level near $0.7157. Also, the daily chart shows that XRP is currently in the bull flag area. The analyst expects the XRP price to consolidate in the $0.7781 and $0.7157 range before a close breakout is expected by July 27.

Cardano’s ecosystem prepares for big boost

cryptocoin.com As you follow from Mithril, we are on the verge of a main-net release. Developed by IO Global (IOG), the technology firm behind most of Cardano’s research, Mithril is poised to tackle some of the biggest challenges in blockchain applications. Mithril also introduces a stake-based threshold setting. This is similar to a voting system where the weight of a vote depends on the stake a participant owns. This approach provides greater scalability and speed. Moreover, Mithril will enable fast Blockchain status booting.

MATIC bulls are well positioned for a significant rise

Crypto analyst Sahana Vibhute assesses the technical outlook for MATIC. MATIC fell sharply from its year high of around $1.5. Later, MATIC price triggered a strong recovery. Thus, it has repeatedly recorded weekly bullish candles. Therefore, the bulls seem in a good position to trigger a significant rise. However, the bearish influence on crypto has increased to some extent as the weekly close approaches.

MATIC price has just rebounded from the lower support of the ascending wedge on the long time frame. However, it faces a serious hurdle in clearing the intermediate resistance at 0.2 FIB levels. The bears are trying to break the bullish line. If successful, they could drop from $0.5 to 0 FIB which seems less likely. Staying above $0.75 confirms the bullish claim. Therefore, after a little consolidation, MATIC price could climb above the $0.91 resistance and reach the intermediate target of $1.

Significant rise in SHIB exits surprises investors

On-chain data from IntoTheBlock revealed a notable increase in SHIB exits from major holders’ wallets in just a 24-hour period. The numbers have skyrocketed from 268 million to a staggering 2.47 trillion SHIB. It also caused the crypto community to question the reason behind this sudden shift in token movement. The interesting aspect of this development lies in the fact that the altcoin price did not fluctuate significantly in the same time frame. Therefore, the motivation behind the big exits remains a mystery. It also leaves investors and analysts to speculate about potential factors at play.

A closer look at the data reveals that some of the tokens flowing from major wallets are offset by incoming tokens, albeit in smaller amounts. This raises more questions about the intentions of these whale owners and the dynamics of the market they may be influencing.

30-day SHIB Price Chart. Source: CoinGecko

The true intentions of these major asset holders remain unclear. However, the sheer size of the outlets raised eyebrows. It fueled theories about coordinated action. If a group of central organizations is indeed regulating these movements, it could potentially have a significant impact on the market by influencing the supply and demand dynamics for SHIB.

Santiment: This altcoin could take strength from bullish signal

An altcoin used for a privacy-focused internet browser could get a shot in the arm from a recent bullish signal, according to crypto analytics firm Santiment. Santiment says that the Basic Attention Token (BAT), which is used as a reward-based cryptocurrency for Brave Browser, may rise due to the recent activity on social media. Santiment shares data showing an increase in social dominance for the terms “BAT,” “browser,” and “brave.” In this context, Santiment makes the following assessment:

BAT and Brave Browser took the trend after a viral Reddit post where users discussed the success or failure of the unique internet browser offering prizes. The asset itself has not left the altcoin package, but it could receive some support.

Source: Santiment/Twitter

Analyst sees long-term bullish on leading altcoin rival

Saying that Bitcoin’s (BTC) 2021 bull market is over, analyst alias Pentoshi says an Ethereum (ETH) competitor is a solid candidate for long-term retention. The analyst states that Solana (SOL) looks good on higher timeframe charts after breaking past bear market resistance. However, the analyst predicts Solana will pull back after gaining more than 150% in less than two months to retest its previous resistance and turn it into support. In this context, the analyst makes the following statement:

Overall the chart looks very constructive for me on higher timeframes. But I wanted to see it maintain those previous high ranges. For now, this may be an aberration. If we start closing in again, I’ll look at $22.30 next. Rise in cult-like communities for the next bull run.

Source: Pentoshi/Twitter

Pentoshi also does not believe SOL will mimic Ethereum’s meteoric rise during the 2021 bull market, but he thinks Solana can still generate good returns for its long-term holders. Based on this, the analyst makes the following statement:

I don’t know if it will hit all-time highs in the next bull cycle or if I believe the ETH fractal. I am for charity. You can take a screenshot of this and laugh at me. That doesn’t mean it won’t be super good when people start coming back to the market. I just believe this is one of the easiest bets.