Top Analyst Claims Altseason Will Be Massive and Names These Cryptocurrencies
Release: 2024/05/22 21:19 Reading: 943
A leading analyst predicts a significant surge in the popularity and value of select cryptocurrencies. With the bull run of 2024 in full swing, certain coins are poised to make a major impact. The expert has identified specific currencies that might outperform competitors, signaling a potentially rewarding phase for savvy investors. The details on which cryptocurrencies are anticipated to lead this charge will be a key focus for those looking to capitalize on the trend.
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Polygon (MATIC) Price Movement and Forecast
MATIC is currently trading between $0.64 and $0.76. It moved up by 12.52% this week, but over the last month, the price has barely changed, showing a minor increase of 1.08%. Over the past six months, it has slightly dropped by 3.49%. The coin is under its 10-day average price of $0.75 but slightly above its 100-day average of $0.71. With an RSI of 65.14, MATIC is not in the overbought zone yet. Price moves suggest a more impulsive trend upward, aiming for the nearest resistance at $0.84, with potential to climb higher if momentum continues. However, if it falls, the nearest support at $0.60 could be tested.
Pepe Coin Soars: Is the Rally Sustainable?
The Pepe (PEPE) coin has seen substantial growth with a 24.02% price increase over the past week and an exceptional 113.40% rise in the last month. The six-month view shows a massive 1007.93% jump. The current price fluctuates between $0.00000777 and $0.00001107. Despite recent gains, prices remain below the first resistance level at $0.00001298. The coin's sharp uptrend suggests an impulsive move, supported by a Relative Strength Index of 77.25 indicating high buying interest. However, traders should watch if the PEPE price can breach the nearest resistance or if a corrective phase might set in.
Arbitrum Price Fluctuation and Prospects
Arbitrum coin, now between $0.906 and $1.0557, might test resistance at $1.1395 soon. If it breaks past, the next challenge is $1.2892. Prices recently went up 23% in a week, despite a minor drop of 0.74% in a month. Over six months, it's up by 18.41%. The coin's movement looks impulsive, with strong indicators like a high RSI of 72.96 showing momentum. If it stays above its 10-day average of $1.1798, the trend could continue upward, but watch out for support at $0.84 to hold.
Toncoin Price Overview: Signs of a Pause in Upward Trend
Toncoin currently trades between $5.84 and $7.07, showing a significant rise over the past six months with a 166.52% increase. However, the recent week has seen a slight dip, marked by an 8.89% price change. Over the past month, the price change has been modest at 2.94%. The coin is moving below the 10-day and 100-day average prices of $6.54 and $6.48 respectively. With RSI at 39.02 and a low Stochastic reading of 11.26, the price momentum seems to be slowing down, hinting at consolidation or potentially further decline in the short term. The MACD level is nearly flat, reinforcing this sideways movement. Current analysis suggests the price is in a corrective phase after its recent upswing.
Conclusion
A professional crypto analyst observed that while MATIC, PEPE, ARB, and TON are gaining attention, they may not see immediate gains in the current market climate. Instead, focus is shifting towards CYBRO, a platform creating a unique earn marketplace on the Blast blockchain. With excitement building around its first release in Q2 2024, CYBRO is presenting an opportunity for early investors through its token presale. This could be a strategic entry point for those looking to capitalize on the emerging trends of the crypto space.
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Source: https://thebittimes.com/top-analyst-claims-altseason-will-be-massive-and-names-these-cryptocurrencies-tbt89271.html
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