Popular trader Josh Moden shares 3 altcoin projects he has on his radar with big technical moves to reach ATH.
Blockchain giant Ripple is in the first place
The first altcoin on Moden’s list is XRP. According to the analyst, Ripple recently made a big profit in its lawsuit with the SEC. Specifically, the SEC has been ordered to explain, among other things, how the Howie test is applied to XRP, what is the status of Ether and Bitcoin, and that XRP is sold as investment contracts. At the time of the video, XRP was around $1.09 and was trading in a downtrend. Moden says he bought it at $1.05:
We had this level of liquidity I mentioned and we’re going to dive into that. XRP has plunged to around 1.05, my point of purchase.
However, the analyst says that as long as the market is doing well, XRP will soon break this trend:
I am looking for a move towards $1.16 and if we can see it we will definitely go towards $1.25… Then we will do a natural retest before we see prices go up to $1.50 and even $2 very soon.
Next altcoin: Utrust (UTK)
Next on the list is Utrust (UTK), a solution to the low-cost availability of cryptocurrency as a means of payment, particularly the underdeveloped transaction security of payment platforms, and a solution to problems that result in relatively high fees. At the time the video was taken, UTK was trading at $0.4, retesting the underlying demand level around $0.38.
According to the analyst, UTK appears to be in a breakout phase, which means the price is preparing to move upwards. The next target is $0.66 for Moden, the previous high in August:
I think we’ll close 0.60 to 0.66 as our next major burst point. Consolidation, then lots of pumps, and then consolidation, pumps, consolidations, etc. You can see it’s a habit. So, I think we’ll see the next blast all the way there.
Last place is Vechain (VET)
Last on the list is Vechain (VET), a blockchain-powered supply chain platform. At the time of the video, VET was around $0.13 and was trading in an uptrend.
cryptocoin.com Moden, who we share the analysis with, says that the first target in VET price is $0.146:
We are moving towards our target of $0.146, which we have had for weeks. There are some really exciting things to come for Vechain, one of our favorite projects.
Moden suggests that a valid entry point for VET is around $0.128 and $0.138:
If you feel like you’re missing out, you haven’t entered a trade, here will be a good entry point as long as the uptrend continues, and there are suitable buy points anywhere between that $0.128 and $0.138. So if you want to be involved when it comes to testing again, you can try your luck there.
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