Crypto analyst Danielle MA Toit says that the prices of SOL, LINK, STX, ATOM and ROSE will likely see a significant increase next week. According to crypto analytics firm Santiment, this altcoin is worth following as whale transactions are on the rise. Finally, Dan Gambardello, founder and CEO of Crypto Capital Venture, is waiting for a big move from ADA.
Altcoin projects with significant growth potential
Left (LEFT)
SOL price is hovering above a key support at $18.99. This level was already broken down earlier in today’s trading session when it hit the daily low of $18.77. Since then, traders and investors have successfully recovered the altcoin’s price.
However, the 9 EMA lines trading below the 20 EMA lines on the daily chart indicated that the price of SOL is in a short-term bearish cycle and will continue to decline in the next 24-48 hours. However, there is still a possibility that the altcoin price will recover further in the next 2 days. The RSI line on the daily chart is positively sloping towards the overbought zone. If the RSI closes above the SMA line in the next 48 hours, it is possible for the SOL to rise to the next resistance level at $20. Conversely, if the SOL dips back below $18.99, it will drop to the next support level at $17.50.
Chainlink (LINK)
An ascending descending wedge has formed on LINK’s daily chart, indicating that if confirmed, the altcoin price could make a move towards $7,312 in the near future. However, with the 9 EMA line positioned below the 20 EMA line, technical indicators still point to a bearish trend. In addition, the RSI line was trading below the RSI SMA line.
If the price of LINK stays above the nearest support level of $6,193 for the next 24-48 hours, a move towards the 9 EMA line on the daily chart is possible around $6.56 before surging to $7,312. On the other hand, closing a daily candle below the current support level will cause the price of LINK to drop to $5.62.
Stacks (STX)
At press time, the price of the STX was just under 5%. As a result, the altcoin price is at $0.5813. The drop in the price of STX also caused it to weaken against the two market leaders. As a result, STX fell 2.98% against BTC and 3.08% against ETH.
Technical indicators on STX’s daily chart were also showing bearish signals at press time. The daily RSI line was trading well below the daily RSI SMA line. Also, it sloped steeply towards the oversold region. Meanwhile, the 9-day EMA line was trading below the 20-day EMA. In addition, it was breaking out of the longer EMA line. The next level of support where the price of STX will likely drop is $0.5235. The upside target for the altcoin is $0.6770. If the price of STX rises above the 9-day and 20-day EMA lines, a rise to $0.8354 is possible in the near future. On the other hand, a break below the $0.5235 support opens the doors to $0.3304.
Cosmos (ATOM)
Altcoin price rebounded from the $10,275 support level after touching the level earlier in today’s trading session. As a result, the daily RSI line slope has turned from negative to positive. This is also a notable bullish flag for the altcoin price.
If the daily RSI line rises above the SMA line in the next 24 hours, a rise to $10,709 is possible for ATOM. On the other hand, if it breaks below the current support level, it will cause ATOM to drop to $9,751 in the next few days.
Oasis Network (ROSE)
cryptocoin.comAs you follow, ROSE was another altcoin that lost the last trading day. Additionally, ROSE weakened by 0.46% and 0.59% against both BTC and ETH, respectively. After an increase of over 30, ROSE’s 24-hour trading volume was at $14,265,714 as of press time.
Altcoin price action has been flat for the past 2 weeks. This indicates that the altcoin price is likely to experience a breakout soon. Additionally, ROSE is trading just above the $0.04876 support level. It is possible that the emergence of the bulls in the next two days will help ROSE rise above $0.05639.
centimeter: This altcoinseeplaceggoalhe is drinking
Crypto analytics firm Santiment says Render Token (RNDR) whale transactions are on the rise. Hence, he predicts that the altcoin’s rally will continue. According to Santiment, whale transactions for Render reached their third highest level this month. This suggests that some investors are selling for profit. However, Santiment notes that previous increases in whale trading did not result in killing the rallies that were going on at the time. In this context, Santiment makes the following statement:
We need to be cautious that whale trading has soared to its third-highest day in the past month. This is usually a sign that some profit has been made. However, in the previous two $100,000+ whale increases of this magnitude (in red below), we see prices continue to rise.
According to Santiment, an important indicator that the value of the Render Token will continue to increase is the increasing number of addresses holding the token. Santiment explains this situation as follows:
Look at how shark and whale RNDR addresses continue to rise in terms of address count, supporting the theory that this rally is not over. The bronze line, which represents wallets holding between one million and 10 million RNDRs, is growing particularly fast. Ninety such addresses is the highest number in the history of the entity. If the whales were making a profit, these address numbers probably wouldn’t continue to grow.
ADA’s big move is coming
Dan Gambardello, founder and CEO of Crypto Capital Venture, analyzes ADA’s recent sideways movement. Gambardello says crypto is currently at a crossroads. He also states that it will either explode upwards or move downwards, reaching a bottom and an oversold area. According to Gambardello, this means that some sort of recovery will likely occur later on.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.