A new bull mood is blowing in the cryptocurrency market. While the leading crypto Bitcoin (BTC) managed to rise above $ 17 thousand, some altcoin projects such as Solana are recording double-digit increases. In this environment, analysts are analyzing 4 altcoin projects that they say are preparing for the rally.
“XRP prepares for the biggest run in crypto history”
An XRP whale known as RealXRPwhale suggests that XRP is gearing up for the ‘biggest run in crypto history.
Interestingly, in the tweet that followed, the XRP whale says the Securities Exchange Commission (SEC) has hurt millions of investors with frivolous lawsuits and is hurting America’s innovation more than anyone could have imagined. Additionally, towards the end of the tweet, realXRPWhale wrote, “XRP is not a security! We will win!” says.
Meanwhile, cryptocoin.comAs you follow, XRP has been trading in the green zone for the past seven days. It started the week trading above the open market price of $0.330. Just a few hours into the first day of last week, XRP soared to $0.350. Following this increase, XRP consolidated its position by fluctuating in the $0.345-0.350 price range over the next few days.
However, after the sideways movement period, XRP caught the lowest momentum and started to decline. During its decline, XRP hit its lowest price on the fourth day of the week, with the opening market price of $0.333. Still, XRP once again gained momentum towards the second half of the week after the drop and rose to $0.3535.
“This altcoin points to a strong bullish sentiment”
According to the analysis of Sushiswap by crypto analyst Lisa Walter, bullish trend dominates the charts. The price of the cryptocurrency has increased significantly. It is now worth $1.12, up 3.45% on the last day alone. This bullish momentum is supported by the general optimism of the cryptocurrency market as a result of gains in the last trading sessions.
The market was seen as fragmented between bulls and bears. However, the bulls took back control and pushed prices up to where they are now at $1.12. SUSHI’s trading volume has increased slightly over the past day and is currently worth $64,829,166 after a 73.34% rise. Its market cap rose 2.8% to $247,798,042. Currently, the key support level of $1.09 is keeping SUSHI price stable and high. The most important of these is the $1.08 support level, which is preventing the price from falling further. The $1.95 resistance level, which is the current target for SUSHI, also had a big impact on the current positive trend.
The altcoin price has now crossed the upper band, which is in a positive uptrend. Additionally, the relative strength index (RSI), currently at 61.26 and gradually moving into overbought territory, indicates that prices may consolidate at these levels before a breakthrough. Moving above the signal line on a daily basis, the MACD line (blue) shows that the bullish momentum is strengthening (orange). The uptrend and movement of this MACD line into the positive zone heralds the continued bullish dominance of SUSHI. This bullish forecast becomes more reliable as the histogram moves higher towards the green area.
Overall, the market sentiment for SUSHI is positive and it looks like the coin will continue to rise in the near future. The uptrend line is currently supporting prices. Also, SUSHI could see more gains if the bulls can maintain control of the market.
Can BNB reach an all-time high?
Crypto analyst Ross is evaluating whether BNB can make new ATH. Altcoin predicts an increasing trend for cryptocurrency today. The price is rising steadily and is trading at $277.88 with an impressive return of about 6.4%. In addition to yesterday’s rally above $260.86, the strongest support for BNB, the market opened today with promising bullish indicators, continuing yesterday’s phenomenal momentum. The continuation of the green candlestick indicates that BNB is heading towards its all-time high.
A daily altcoin price analysis reveals that the coin is forming higher highs and higher lows, which is a bullish sign. It is worth noting that the bulls are pushing for a prolonged upward move in the near future. More profits are on the way for BNB buyers as the price hits $277.88. Also, the chances of a resurgence are close, as buyers persistently make an effort. Meanwhile, the moving average (MA) of the daily price chart is $258.3.
Technical indicators also point to a strong bullish outlook for the altcoin in the near term. The Relative Strength Index (RSI) is currently trading above the 40 level. This indicates that there is a strong buying pressure in the market. Also, the Moving Average Convergence Deviation (MACD) is currently in the positive territory. This is another indication of the bullish outlook for BNB. Bollinger Bands are also widening, indicating increased volatility.
Looking at the hourly price chart, BNB is trading in a strong uptrend with the price hovering near its all-time high of $277.88. The bulls are trying to break this resistance level and reach the all-time high. If the bulls are successful, BNB could rise above $280.42 in the near future. The RSI for BNB is currently in the overbought zone. This indicates that some traders may be taking profits at higher levels.
Altcoin rises as bull momentum increases
According to crypto analyst Annah Mugoir, the GALA price analysis looks pretty bullish for today as the buying momentum is steadily increasing today. GALA is currently trading at $0.03715 and it is making a strong move towards the next resistance level at $0.03926. If it manages to break above this level, it could rise as high as $0.04 in the near future.
The altcoin has also gained more than 66.30% in the last 24 hours. GALA is currently trading in the range of $0.02333 to $0.03926 in the last 24 hours. The upward momentum is primarily due to the increase in trading volume and demand for GALA. GALA’s 24-hour trading volume currently stands at $963 million, up more than 464% from the previous day. The daily Gala price analysis confirms a bullish trend in the market as the price has covered an upward move in the last 24 hours. If the buyers are in control of the market and maintain the current momentum, we may see an increase in GALA price towards the upcoming resistance levels.
The moving average (MA) value is currently set at 0.022. This is a strong indicator that buyers control the market. The widening of the area between the Bollinger Bands is a clear indication that market volatility is increasing and traders should be cautious when trading in the near future. The upper Bollinger band is currently at 0.0310 while the lower Bollinger band is currently at 0.009. The relative strength index (RSI) is trading with an upward slope on the 41.21 index, indicating buying activity in the market.
In summary, GALA is currently in a bullish trend and could go higher if buyers maintain their current momentum. Technical indicators are also supporting the bulls. Also, traders can look to upcoming resistance levels to take advantage of this trend.
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