We focus on what will happen for the 3 cryptocurrencies that will increase sharply. Especially analysts make important evaluations at this point. Of course, it is important to find cryptocurrencies that are on the verge of such an increase. So which ones are they?
Uptrend for Ethereum
Earlier this year, there are predictions from a trader who has mastered the volatility in the crypto markets. Accordingly, he outlines a scenario where Ethereum (ETH) could witness a significant boom to the upside. Famous trader and analyst DonAlt addresses 52,200 YouTube subscribers. Accordingly, he says Ethereum continues to consolidate at $1,935, just below the key resistance level.
Further consolidation in current prices will lead to an eventual breakout, according to DonAlt. According to him, ETH is actually consolidating in an area where it is good. Because this resistance should really produce a downward move. He has done this several times so far, but none of them have been permanent. Bitcoin should move soon, according to DonAlt. Otherwise it will not be pleasant at all. DonAlt states that if Ethereum stays (like this) for two, three, four more weeks, the resistance will be overcome. DonAlt also says that breaking above $1,935 could ignite a rapid rally and push ETH to a level that was last seen in May 2022, before Ethereum disintegrated due to the collapse of the Terra (LUNA) ecosystem.
Sharp exit prospect for cryptocurrency XRP
cryptocoin.com On the face of it, the XRP price is delicately balancing on the line that can determine whether the bulls will make an exit or whether a sell-off will occur. The transaction volume is at the level of 544 million dollars. Cryptocurrency XRP rose 0.1% to $0.4759. XRP is on the verge of a bullish breakout targeting highs near $0.55 in the short term. There is a bull flag pattern on the daily chart. Accordingly, a rise above $0.48 means that the price of XRP could confirm the rise.
XRP price poised to rise to $0.55
The 100-day Exponential Movement maintains XRP’s current position with support at $0.4730. On the upside, weakening of the flag’s $0.48 resistance will push the price above $0.50. On the other hand, the cryptocurrency will make the $0.55 target attainable.
There is a reason that strengthens the bullish outlook in the cryptocurrency XRP. Buy signal to be confirmed soon from the Moving Average Convergence Divergence (MACD) indicator. Traders will want to confirm that the MACD is showing a bullish bias before triggering buy orders. The Money Flow Index (MFI) shows that more funds are starting to flow into the XRP markets. In other words, momentum builds as entry volume increases, paving the way for recovery.
Cryptocurrency Radiant Capital (RDNT) must surpass this level
The coin RDNT price may have completed its correction. But for the uptrend to reverse, it needs to regain a significant price level. The price of Radiant Capital (RDNT) hit a year high of $0.5 on April 15, 2023. It has since been falling along a descending resistance line. In the process, the price retreated to the $0.22-0.24 support zone before recovering.
The price then broke above the resistance line on June 25. It also formed a higher low. This indicates that the correction process may have ended. On the other hand, it shows that the price could potentially go higher in the coming days. The RSI supports this possibility as it broke above the descending resistance line, confirming it as support.
Important price zone
Despite some upbeat signals, RDNT price needs to retrace the $0.31-$0.33 zone for a trend reversal. This is an important price area that has been acting as support and resistance since February 2023. With the breakout of the above-mentioned resistance line, RDNT price will consolidate in the $0.22-0.24 to $0.31-0.33 range in the near future.
A break above the resistance of this range will trigger a rally towards the next resistance zone at $0.42. The most likely expectation is that the RDNT price will consolidate in the $0.22-0.24 to $0.31-0.33 range in the coming days. At this time, a rise towards the resistance of the range is more likely.
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