While widely followed crypto analyst Justin Bennett says Bitcoin (BTC) may be poised to rise again, he points to “confluence areas” for three popular altcoins and analyzes the crypto markets as a whole. cryptocoin.com We are giving the details as…
Justin Bennett presented his predictions for 3 altcoins
First of all, talking about the altcoin, which is in the leading position with its market cap, the trader said that Ethereum (ETH) is ready to test the $ 4,000 support band before potentially finding support at $ 3,800, and used the following statements:
ETH is trying to hold on to the $4,200 area that I’ve mentioned several times recently. A bounce from this zone would take Ethereum back to $4,400. Alternatively, a move below $4,200 could reveal a confluence of the $3,800 and $4,000 support. I still think the $4,000 retest scenario is very real. Of course, that doesn’t mean it will happen, but I’m ready just in case. There is a major support confluence between $3,800 – $4,000. This is an area that I think should be kept.
Bennett predicts that Chainlink (LINK) could potentially see lower prices than before as it moves to smaller-cap altcoins. “Currently LINK is getting some support at $28 as expected. A close below this would lead to $24 and potentially $21,” he says. The analyst also shares VeChain comments. According to the analyst, after the altcoin hit $0.175 just three days ago, he warned investors that “everyone should prepare for a retest of the $0.12 area just in case.” Yet he says he’s still more optimistic than ever on VET.
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