Price Analysis

Altcoins With the Potential to go 10X: Fantom(FTM), Cardano(ADA), Zilliqa(ZIL) Flash Bullish Signals

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Aug 9, 2022

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Cardano (ADA) 

Cardano price has been hovering and testing the resistance zones very frequently for a month and attempting to weaken them. With the recent pump, the ADA price had raised above the bearish descending triangle and tested $0.55 levels. However, the price faced a significant rejection, following which a notable drop back within the pattern is much expected. 

However, in the higher time frame, Cardano’s price appears pretty bullish, having the potential to leap long. 

adaprice

Analyst, Micheal van de Poppe believes that the ADA price could continue to test the pivotal resistance ahead as it did for a long. Further, by the end of the monthly trade, the asset may get enough boost to test and clear the resistance at $0.55. This may in turn trigger a jump towards $0.67. Once these levels are cleared, it may further trigger long entries as well. 

Fantom (FTM) 

Fantom price on the other hand has raised above the lower consolidation and is on its way to testing the upper resistance at $0.43, slicing through $0.4. However, the asset is undergoing parabolic recovery and is expected to reach immediate highs. 

ftm

The asset appears to be primed to undergo a pullback and hit the crucial support at $0.35 as per the analyst. Further, the FTM price could rebound finely from these levels and regain the lost levels & slice through $0.4 to hit the initial target at $0.44. However, the price could be out of the danger zone if it secures above $0.5 testing the second target at $0.49.

Zilliqa(ZIL) 

Zilliqa’s price is also displaying huge bullish momentum as the price is notably ranging towards the pivotal resistance zone between $0.55 and $0.57. However, the asset is consolidating around the gained levels from the past couple of days. Therefore, displaying huge potential to break out from the extreme bearish pressure.

ziol

ZIL price rebounded each time it visited the lower support at $0.035, but at the same time faced rejection at $0.048 levels too. The upward trajectory that ignited at the beginning of the August trade, is expected to continue until it reaches the target at $0.06 slicing through $0.055.

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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