Price Analysis

Altcoins Rally : CELO, SAND, RUNE Price Soar High, Will They Face a Strong Pullback?

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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Mar 17, 2022

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Celo(CELO)

  • The CELO price spiked high, undergoing a monstrous rally since the early trading hours, surging more than 50%
  • Despite a minor pullback, the asset maintains a strong uptrend, manifesting the possibility of continuing with an uptrend
  • The asset may test the immediate resistance at $4.2 and continue to maintain an uptrend until the asset achieves $5 levels
  • Currently, no significant probability of a descending trend is witnessed as the RSI and MACD is extremely bullish.
  • The CELO price at the press time is $3.41 with a jump of 39.39% compared to the previous day’s close

Also Read: Bitcoin Price Prediction: Will BTC Price Reach $100K By 2022?

The Sandbox(SAND) 

  • The SAND price rejected the bearish trend and continued to surge high by nearly 20% with a huge influx of buying volume
  • No doubt, the asset is experiencing a slight pullback mainly due to buyer’s exhaustion, yet the price is expected to rebound to reach the next target
  • The popular NFT may continue surging after a slight pullback and eventually hit $3.4 initially and later test the $3.6 resistance until the end of the daily trade
  • However, even if it continues to shed some gains, then it may not drop below $3 as the support at $3.11 appears to be strong
  • The SAND price at the press time is $31.9 with a jump of 12.59% compared to the last trading day.

Read More: The Sandbox Price Prediction: Will SAND Price Hit $10 With Metaverse Boom?

Thorchain(RUNE) 

  • The Thorchain(RUNE) price is extremely bullish ever since the beginning of the current month, moreover, the price ignited a strong bullish trend gaining a nearly 20% jump since the early trading hours
  • Despite the seller’s aggression, the RUNE price successfully maintains a strong uptrend to reach immediate resistance. 
  • The strong resistance zone is between $8.86 to $9.2 which may be tested and after a slight consolidation within these levels, the price may continue rising high
  • Currently, no significant pullback or correction may be expected unless and until the price tests the crucial resistance levels
  • The RUNE price at the press time is around $8.41 with a jump of nearly 18.25% compared to the previous day’s close

Read More: THORChain Price Prediction: Will RUNE Price Skyrocket to $50?

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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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