Price Analysis

Top Predictions for the Coming Week! This Could be the Next Move for These Altcoins! 

Written by: Sahana Vibhute

Written by right arrow

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.

  • author facebook
  • author twitter
  • linkedin

Aug 13, 2022

news-image

T he crypto space is undergoing a roller coaster ride since the beginning of the week as the global market cap which was stuck around $1.12 trillion, raised beyond $1.2. Meanwhile, the market cap of the altcoins regained positions above $700 billion. Moreover, the depleting dominance of bitcoin org is raising speculation about increasing the strength of the altcoins in the market. 

Therefore, below mentioned are some altcoins which may maintain a significant upswing in the coming week.

Chainlink price broke above the symmetric triangle and reached the crucial resistance close to $10. While a minor rejection has halted the price rally but the mounted buying pressure may eventually coil up the price above $10 during the weekend. The beginning of the weekly trade may be bullish but may face a mid-week correction. Eventually, hold the $11.3 resistance and settle around $12.8 by the end of the week. 

Quant(QNT)

Quant price is undergoing a parabolic recovery to regain the levels at the important resistance at $150. Previously the altcoin faced rejection at these levels and may repeat the trend but certainly not drop hard as before. As the asset is forming constant bull flags and ranging high, another breakout from the bullish flag may secure levels above $150 during the first few days of the coming week. 

Polygon(MATIC)

MATIC price just broke above $1 resistance but still has to confirm with the uptrend by closing the day’s trade around $1.1. However, until then the fear of plunging back below $1 could haunt the Polygon price rally. Meanwhile, the trading volume has dropped drastically which may not offer the price a wider push, hence compelling the price to undergo an ascending consolidation.

Therefore, the MATIC price could eventually consolidate above $1 throughout the weak and fairly visit the lower support at $0.96 a couple of times.

Celsius Network(CEL)

celsius network recently filed for bankruptcy which had heavily impacted the CEL price. However, the price since the beginning of the week has registered a jump of more than 185% while the rounds of short squeeze were prevailing within the space. The buyers have now exhausted and hence the possibility of an interim pullback emerges. In contrast, the bears remain off-the shore & for that reason, the upswing may continue in the coming week.

Flow(FLOW)

Flow price seems to have flipped from the lower support and by this, it has reversed the price trend. The price rebounded with a huge influx of buying volume, of which the majority was exhausted in nullifying the bearish impact. Therefore, with the next leg up, the FLOW price is expected to climb close to $4 and accumulate strength by chopping around these levels. By the end of the week, the price could have surged 20% to 25% to secure levels close to $4. 

Show More

Was this writing helpful?

dislikeimage No myImage Yes

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.

Related Articles

Back to top button