What’s Next for These Altcoins: ETH, DOGE, UNI, DOT, and VET?
- ETH’s bullish prediction was $3,651 as volatility fell but DOGE might retest $0.22.
- UNI was oversold, indicating that a jump toward $10.49 could be next.
- DOT might drop below $8, while bulls might take VET to $0.052
With Bitcoin (BTC) struggling to revisit its all-time high, there is speculation that altcoins might soon outperform the number one cryptocurrency. However, altcoins themselves have found it difficult to maintain a consistent uptrend.
As a result of these movements, the total crypto market cap fell to $2.63 trillion. Hence, Coin Edition examines five altcoins with the potential to trigger a rise in the market cap. How will prices perform in the short term?
ETH
According to the 4-hour chart, bears have not allowed bulls a clear path to drive ETH’s price higher. As a result, the price moved in circles between $3,479 and $3,732. However, the Chaikin Money Flow (CMF) remained positive, indicating a spike in the price remains an option.
To validate this potential, significant liquidity has to flow into ETH. Should this be the case, the value of the altcoin might exceed $4,000 in the short term.
ETH/USD 4-Hour Chart (Source: Tradin…
The post What’s Next for These Altcoins: ETH, DOGE, UNI, DOT, and VET? appeared first on Coin Edition.
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What’s Next for These Altcoins: ETH, DOGE, UNI, DOT, and VET?
- ETH’s bullish prediction was $3,651 as volatility fell but DOGE might retest $0.22.
- UNI was oversold, indicating that a jump toward $10.49 could be next.
- DOT might drop below $8, while bulls might take VET to $0.052
With Bitcoin (BTC) struggling to revisit its all-time high, there is speculation that altcoins might soon outperform the number one cryptocurrency. However, altcoins themselves have found it difficult to maintain a consistent uptrend.
As a result of these movements, the total crypto market cap fell to $2.63 trillion. Hence, Coin Edition examines five altcoins with the potential to trigger a rise in the market cap. How will prices perform in the short term?
ETH
According to the 4-hour chart, bears have not allowed bulls a clear path to drive ETH’s price higher. As a result, the price moved in circles between $3,479 and $3,732. However, the Chaikin Money Flow (CMF) remained positive, indicating a spike in the price remains an option.
To validate this potential, significant liquidity has to flow into ETH. Should this be the case, the value of the altcoin might exceed $4,000 in the short term.
ETH/USD 4-Hour Chart (Source: Tradin…
The post What’s Next for These Altcoins: ETH, DOGE, UNI, DOT, and VET? appeared first on Coin Edition.
Read More