Despite the current uncertain conditions, altcoins have quickly recovered from recent losses. Accordingly, the current market has great power and volatility. The price of Bitcoin (BTC) has dropped below $20,000. However, some altcoin projects such as 0x, Cosmos, Shiba Inu are showing strength. We have compiled SHIB, ZRX and ATOM price analysis and expected levels for you.
Shiba Inu (SHIB) goes to these levels
SHIB price is heading strongly towards the top of the great descending triangle pattern. Shiba Inu has been moving in this model for the last 8 months, as we have reported as Kriptokoin.com. Altcoin is doing its best to get out of consolidation. It also makes high ripples by cutting the upper resistor. However, it looks like SHIB is pretty close to testing the lower support level.
The coin is showing bullish moves on the short-term chart. Therefore, it is possible for the price to rise above $0.00001 by Q2 close. However, in the long term, analysts expect the price to bounce back to $0.00001638. However, SHIB will see lower lows of $0.00000850 to $0.00000900 before visiting this level. At the time of writing, the Shiba Inu is trading at $0.00009986, up 2% compared to the previous day’s close.
Cosmos (ATOM) can make a solid recovery
Like many altcoins, the price of Cosmos (ATOM) has fallen sharply since the beginning of 2022. It also traded in a huge falling wedge. The price is very close to the top and therefore a final pullback will bring the price closer to $4. This will cause a catapult action to ignite a strong recovery. With a spin, it is possible for ATOM price to regain its 2-digit levels.
Also, analysts expect it to acquire one of the key resistances at $12.4. However, the altcoin seems to close the 2nd quarter with a decline, unlike the SHIB coin. However, it is likely to rebound solidly with significant bullish momentum later on. Cosmos (ATOM) price is around $7.34, up 2.14% from the previous day’s close.
0x (ZRX) maintains its uptrend
Like SHIB and ATOM, the popular altcoin has bullish potential at 0x. 0x price has been trading in an ascending parallel channel for a long time. Therefore, it maintains a strong uptrend. Also, the altcoin has returned from the mid-ranges several times. Accordingly, it seems ready to retest the upper resistance. As a result, the price is unlikely to exit the parallel consolidation. Besides, the market can trade within the channel until the trend stabilizes. At the time of writing, the 0x price is up 3.05% compared to the previous day’s close. As Cryptokoin.com reported, the ZRX token is changing hands at $0.3391 per unit.
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