PEPE price held back to baseline levels after rallying 20x in April and May. It is a matter of curiosity to which altcoins the money coming out of the meme token, which has collected a billion dollars in volume in a short time, will now flow. New analysis shows that AVAX and these 7 altcoins will be the first candidates approaching ideal opportunity regions.
Milkybull points out AVAX and the possibility of a rally of these 7 altcoins
Popular crypto analyst Milkybull has included his predictions for AVAX, BNB, LINK, NKN, SOL, RNDR and MATIC in his current analysis.
Avalanche (AVAX)
Talking about AVAX, the analyst stated that AVAX is trying to find support and will probably rally from here.
BNB Coin (BNB)
BNB analysis points to a daily ascending triangle pattern. The analyst reveals that this could potentially go up to $400.
Chainlink (LINK)
According to the analyst, the current trading range for LINK is between $5.5 and $9.5. However, it is worth noting that LINK is currently trading below the mid-range.
NKN (NKN)
Milkybull mentions that NKN is showing bullish signs after rebounding in the demand zone at $0.17.
Polygon (MATIC)
On the other hand, MATIC is currently experiencing a pullback after reaching the supply level. The analyst suggests that this pullback presents a viable opportunity to start buying.
Render Token (RNDR)
According to the analyst, RNDR is reacting to the supply and experiencing a minor pullback. As long as the price stays above $2, it will continue to rise.
Which PEPE will be next?
This question was answered by the crypto analyst using the pseudonym “Bluntz”. Smart Contracter, now on Twitter as “Bluntz,” says the Graph (GRT) showed a similar price pattern to Bitcoin earlier this year. The analyst predicts a short-term recovery, albeit temporary, for Bitcoin, but believes that this increase will be short-lived.
According to his prediction, BTC’s continued downward trajectory will eventually lead to $20,000. As Bluntz points out, GRT recently crossed an ascending channel. According to the analysis, it currently looks ready to recover towards the $0.135 target. As Cryptokoin.com reported, GRT has become the focus of attention of whales in recent weeks.
Another altcoin that caught Bluntz’s attention was Fetch.ai (FET), an artificial intelligence coin. Bluntz says that FET is bullish as it bounced close to the 0.786 Fibonacci level.
Bluntz has also included Litecoin (LTC) on its list of altcoins to rally. The crypto analyst suggests that Litecoin is showing signs of reaching the $100 target as it finds support near the 0.618 Fibonacci level.