The crypto currency market is forced to leave the atmosphere of uncertainty since January. This week, a general rise movement was expected, while a widespread rally did not take place in the market. While most Altcoin suffered serious losses, some fell to the lowest levels of the annual level. However, the decrease in inflation in the US and the increasing concerns about trade wars brought about a new purchasing interest in the Altcoin market. In line with these developments, according to Analyst Shayan Chowdhury, Altcoins such as Pi Coin, Pepe and Binance Coin (BNB) are likely to perform a strong recovery movement.

Pi Coin, Pepe: It may attract attention next week

In the last week, fluctuations have been seen in the crypto market with the effect of geopolitical tensions. As the market entered the recovery process, interest in Altcoins increased. Bitcoin’s challenge to exceed $ 85,000 caused a decrease in market dominance. As a result, investors turned to subcoins such as Pi Coin, Pepe and Binance Coin (BNB) and increased their purchases.

First of all, according to the analyst, Pi Coin faces a strong resistance at $ 1.5. The price is consolidated just below the EMA20 trend line due to the increasing pressure of the sellers. As of now, Pi Coin is traded for $ 1.45 and has lost 4.5 %in the last 24 hours. The PI/USDT parity is difficult to reach the level of $ 1.5 for short -term investors can sell. A deeper decrease can last up to $ 1.26. On the other hand, if the Pi Coin can exceed $ 1.5, the dominance of the receivers may be strengthened and the price may rise to $ 1.8.

Pepe Coin has been trying to break the 23.6 %Fibonacci correction level by exhibiting a upward movement in recent days. However, bears continue to suppress the price. The Pepe/USDT pair currently encounters resistance of $ 0.0000075. This point draws attention as a region where sales pressure increases in the past. However, RSI is at the level of 57 and in the purchase zone. This shows that Pepe Coin can continue to rise trend by exceeding the resistance level in the short term. If the price increases over $ 0.0000075, the next target may be $ 0.000009. However, if this resistance point is not exceeded, it is likely that it will fall to $ 0.000006.

Bnb Coin is on the list

Binance Coin (BNB) has reached $ 614 by breaking critical resistance of $ 610 with increasing procurement pressure in recent days. BNB, which has gained 5 %in the last 24 hours, has entered a strong rise trend compared to technical indicators. The BNB/USDT parity is traded on the EMA trend lines and can test a new level of resistance if this rise continues. However, RSI’s 78 level shows that the asset is in the overbreaking zone. This raises the possibility of a correction in the short term.

If the BNB can maintain this momentum, the price is possible to rise up to $ 676. However, if sellers increase pressure, withdrawal to EMA20 support level may be experienced. If this level goes down, the price may drop to $ 563, which may lead to the deterioration of the current rise trend.