As Cryptokoin.com reported, there was a reverse turn in the negative sentiment surrounding the crypto money market, with Bitcoin, which led the rally that started the other day, exceeding the $28,000 level! However, while the altcoin market is on the rise, experts conveyed their predictions for these 5 altcoin projects! Here are the details…
Popular analysts pointed bullish for these 5 altcoins!
With Bitcoin exceeding the critical level of $ 28 thousand, the activity in the altcoin market attracted the attention of many investors. According to CoinGecko data, Layer-1 coins and coins offering Smart contracts seem to have seen a huge increase in prices after the BTC rally. With the expectation that the US Federal Reserve will not raise another interest rate, experts expect these 5 altcoin projects to rise further in the coming days.
Mask Network (MASK)
Launched as a portal to the new internet, MASK, the local coin of the Mask network with the same name, is getting popular day by day. According to CoinMarketCap data, MASK has increased by more than 40 percent in the past day. Today, the altcoin project, which has experienced a slight decrease during the day, is instantly traded at $5.87. If the popular altcoin turns bullish again, it may face significant resistance at $6.4. However, in case of a correction, MASK has a strong supply at $3.8. Meanwhile, a reversal of this resistance level will potentially give traders a higher upside.
MASK 7-day price chartEthereum Classic (ETC)
Popular altcoin Ethereum Classic (ETC) is a Proof-of-Work hard fork of the main Ethereum blockchain. The project maintains the legacy features of the ETH pre-assembly. While pointing to the ETC recently, experts say that the coin is pretty close to its long-term resistance at $23, and if it breaks, it has more upside potential for investors. However, failure to overcome the resistance to this support will lead to further declines with the potential for a bearish break at $18.13. Defending this support level while targeting the $23 resistance should be the priority of the bulls. Instantly, ETC is trading at $20.85.
ETC 7-day price chartPhantom (FTM)
Phantom is gaining popularity among developers as it is a scalable Layer-1 platform. Big names like Sushi and Curve are using FTM for their decentralized exchanges. The platform’s native coin, FTM, is driving the price movements of the market, with an 18 percent increase in price. The popular altcoin recently managed to break the $0.40 support level, which gave the bulls a chance for a higher price. For FTM, which is currently at $0.50, the bulls may target $0.74 in the long term. According to experts, this level will also provide a possible corridor for 1 dollar to FTM.
FTM, last 7 days price chartApecoin (APE)
APE has also seen some gains after facing declines over the past few days. Momentarily, APE is down 2% to trade at $4.21, but has gained more than 8% over the course of the week. This pushes him to greater explosiveness. APE is currently only trading in a very narrow trading range covering $4.5 and $4.3. This should be taken as a sign that the coin may rally in the near future and has the potential to break the $5 resistance towards support.
APE, 7-day price chartThe Graph (GRT)
The Graph’s native coin GRT has been gaining ground against the bulls since last week. The data shows that the coin is significantly bullish, recording a 40 percent gain. The role of the network in providing a query service for faster access to Web3 controls, this positive price change can be achieved. GRT is currently changing hands at $0.161099. In the long term, the bulls may target the $0.3 level.
GRT, last 7 days price chart
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