These altcoin projects on Binance, the world’s leading cryptocurrency exchange, are promising. As Koindeks.com, we convey to you the altcoins that are expected to rise according to the analysts.
These altcoin projects are poised to rise
The first altcoin, which is predicted to rise according to analysts, is Uniswap (UNI). UNI has seen a 9090 digit formation that could lead to a strong rally in the coming days. Between July 14 and mid-August 12, UniSwap saw a 200 percent increase. Following the rally, the Ethereum-based altcoin dropped by 50 percent. A real additional rally to the $12.50 congestion zone could occur in UNI price in the coming days.
UNI price is currently trading at $7.56. However, the bulls spiked 10 percent on Friday, Nov. In addition, analysts state that the technical information looks quite optimistic. The recent bullish move was catalyzed by a retest of the 8-day EMA following the previous 15% rally. Looking at all the formations, it is possible for the Uniswap price to rally 30 percent in the short term and close to 200 percent in the coming weeks. But if the bears are successful despite all this, the altcoin’s price will drop by 13 percent.
Ripple’s local altcoin XRP shows strength
XRP price had an impressive rise on Friday. Ripple’s altcoin project XRP has been shrinking gradually throughout the fall. It continues to move amid lows and highs throughout its mobility. The altcoin, which could not evaluate the previous bull period, is expected to rise in the next bull period. The bulls fully confirmed the bullish action, which provided a 10% increase to the anticipated $0.50 area.
Ripple price is currently trading at $0.4938. The bullish move has moved up to the 8-day EMA and 21-day MA averages. According to analysts, the momentum in the indicators will cause an upward trend. If diagonal action occurs, there will be an additional rally targeting the $0.56 liquidity zone.
The Relative Strength Index (RSI) implies that the bulls have more power. According to analysts, if the market activity continues, XRP will rise to $ 0.56. Subsequently, it is expected to trigger an uptrend potentially targeting the $0.58 level. However, if the last 10 percent uptrend is reversed, the bullish view will be invalidated. According to analysts, as a result of such activity, it is possible for the altcoin to drop by 30 percent from its current price.
Fan tokens draw attention
The CHZ price has increased by more than 48.6 percent since October 21. According to analysts, investors have a lot of faith in altcoin. The volatility surrounding the football world cup makes balanced price growth possible. Altcoin is on the rise to test the critical resistance level. On the upside, CHZ is quickly below the 78.6 percent Fib level of the Fibonacci Retracement of the $0.30-$0.08 decline.
Turning this area into reinforcement will provide further bullishness for CHZ if crossing the next resistance wise allows the altcoin to form a new local top. The MACD indicator continues the bullish sentiment, emphasizing that there is time before price fluctuations. According to analysts, the upcoming indicator line (blue) and signal line (red) will signal the first sign of a potential bearish move. As a result, a drop to $0.21 is possible as it is the next critical support area with the 61.8% Fib. However, the upward trend has increased, according to analysts. Therefore, the probability of a decline remains very low.