After BTC broke the ATH price of $20,000, it went ahead and gained another 20% and reached above $23,800. After such a big rally, a small correction is expected and shouldn’t come as a surprise.
Whether we have a healthy correction in BTC price from here or from $25,000 is something that we will find out soon. The whole crypto market is correcting today except for a few coins. This is just a small correction, and we are yet to see a major move downwards.
Once the correction is over, altcoins will start gaining momentum, and we would like to analyze some coins today to predict their price.
Let us review some altcoin price predictions for Polkadot (DOT), Firo (XZC), Enjin (ENJ), and Crypto.com Coin (CRO)
DOT/USD – Price Prediction
DOT is approaching a support zone at $5.08. If it can hold this support, we could see a move towards $$5.65, $5.92, and $6.29. Failure to hold the support could lead to a drop in DOT price towards $4.65 and $4.25. $4.65 and $4.25 would be an ideal place to add to your DOT long position with targets up to $6.29.
XZC/USD – Price Prediction
XZC is approaching the resistance zone of $3.69. If it can successfully break this resistance, we could see a move towards $4.06 and $4.68. Failure to break the resistance at $3.69 could lead to a move in XZC price towards $3.26 and $2.84. The risk-to-reward ratio for longing at $2.84 would be very high with a stop loss below the lower wicks.
ENJ/USD – Price Prediction
ENJ is approaching a resistance zone at $0.1609. If it can break this resistance, we could see a move in ENJ price towards $0.1822 and $0.1990. Failure to break the resistance at $0.1609 could lead to a drop towards $0.1382 and $0.1190. Both of these support zones could be good long opportunities.
CRO/USD – Price Prediction
Last on our list of altcoin price predictions is Crypto.com Coin. CRO is trading between the resistance zone of $0.07033 and support zone of $0.05798. If it can break the resistance zone at $0.07033, we could see a potential move towards $0.08153, $0.09675, $0.1113, and $0.1225. Failure to hold the support of $0.05798 could lead to a drop in CRO price towards $0.04793 and $0.03989
Images courtesy of TradingView.
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