Among Ethereum Classic, Chainlink, and XRP, ETC is the only one without a massive community. XRP is the one that shows a downtrend while Link and ETC have potential surges lined up in the near future.
Ethereum Classic is the 19th largest cryptocurrency with a market cap of $773 million and the price at $6.65. The coin has declined by 1.36% in the last 24 hours. Regardless, the price of ETC has better prospects considering the formation of a potential Cup and Handle pattern.
The “handle” part of the Pattern is yet to be formed, hence, completion of this would lead ETC to have a surge of 10-12% from $6.84. Further, the CMF indicator showed that the capital inflow and/or outflow is at zero.
Chainlink is a cryptocurrency with as strong a community. “Link marines” as they are called, have something to be happy about, as the price has consistently formed a higher high since the March 12 drop.
Additionally, in the last few days, the price has surged continuously and stands now at $3.799 with a market cap of $1.323 billion. Further, the coin has seen a 1.65% surge in the last 24 hours.
As seen in the MACD indicator, there is a formation of a bullish crossover, hinting that surge has the bulls backing it. Further, the price will face headwinds at resistance $4.27, and breaching this would be extremely good for Link as the next resistance would be at $4.95 or ~$5, which hasn’t been hit since February/March 2020 rally. Alternatively, if the coin drops, the price could head to $3.37.
The third-largest coin [in terms of market cap] has its price forming a Bart pattern. According to CoinMarketCap the coin has seen a 0.11% decline in the last 24 hours and has a market cap of $8.87 billion.
Additionally, Ripple partner SBI Holdings announced the plan to integrate Ripple-powered ATMs across Japan. Ripple and SBI Holdings have been in partnership for quite a while and Japan has ambitious plans with regard to improving how money moves in the country.
However, the news did not affect the price of XRP. XRP is forming an ascending triangle and is near the breakout point. If the breakout favors the bulls, then the coin will see an increase to $0.2058, which is a 2.5% increase from the current level. Following this level is 0.2254 at 11% from the current price levels. In case, the breakout favors the bears, the price will head towards $0.1940 at a 3% decline from the current level.
RSI seems to be at a neutral zone at the time of writing, hence, the breakout chances are equally distributed to both bears and bulls.
Where to Invest?
Subscribe to our newsletter