- The Bitcoin price must form a base before attempting a $50,000 rally.
- The price of Ethereum shows strength as it bounces off the support cluster at around $3,000.
The price of Crypto.com could regain ground as the bulls target $0.46
The price of Crypto.com could rise by 10% to $0.46 if the technical data is correct. The price of Crypto.com has been a fun chart to trade between analysts and professional traders. Last month, a 20% rally was captured, followed by a clear sell signal at $0.50 that was also documented.
READ MORE: Japan: trading giant Mitsui is expected to launch a gold-backed stablecoin soon
Here are the bullish signals that the Algorand price displays
Algorand’s price may seem too good to be true for most traders, as the price is about to invalidate last week’s bullish trading setup. Speculation alone will never pay the bills, and the ALGO price is worth the risk. Algorand’s price encourages analysts to make a fuss because the digital token looks promising.
Why the Bitcoin price will turn around to $44,000
The Bitcoin price could show the first signs of an ongoing counter-trend rally. Traders who like risk may want to get involved. The Bitcoin price is always an entertaining asset to watch. It was mentioned earlier this week that the price of Bitcoin would fall to $39,000, but asking for anything more would be a greed-filled demand.
READ MORE; Long-term Bitcoin forecast: Here’s what this Ethereum boss thinks
The Ethereum price restarts its uptrend.
The Ethereum price has stabilized above the support cluster, which ranges from $2,800 to $3,000. This zone contains a demand zone and a bullish cross of the 50- and 100-day simple moving averages (SMAs).
ETH is already bouncing back on this cluster, targeting the 200-day SMA at $3,492 and the low-volume node at $3,703. But in a very bullish case, the Ethereum price could reach the next high-volume node at $4,040. High-volume nodes are levels where many purchases and sales have taken place in the past, providing support and resistance.
A quick move below the lower limit of the support confluence at $2,820 will create a lower low and invalidate the bullish thesis. In such a case, ETH could retest the next high-volume node on the downside at $2,584.
