For the first time in the previous nine months, the price of bitcoin reaches new yearly highs at $31,000. The massive recovery that began at the beginning of 2023 is getting close to certain critical thresholds. ARB, SOL, and ATOM are three altcoins that are currently showing a sharp positive trend.
The popular cryptocurrencies' future move is predicted by one of the top analysts, Altcoin Sherpa, who thinks these tokens are on the verge of a huge explosion. According to the expert, the ATOM has already gotten to the longer time frames and might still oscillate. He therefore thinks that given the lack of volatility currently being seen, the price may continue to consolidate.
“ Atom: High time frames I think that this looks pretty good, EMAs all reset on the 1D and price continuing to chop around. With that said, I don’t see any reason to buy this one for active traders. Not much volatility or strength relative to the rest of the market rn,”
In addition, the analyst feels that the price of Solana has hit critical levels and may now experience a temporary downturn. However, the decline is anticipated to draw additional liquidity, which could spark a good upswing later.
“ SOL: Interesting level here; not a buyer. S/R horizontal resistance area +200d EMA, I’m expecting a short pullback to the EMA cluster around $22. This is a buy the dip situation though IMO,”
Moving on to Arbiturm, Altcoin Sherpa believes there are excellent chances for it to rise above $2 in the near future. Despite lately experiencing a significant dip, the ARB price has been shown sufficient strength. The altcoin must therefore overcome the upper boundaries and establish a bullish path in order to see a meaningful breakthrough.
“ARB: Bought at $1.25, sold at $1.38 or something should have held. I still think that there’s more juice left in the tank for this on.
Using these fib extensions, send to $2+,”
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