Crypto Market’s Positive First Quarter of 2023
• The cryptocurrency industry has experienced a remarkably positive first quarter of 2023, exceeding expectations despite earlier projections.
• Several altcoins have emerged with a transparent roadmap, surpassing Bitcoin’s dominance in the market.
• Google Cloud’s partnership with Tezos (XTZ) has gained significant attention, causing it to make a bullish reversal in the coming week and targeting $1.75.
Altcoin Traders Are Closely Watching These Assets
Altcoin traders are closely watching assets such as Tezos (XTZ), SingularityNET (AGIX) and Terra Luna Classic (LUNC) for potential breakouts in the coming week. Tezos is currently trading at $1.25 with a decline of 8%. It is aiming to test its support near EMA-100 at $1.1, but as the RSI is still in a bullish region with a spike in buying pressure, XTZ may rebound next week and head toward resistance of $1.75. SingularityNET is currently trading at $0.42, with a gain of 6.5% in the last 24 hours and has formed a triangle pattern potentially breaking its 31.8% Fib level if AGIX breaks above $0.45 it may witness an exponential surge to its Bollinger band’s upper limit of $0.66 Lastly, Terra Luna Classic is trading at around 80 satoshis on Binance Futures which indicates that LUNC will be able to break out from this range and reach up to 120 satoshis over the next few weeks if it maintains support near 75 satoshi mark and breaks above 85 satoshi mark then there will be higher chances for LUNC to reach up to 120 satoshi mark by end of this month or early April..
Tezos‘ value has gained significant attention due to Google Cloud’s partnership which may send it to new highs soon if it rebounds next week towards resistance of $1.75 as indicated by its current downward trajectory aiming towards support near EMA-100 at $1.1 yet still stays bullish due to spike in buying pressure indicated by RSI being still in bullish region .
AI altcoins like AGIX have gained enough attention due ChatGPT’s rising popularity which may lead them breakout their upcoming resistance levels in the coming week if they managed to break above their Fib level at 045$ and surge exponentially towards their Bollinger band’s upper limit at 066$.
Terra Luna Classic (LUNC)
The price movement of Luna Classic is currently indicating that LUNC might be able break out from 80satoshis range on Binance Futures due maintaining support near 75satoshi mark while breaking above 85satoshi mark giving more chances for reaching up to 120satoshi mark by end this month or early April depending on how well they manage maintain support while breaking resistance levels mentioned