In recent months, several cryptocurrencies, including bitcoin (BTC), have come close to collapse. They have managed to stay afloat despite the many turbulences in the crypto market. Bitcoin (BTC), for example, managed to hold around $20,000. According to recent data, 5 digital assets should soon offer trading opportunities. Here is what the graphs of these 5 cryptocurrencies indicate.
BTC, XRP, UNI, QNT and EGLD
In recent days, BTC has struggled to break above the 50-day simple moving average of $19,961. This means that the bears have not given up yet. At the same time, the bulls are struggling to succeed in raising the price of bitcoin (BTC) in the short term. If they succeed, the BTC/USDT pair could reach up to $22,800. Otherwise, the bears would take over to bring the flagship crypto down. The price of BTC could then drop to $18,626, then to $17,622, or even $15,000.
Furthermore, crypto analysts believe that if XRP manages to break above $0.56, it can easily reach $0.66. Then, if the bulls persist in their struggle, the price could change to $0.80. However, the bears might prove more persistent, taking the price to $0.41. Moreover, the Uniswap (UNI) is currently hovering around $6.57. Under the action of the bulls, it could reach $7, or even $8.67. But, the bears are threatening to take it down to $6.20, then to $6, or even $5.66.
The Quant (QNT) crypto currently costs $152.53. With any luck, it could reach $162, then $200, before aim for the $230 mark. But, if the price drops sharply from the current level, the QNT could go down to $130. Finally, the bears are pulling the Elrond (EGLD) towards $53. They could bring the crypto down to $47 or even $45. Meanwhile, the bulls are pushing the price above $57. They aim for $62, then the 70 dollar mark.
According to analysts, bitcoin (BTC), XRP, Uniswap (UNI), Quant (QNT) and Elrond (EGLD) are promising assets. After coming close to collapse for the past few days, these 5 cryptos could soon offer great opportunities for traders.
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