• Altcoin traders are closely monitoring Tezos (XTZ), SingularityNET (AGIX), and Terra Luna Classic (LUNC) for potential breakout in the coming week.
• Google Cloud’s partnership with Tezos has caused a surge in its value, while ChatGPT’s increasing popularity has brought attention to AGIX.
• LUNC is trading inside a triangle pattern that may break its 31.8% Fib level soon.
Recent Shift of Crypto Investors Towards Altcoins
The cryptocurrency industry has experienced a remarkably positive first quarter of 2023, exceeding expectations despite earlier projections from investors predicting a short-lived bull run at the beginning of the year. During this time, there has been a noticeable shift in sentiment among crypto investors towards altcoins, as opposed to Bitcoin. This shift is partly attributed to the growing understanding of altcoin’s diversity and future potential beyond Bitcoin’s dominance.
Altcoins Gaining Attention
Altcoins such as Tezos, SingularityNET, and LUNC have garnered significant attention this week which may send them to new highs soon. These tokens are being closely watched by altcoin traders for their potential breakout in the coming week.
Tezos (XTZ) Price Analysis
Despite the ongoing market downturn affecting most cryptocurrency prices, Tezos‘ (XTZ) value has gained significant attention due to Google Cloud’s partnership with them. As of writing, XTZ token trades at $1.25 with a decline of 8%. The RSI is still in bullish region with an increase in buying pressure indicating that XTZ may rebound next week and head toward resistance at $1.75 levels if it breaks above $1.1 support level near EMA-100 mark.
SingularityNET (AGIX) Price Analysis
As AI platform ChatGPT’s popularity is constantly rising, AI altcoins like AGIX have gained enough attention to break their upcoming resistance levels in the next week with target price of $0.66 upper limit set by Bollinger band’s upper boundary . Currently AGIX is trading at $0.42 with 6% gains over last 24 hours and forming triangle pattern on 4 hour chart aiming towards 31% Fib level breakout .
Terra Luna Classic (LUNC) Price Analysis
The price movement of Luna Classic is currently trading inside a triangle pattern that indicates its 31%Fib level could break soon on higher side ,and if it does so then we can expect an exponential surge till its 0.$45 resistance price target .