Survive

Strong

Optimism

Celestia

<p>The post <a href="https://coinpedia.org/price-analysis/top-altcoins-facing-potential-crash-in-coming-week/" rel="noopener noreferrer nofollow">Top Altcoins Facing Potential Crash In Coming Week</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Despite the broader market turning optimistic with Bitcoin’s surge above $63,000, few altcoins struggle to make a comeback. This reflects an underlying fear in some altcoins that they could nosedive with minor market corrections.&nbsp;</p>
<p>Amidst the altcoins projecting a stronger week, they reflect potential weakness or a volatile pivot, reflecting a dangerous turn. Will these altcoins manage a bullish pivot or crash under the crucial support levels?</p>
<p>Let’s look closer at their price analysis for a more confident approach.&nbsp;</p>
<h2 class="wp-block-heading" id="h-weakness-in-sui-sui-warns-1-breakdown">Weakness in SUI (SUI) Warns $1 Breakdown</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/dfvHkpNePlKDT8YJAlRoLu4iwg8MROfpnHNQgFP4FsCqZOH9vYwxScT2PyM-j1EeTKb4K693vzNyIYEru8VWEN_21JJWvjhV2qJMoKFNcAkZGAbf464SvaEIhwogei4wui7-f_TicOJ4_3XSW8qrXtY" alt="">
 <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/x/6nJaMQM6/" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>
<p>With a bullish failure to reach the $1.50 psychological mark, the SUI price reverts from the 38.20% Fibonacci level at $1.42. However, the altcoin price action displays a potential double-bottom reversal at the psychological mark of $1.&nbsp;</p>
<p>With the RSI divergence, the chances of a bounce back are on the cards. However, the streak of bearish candles and the possibility of death cross warn of a downfall.&nbsp;</p>
<p>A bullish comeback could project a bull run in SUI to hit the $2 mark. However, a bearish dominance fracturing the $1 demand zone could prove fatal for the altcoin. In a breakdown, the next support is at a discount of 30% near $0.30, or the 78.60% Fibonacci level.&nbsp;</p>
<h2 class="wp-block-heading" id="h-optimism-op-recovery-faces-strong-resistance-nbsp">Optimism (OP) Recovery Faces Strong Resistance&nbsp;</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/MUaY3qImypV_3UeMCdlJagEGd1pLC_0t_apn5fR5KGjqzHMCdHobBWGERTIJUq2BQOJeXQU3p6CRA8Nam4KjN0z5HTzuwKYOyYzeQ8qW7iCDNBc8-SUMWghdKtIEm0-heGuB0rx6CP06pMfFSH-vopA" alt="">
 <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/x/LdYtbaqZ/" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>
<p>With a bullish recovery in the last three weeks, the OP price has increased by 21% to approach the psychological mark of $3. However, the 30D return for the altcoin remains 5% negative and struggles to surpass the 61.80% Fibonacci level.&nbsp;</p>
<p>Further, the bullish recovery could be a retest of the coming death cross between the 50 and 200D EMA. Hence, the price analysis projects the altcoin standing at a pivotal stage.&nbsp;</p>
<p>If the uptrend breaks above the $3 resistance, the uptrend could reach the $5 mark. On the downside, a reversal from the high supply zone could discount the altcoin by almost 50% to hit $1.50.</p>
<h2 class="wp-block-heading" id="h-celestia-tia-the-altcoin-facing-death-cross">Celestia (TIA) The Altcoin Facing Death Cross</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/9amge5BJ4JndTIdZUK9iKhmgocLn9VZwu6FGV6FpaY-AevnKRDvD_dsfT5o05SxMzDdW6zp9-J2YfyGcia1TA5zefxNOgd1qT4uNv9yBqHjrn-uEZyiHkitMz7gDbE4YzJ904A26HjRYDTKCA4DrurQ" alt="">
 <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/x/VdKqrphZ/" rel="noopener noreferrer nofollow">Tradingview</a>
 </figcaption>
</figure>
<p>With a bearish resistance trendline at play, the TIA price projects a strong pullback phase in play. As it faces constant rejection from the trendline and the dynamic 50D EMA, the altcoin shows a lower high trend.&nbsp;</p>
<p>The TIA price action shows a potential double bottom forming at the $9 demand, coinciding with the 61.80% Fibonacci level. Further, the RSI divergence bolsters the possibility of an uptrend and could surpass the resistance trendline.</p>
<p>However, the declining trend and the rising supply could break the $9 zone if the broader market faces a bearish speed bump. In such a case, a breakdown will plunge the altcoin to $6.&nbsp;</p>
<h2 class="wp-block-heading" id="h-will-these-altcoins-survive-next-week">Will These Altcoins Survive Next Week?</h2>
<p>As the recovery rally gains momentum in the broader market, the chances of a relief rally in altcoins increase. However, an underlying weakness in cryptocurrencies could lead to a critical breakdown. These coins could undergo a massive correction next week with such a tectonic shift.&nbsp;</p>

Top Altcoins Facing Potential Crash In Coming Week

Daftar Isi

CoinPedia News

Artikel lain yang dipublikasikan pada 4 Mei 2024

UNI Coin and 5 Other Cryptos Soar: Whales on the Attack!

When Bitcoin falls, BTC miners suffer – Post-halving’s chronicles

Bulls on the Rise? Spotlight on the Top Performing Altcoins Including Bitcoin (BTC)

Russian Crypto Trader Pleads Guilty to $9B Laundering Scheme Involving Bitcoin (BTC) in US

Is the Market Awakening? Top Analysts Name the Top 5 Cryptos to Buy Today

Bitcoin (BTC) Resurges: Whales Trigger Market Rebound with $2.8 Billion Investment

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!