đ„đ„đ„ #CryptoPrice predictions: Quant, #Mantra , Ripple $XRP
Cryptocurrency prices remained flat this week despite positive U.S. inflation data, with Bitcoin below $60,000 and Ethereum slightly under the same mark. The total market cap held at $2.04 trillion, and the Crypto Fear and Greed Index dipped to 37. U.S. CPI dropped to 2.6%, sparking hope for Federal Reserve rate cuts, while the upcoming Bank of Japan meeting presents a potential risk.
Altcoin Forecasts:
1. Quant ($QNT ): Quant surged 54% from its yearly low, driven by increased social media activity. Trading above its 50-day and 25-day EMAs, the token shows bullish momentum with a target resistance at $83.20. However, a decline in smart money holders poses a risk.
2. Mantra (OM): Mantra has rallied over 6,200% this year, supported by demand for tokenized assets and a 21% staking yield. The token broke above $1.068, with bullish indicators suggesting a test of its all-time high at $1.40.
3. Ripple (XRP): XRP has been trading sideways but saw a slight boost from Grayscale's XRP Trust. Rippleâs upcoming RLUSD #stablecoin may further impact its price. XRP is holding key support at $0.43 but remains below the 38.2% Fibonacci level, suggesting range-bound trading for now.
Despite market stability, #Altcoinsđđ like Quant, Mantra, and XRP are showing potential for upward moves based on key technical indicators.
Source - invezz.com
