EGLD, VET, FTT, ATOM, And FTM Price Set to Explode! Here Are The Next Levels!

The post EGLD, VET, FTT, ATOM, And FTM Price Set to Explode! Here Are The Next Levels! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

The previous three to four weeks were proved to be the worst as a majority of crypto projects lost almost 30 to 40% of their value. However, with the commencement to the second half of December on Wednesday, cryptocurrencies have seen a sharp rise. The total market cap is up by 2.08% round the clock reaching the $2.20 trillion mark. 

Interestingly, more than the market leaders Bitcoin and Ethereum, altcoins have been performing well since the start of the day. Notably, Elrond (EGLD), VeChain (VET), FTX Token (FTT), Cosmos (ATOM), and Fantom (FTM) are poised for a crucial breakout. Here are the next levels for these altcoins. 

Will Elrond (EGLD) Price Surpass $300? 

Elrond (EGLD) has generated consecutive higher lows in the recent bear market. Howbeit, the EGLD price has managed to trigger an upward move with just an intersection of its price with 20 days MA. Whilst, 4-hour chart signifies the increase in the dominance of buyer sentiment. If the altcoin manages to pass 50 days MA around $269, it would trigger the price resurgence close to 200 days MA that is up to $343.43. On the contrary, in the case of bearish divergence, the EGLD would plummet to the bottom of $228. 

Vechain (VET) Price Poised For A Breakout!

Vechain (VET) price has been thriving hard to escape from the bearish reign. Whilst, in a recent sell-off it has lost its value well below 20-50-200 days MA. As RSI signifies bullish momentum in the next couple of hours, the VET price would rise up to $0.1178 that is close to 200 MA. If it manages to break above that level, the price would continue to rise up to test resistance at$0.16. 

If bears predominate in the next couple of hours, then the price would plummet to a crucial bottom between $0.05 and $0.06.

FTX Token (FTT) Price Awaits Another Parabolic Move!

FTX Token (FTT) has seen a sort of accumulation in the last 24 hours. At present, the FTT price has been thriving to break out at a crucial resistance of $37.46. As the price is trading close to 20 days MA, the altcoin would need to pass the immediate upper resistances of $39.41 and $41.12 in order to confirm a swift move up to $50. A further shift in the traders shift in the trader’s sentiment would plummet the price to bottom support of $33.35.  

Cosmos (ATOM) Price Under Radar!

Cosmos (ATOM) has lost almost half of its value in a recent sell-off. The asset has seen a brutal sell-off over the past 3 weeks. However, it needs to pass the resistance test of $22 and $25 to gear up above $33. On the contrary, it would flip to support of $20.  

Fantom (FTM) Price Manifests to Hit $2!

The Fantom (FTM) price has just plummeted below 20 days MA. However, as a cohort of traders jumped in to challenge sellers in the last 24 hours, the asset would clear the road for a price rally.  If it passes well above 20-50 days MA around $1.38 to $1.47, the next stop for the altcoin lies at $2. On the flip side, if bears continue to predominate then the asset would flip to bottom support of $1.10. 

Collectively, the aforementioned altcoins are hovering at their crucial bottoms, bull season would skyrocket the price eventually. If ongoing bearish sentiments continue to predominate the space, these altcoins would plummet to their local lows.