The crypto market held relatively steady on Tuesday despite the elevated risks in the market, with tensions between the US and Iran escalating. Bitcoin remained strong above the key support at $80,000, while the market capitalization of all coins rose to $2.6 trillion.
This article provides a forecast for top altcoins like Terra Luna Classic (LUNC), Ripple (XRP), and World Liberty Financial (WLFI).
LUNC price technical analysis
The Terra Luna Classic price has staged a strong rebound this month, making it one of the best-performing coins in the crypto industry. LUNC token jumped to $0.00010, its highest point since January 16 this year.
The token has crossed the important resistance level at $0.0000807, its highest point in December last year. This surge has happened amid the ongoing speculation among investors and as the token burn rate accelerates.
The LUNC price has moved above the 23.6% Fibonacci retracement level. It also moved above the 50-day and 100-day Exponential Moving Averages (EMA), confirming the bullish outlook.
At the same time, the Relative Strength Index (RSI) and the Percentage Price Oscillator (PPO) have continued rising in the past few weeks. This surge is a sign that it is gaining momentum.
At the same time, the token has continued to attract more investors amid the ongoing Fear for Missing Out (FOMO). It has also moved from the accumulation phase of the Wyckoff Theory to the markup one.
Therefore, the LUNC price will likely continue rising as bulls target the next key resistance at $0.000015, which is slightly above the 50% Fibonacci retracement level. On the flip side, a drop below the key support at $0.00008075 will invalidate the bullish outlook.
XRP price prediction: Technical analysis
The daily chart shows that the XRP price has remained inside a narrow range in the past three months despite the ongoing ETF inflows and positive Ripple news. For example, Ripple Labs has achieved substantial success in terms of licensing, while the company has gained a valuation of $50 billion.
It was trading at $1.40, much lower than last year’s high of over $3.66. The token has formed a double-bottom pattern, a common bullish reversal sign in technical analysis.
XRP’s Bollinger Bands have narrowed in the past few months, a move that normally leads to a strong bullish breakout over time.
The Relative Strength Index (RSI) and the PPO have continued rising, a sign of a bullish divergence. Therefore, the token will likely remain under pressure in the near term and then rebound sharply in the coming days.
WLFI price technical analysis
The WLFI price has rebounded in the past few days as investors waited for the upcoming statements by Donald Trump Junior and Eric Trump at the Consensus event in Miami.
World Liberty Financial token has also risen amid the ongoing legal battle between the company and Justin Sun, its biggest investor. The company filed a counter lawsuit against Sun on Monday this week.
The token has also jumped as signs that a vote that will lock billions of tokens for longer appeared to pass with over 10 billion tokens voting in favor of it.
WLFI price is nearing the important resistance level at $0.08600, its lowest level on October 10 last year. That is a sign that it wants to form a break-and-retest pattern, a common continuation sign in technical analysis.
WLFI price chart | Source: TradingView
The most likely WLFI price prediction is bearish, with the next key target falling below the key support at $0.5000.
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