For the past week, the total value of the cryptocurrency market has remained steady at $1.97 trillion, while activity in altcoin projects continues. Currently, the inflows and outflows in the crypto world are almost equal, hence the market value is not increasing. There is also a situation where money is circulating within the market itself. An analyst provided evaluations for altcoins he expects to rise in such an environment.
PEPE and LIT Analysis
Analyst Worlds of Charts emphasizes a breakout in the meme coin PEPE from its trend line. The analyst notes that a certain trend line has been surpassed on the price chart, indicating a positive signal. Following this, the analyst points to an expected surge of 45-50% in the coming days if the breakout is successful. If the trend line is successfully breached, the analyst anticipates a price increase of around 45-50%.
Another altcoin highlighted by the analyst is LIT. The analyst states that the altcoin has moved as expected and has so far provided a profit of over 85%. Moreover, the analyst suggests that the altcoin has now broken another trend line, and this successful breakout could lead to a bull rally towards $5 in the near future.
CELO and THETA
The third altcoin the analyst evaluated is CELO. According to the analyst, if CELO successfully breaks the descending trend line and horizontal resistance, there will be a significant upward movement in price. The analyst believes CELO has the potential to show an increase of 262% in such a scenario.
The last cryptocurrency discussed by the analyst is THETA. The analyst points out that the altcoin THETA has already bottomed out and is ready for a solid recovery. This situation also means that the altcoin is ready to exit the downtrend and start rising, according to the analyst.
The analyst’s expectation for THETA is an increase of 346%. It is possible to consider the levels provided by the analyst as a potential investment opportunity. After all, the main targets for the price have been determined. However, it is still beneficial for investors to conduct their own research and determine their positions accordingly.
