Crypto currencies’ cumulative value continues to target $2.1 trillion, yet BTC has not given up on sudden fluctuations. At the time of writing, BTC was recovering from near support at $51,500, attempting to climb back above $52,000. The outlook remains positive after closing above $50,000 for two consecutive weeks, with two altcoins making significant moves recently.
WLD Coin
Despite being a highly controversial project, Sam Altman’s initiative is capitalizing on the excitement in the AI sector. The biggest player in this category is the OpenAI company, and its brainchild, CEO Sam Altman, is also the founder of Worldcoin.
The price broke free from the decreasing resistance trend line on February 7 and has since increased by over 200%. The parabolic rally accelerated on February 12. If today’s movement continues, WLD will have formed its eighth consecutive daily bullish candle. If the price overcomes the tough resistance at $6.45, it could rise even further.
According to Elliot wave counting, the popular altcoin is currently in the third wave of a five-wave upward movement. If the peak target is reached as expected, we will see the price continue to rise up to the $9.15 resistance.
However, the key level here is $6.45. If WLD Coin bulls face excessive profit-taking sales that push the price below this, investors looking to cash in gains could drive it down to $4.9.
BEAM Coin Price Prediction
Similar to WLD, BEAM Coin has also started to rally in the last few days. The altcoin, having escaped the descending resistance line, rose to $0.035. Overcoming the key $0.026 level was the factor that accelerated the rally.
Popular crypto analyst InmortalCrypto announced that he made an 80% profit from his previously announced BEAM Coin position. The RSI is above the neutral zone, supporting the price increase. On the other hand, BEAM Coin is nearly reaching the $0.037 resistance, and it’s decision time. If the critical resistance area is permanently breached, we will see the price increase by 50% to $0.052.
In the opposite scenario, a rejection from resistance could trigger a pullback to the $0.026 support area. BTC surpassed $52,000 by the end of the article and currently looks positive.
