The cryptocurrency market has shown renewed upward momentum, with Bitcoin $68,652 hovering around the $63,000 mark. This resurgence has sparked dynamic trading hours for altcoins. Earlier discussions highlighted the potential rapid recovery of SHIB in the event of a Bitcoin rise, which indeed materialized. Consequently, there is growing interest in price predictions for other altcoins, including XTZ, AMB, and ETH.
Insights on XTZ Coin
Crypto Tony recently shared an updated forecast for XTZ Coin. He advised buyers to focus on the $0.77 level, suggesting that a closing above this point could accelerate upward momentum. His target price is the previous peak of $1.50, indicating a potential increase of approximately 100%.
Moustache expressed views on the general trend of altcoins, referencing a chart from 2019 to 2024. He noted that regaining the SMA20 line on a weekly chart is uncommon, but when it occurs, there is typically a significant upward trend in subsequent years.
The SMA20 is a closely monitored signal in the total market capitalization graph of cryptocurrencies, with historical data supporting anticipated increases in the coming months.
Price Forecasts for AMB and ETH
Daan Crypto Trades focused on Ether, updating a graph shared on September 29. Previously, it was suggested that the price could remain below $2,800 for some time. The key breakout point is $2,800, and if the price surpasses this level, a true rise is expected. Fluctuations are likely to continue between $2,100 and $2,800 in the interim.
Marco Johanning argues that AMB Coin has strong potential due to its low market value.
He notes that AirDAO, the smart contract platform with the highest market value on Binance, is continuously improving. A significant rise is anticipated if it gains traction, emphasizing the importance of observing the solid support established over the past year.