Continuing growth in Crypto Market has driven several tokens towards new highs, with many already achieving this milestone in the past week. Some people poised to follow the lawsuit are BNBs who are on track to make history.
Beincrypto was able to identify two additional Altcoins that were quickly approaching the highest ever, and quickly set up a new record.
XRP
XRP prices recently marked the best newest ever, reaching $3.66 for the first time in over six months. Altcoin quickly experienced a slight DIP, but is now just 3.2% below the ATH.
The exponential moving average shows a bullish golden cross and is now serving as a dynamic support. This technical signal suggests that XRP is being prepared for continued profits. A breakout beyond the $3.66 level will allow Altcoin to be pushed towards $3.80, allowing you to set a fresh high.
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However, profits are still a risk, as some investors may be trying to acquire cash on recent profits. If sales pressures intensify, the XRP price could fall below the $3.38 support level. A drop to $3.00 could void bullish prospects and potentially mark the beginning of a wider fix.
BNB
BNB prices are currently trading at $761, with only 4% shortfalls of not violating the all-time high of $793. Investors have been waiting for seven months at this moment. To achieve a breakout, AltCoin will first need to secure $741 for stable support.
The parabolic SAR indicator is currently located under the candlestick and serves as a strong signal of bullish momentum. This technical pattern suggests a continuous uptrend. If sustained, BNB could also surpass the $793 mark and rise to $810, further strengthening the optimism of the newest ever-growing investors.
However, premature sales could hinder this rally. If BNB cannot maintain its support level of $741, there is a risk of it falling to $700. Such a decline could negate bullish outlook and cause a wave of attention across the market, especially among short-term bank traders at breakouts.
High lipids (hype)
The hype is arranged to chart the best new charts of all time, provided that it secures $46.94 in solid support. Maintaining this floor could pave the way for hype to extend the upward momentum in the near future.
The hype currently trading at $46.89 is just over 6% since violating the all-time high of $49.87 recorded last week. One cloud formed under the candlestick signals the growth of strength. This technical setup shows that the hype is likely to surpass the $50.00 mark soon.
However, if the hype fails to establish $46.94 as reliable support, the bullish outlook could be void. The drop heading towards $42.30 represents a major fix that erases recent profits. Such a reversal will also reduce investor confidence and indicate a potential change in short-term market sentiment.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always conduct your own research and consult with an expert before making a financial decision. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
