Crypto prices bounced back this week even after the US published strong inflation data, raising concerns that the Federal Reserve will maintain higher interest rates for longer. Bitcoin price held steady above the support at $96,000, while the total market cap of all coins jumped to over $3.2 trillion. This article explores some of the top coin predictions like Floki, Quant, Jito, and Sui.
Floki price forecast
Floki, like other meme coins, has crashed by double digits in the past few months. It has fallen from $0.0003482 in June last year to $0.00010.
Floki moved below the key support at $0.0001140, its lowest swings since May last year, a sign that bears are in control.
Further, the coin has recently crashed below the 61.80% Fibonacci Retracement point. It has also formed a death cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other.
The Floki token has formed a bearish flag chart pattern, a popular bearish sign. Therefore, the token will likely rise and retest the resistance at $0.0001140 and then resume the downward trend. A break and retest pattern is a popular sign of a bearish sign. The key support level to watch will be at $0.00007133, the lowest swing this month.
Quant price analysis
Quant is a top crypto player focused on real-world asset (RWA) tokenization. It operates an overledger, an enterprise-grade platform that allows entities to issue and tokenize their assets on any chain. Overledger serves the same purpose as Chainlink’s Cross-Chain Interoperability Protocol (CCIP), with a few differences.
The RWA tokenization trend is one of the biggest trends in the crypto industry, with assets worth trillions of dollars expected to be tokenized.
The Quant token price dropped and bottomed at $73.26 last week. It then rebounded and is approaching the psychological point at $100. Quant remains below the 100-day moving average, a bearish sign. It has moved to the 61.8% Fibonacci Retracement point.
Therefore, the coin will likely resume the downtrend and possibly retest the key support at $83.20. A bullish breakout will be confirmed if it moves above the 50-day EMA at $101.73.
Jito price prediction
Jito is a top player in the Solana ecosystem that has become highly popular. It is a cash printer that makes millions of dollars each day such that it makes more money than Solana and Ethereum.
JTO price has remained above the ascending trendline that connects the lowest swings since January 2024. The coin has moved above the 50-day moving average. It has also moved slightly above the bottom of the trading range of the Murrey Math Lines.
Therefore, the JTO price will likely keep rising as bulls target the ultimate resistance point at $3.90, up by about 30% above the current level. A drop below the strong, pivot, reverse point at $2.7 will invalidate the bullish view.
Sui price analysis
The Sui token price has rebounded in the past few weeks. It has risen in the last four straight days.
Its performance is notable since it has moved above the upper side of the falling wedge chart pattern, a popular bullish reversal sign. The coin has moved above the 38.2% Fibonacci Retracement point.
The Relative Strength Index (RSI) and the MACD indicators have pointed upwards, a sign that it is gaining momentum. Therefore, more upside will be confirmed if the Sui coin price moves above the 50% retracement level at $3.89.
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