Top Altcoins To Watch Next Week: Loom Network (LOOM), Bancor (BNT) And Solana (SOL) Prices Might Register More Gains
The post Top Altcoins To Watch Next Week: Loom Network (LOOM), Bancor (BNT) And Solana (SOL) Prices Might Register More Gains appeared on BitcoinEthereumNews.com. The market underwent a correction this week, influenced by rising inflation and interest rates. Bitcoin’s price stabilized in a balanced zone below $27K, sparking a shift in market sentiment. While leading altcoins struggled to deliver strong performances, numerous emerging projects captured attention this week, satisfying investors with their achievement of short-term price goals. Nonetheless, traders are wondering if LOOM, BNT, and SOL prices can register additional gains in the upcoming week. Investors Switch Focus To New Altcoins As Bitcoin’s dream for a bullish surge fades, it forces investors to significantly adjust their portfolios. Furthermore, Glassnode indicates a net position change among HODLers in recent weeks, with Bitcoin’s low volatility and pressure from short-term holders contributing to a lazy market sentiment. As a result, emerging altcoins like Loom Network and Bancor Network are dominating social discussions, both logging massive gains over the past week. Therefore, the excitement surrounding these altcoins is rising, and a soaring trend might be witnessed in the upcoming week. Loom Network (LOOM) Price Analysis Loom price has recently touched the 20-day EMA trend line at $0.248, but bears failed to drive the price further below. Currently, bulls are now preparing for an escape to trigger a robust breakout next week. Bears may attempt to drive the price down to a crucial support at $0.24, a level where robust purchasing by bulls is anticipated. Should the price decline from this level, LOOM price might head toward its breakout point at $0.19. In recent hours, buyers are making aggressive purchases, creating a breakout moment from its consolidation. A surge above $0.3 might validate a 3x gain and LOOM price might reach a high of $0.9. Bancor Network (BNT) Price Analysis In the last seven days, BNT price registered a gain of nearly 30%. Though the BNT price lost 50%…
The post Top Altcoins To Watch Next Week: Loom Network (LOOM), Bancor (BNT) And Solana (SOL) Prices Might Register More Gains appeared on BitcoinEthereumNews.com.
The market underwent a correction this week, influenced by rising inflation and interest rates. Bitcoin’s price stabilized in a balanced zone below $27K, sparking a shift in market sentiment. While leading altcoins struggled to deliver strong performances, numerous emerging projects captured attention this week, satisfying investors with their achievement of short-term price goals. Nonetheless, traders are wondering if LOOM, BNT, and SOL prices can register additional gains in the upcoming week. Investors Switch Focus To New Altcoins As Bitcoin’s dream for a bullish surge fades, it forces investors to significantly adjust their portfolios. Furthermore, Glassnode indicates a net position change among HODLers in recent weeks, with Bitcoin’s low volatility and pressure from short-term holders contributing to a lazy market sentiment. As a result, emerging altcoins like Loom Network and Bancor Network are dominating social discussions, both logging massive gains over the past week. Therefore, the excitement surrounding these altcoins is rising, and a soaring trend might be witnessed in the upcoming week. Loom Network (LOOM) Price Analysis Loom price has recently touched the 20-day EMA trend line at $0.248, but bears failed to drive the price further below. Currently, bulls are now preparing for an escape to trigger a robust breakout next week. Bears may attempt to drive the price down to a crucial support at $0.24, a level where robust purchasing by bulls is anticipated. Should the price decline from this level, LOOM price might head toward its breakout point at $0.19. In recent hours, buyers are making aggressive purchases, creating a breakout moment from its consolidation. A surge above $0.3 might validate a 3x gain and LOOM price might reach a high of $0.9. Bancor Network (BNT) Price Analysis In the last seven days, BNT price registered a gain of nearly 30%. Though the BNT price lost 50%…
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