• Altcoins, such as Tezos, SingularityNET, and LUNC, have gained significant attention this week and are likely to reach new highs soon.
• Tezos (XTZ) is currently trading around $1.25 and may reach a target of $1.75 in the coming week.
• SingularityNET (AGIX) is currently trading at $0.42 and could break its 31.8% Fib level to reach a high of $0.66 next week. Terra Luna Classic (LUNC) may also surge significantly in the near future if it breaks its resistance levels.
Altcoins on the Rise
In recent times, there has been a noticeable shift in sentiment among crypto investors towards altcoins, as opposed to Bitcoin. This shift is partly attributed to the growing understanding of altcoin’s diversity and future potential beyond Bitcoin’s dominance.
Despite the ongoing market downturn affecting most cryptocurrency prices, Tezos‘ (XTZ) value has gained significant attention due to Google Cloud’s partnership. Tezos may make a bullish reversal in the coming week with a target of $1.75. As of writing, the XTZ token trades at $1.25 with a decline of 8%. Looking at the daily price chart, the Tezos token is currently on a downward trajectory and is aiming to test its support near EMA-100 at $1.1.
As AI platform ChatGPT’s popularity is constantly rising, AI altcoins like AGIX have gained enough attention to break their upcoming resistance levels in the next week. AGIX is currently trading at $0.42, with a gain of 6.5% in the last 24 hours.
Terra Luna Classic (LUNC)
. On the 4-hour price chart, the AGIX token has formed a triangle pattern with the potential of breaking its 31