The cryptography market is starting to go for the general public, especially after the new engineering law last week. This news has helped push Bitcoin at even higher levels of domination, which means that most of the money is going on in Bitcoin rather than on altcoins. But while investors are starting to buy during the Altcoin dip, popular altcoins like XRP, SU and basswood penguins could be on the right track to reach new heights of all time in the coming week.
Bitcoin domination can restrict altcoins
Bitcoin’s domination has increased a lot in recent weeks, now izing over 60%. As a result, many altcoins have seen their prices drop. If this trend continues, even more money could go to Bitcoin, which could put pressure on altcoins. However, despite this, the best altcoins like XRP, Suis and Pengu could break out and reach new heights of all time in the coming week.
XRP price analysis
Recently, XRP has reached peaks at all times above $ 3.60, but the realization was quickly overshadowed by large outings of a wallet linked to the co-founder of undulation Chris Larsen. Investors are faced with new warnings about becoming “exit liquidity” after the co-founder of Ripple Chris Larsen moved 50 million tokens to exchanges. It still has about $ 9 billion for sale.
If the concerns concerning XRP sell down, the XRP price could try to hold its resistance at $ 3.6. During the editorial staff, the XRP price is negotiated at $ 3.4, which has increased by more than 5.5% in the last 24 hours.
The RSI level is currently up, heading to the midline. If the purchase request continues and XRP exceeds $ 3.6, it could form a new ATH next week. However, not to hold above the EMA20 trend line on the 4-hour table could plunge open interest, eliminating the hopes of a new ATH.
SU PRICE Analysis
SU has climbed over the resistance of $ 4.2, and the Bulls managed to maintain the price above the level of rupture. This suggests that buyers are trying to switch the level of $ 4.2 in support. During the editorial staff, SU is negotiated at $ 4.3, increasing more than 13% in the last 24 hours.
If the price exceeds immediate FIB levels, the SUI / USDT pair could continue the upward trend. As a result, Suis Price could reach its previous ATH of $ 5.35.
Although the trend remains upwards, the level of overcouting on the RSI increases the risk of correction or short -term consolidation. If the price decreases and closes below $ 4, the pair could tumble at the 20 -day EMA.
Price analysis of fatty penguins
Pengu Price is currently stuck in a difficult fight between buyers and sellers around the bar of $ 0.045. If the price drops and closes below EMA20 level, sellers can lower it to $ 0.036.
But if the price rebounds strongly from $ 0.046, it would show that buyers buy at resistance levels. In this case, they will probably try to cross the upward resistance line at $ 0.051. If they manage to do so, Pengu Price could go to a new ATH next week.
