This Crypto is a “Sleeping Giant” That Could Soon See a Face Ripping Rally
Although the crypto markets have faced some turbulence this morning, it is important to note that altcoins have been caught within firm uptrends over the past several days and weeks, with this momentum being emblematic of the prophesized “alteseason” that investors have been anticipating.
In the near-term, it is highly likely that altcoins continue incurring major momentum as Bitcoin enters what appears to be a consolidation range within the lower-$10,000 region.
The next altcoin that could see some massive momentum is NEO – a popular Ethereum competitor – which analysts believe could be gearing up for a significant upwards movement.
The Crypto Market Faces Turbulence, But Altseason Remains Intact
This aggregated crypto market incurred some bear-favoring turbulence this morning when Bitcoin broke below $10,000, which instantly led most major altcoins to also shed some of their recent gains.
It is important to note that this bearish price action has not been enough to invalidate the market’s bullish structure, as most major cryptocurrencies are still trading up significantly from where they were just a couple of weeks ago.
In the near-term, it is highly probable that altcoins will begin seeing further upwards momentum, with the gains posted by Ethereum, Tezos, and Chainlink marking the start of what appears to be the next “altseason.”
NEO could be the next major crypto to see a “face ripping” rally, as TraderXO – a popular crypto analyst on Twitter – explained in a recent tweet that he thinks it is a “sleeping giant.”
“NEO – Is it a sleeping giant? Certainly looking forward to picking some up on significant enough pullback if the opportunity arises. Will be following this closely for any substantial announcements in 2020,” he explained.
Bitcoin Holding Crucial Support: Here’s What Could Propel it to $7K
Wednesday April 01, 2020
Bitcoin corrected lower from the $6,600 resistance area against the US Dollar. BTC price is currently holding the key $6,250 support and it could start a fresh increase in the near term. Bitcoin started...
The post Bitcoin Holding Crucial Support: Here’s What Could Propel it to $7K appeared first on 12bitplay - Bitcoin Play.
$NEO – Is it a sleeping giant?
Certainly looking forward to picking some up on significant enough pullback if the opportunity arises.
Will be following this closely for any substantial announcements in 2020. pic.twitter.com/4B4z8XZPRz
— TraderXO (@TraderX0X0) February 15, 2020
Halving Battles Coronavirus as Bitcoin Enters Its Provably Bullish Quarter
Tuesday March 31, 2020
Bitcoin is set to close its one of the most roller-coaster fiscal quarters in a negative area. But the cryptocurrency’s biggest test now lies in the 2020’s second quarter as it arrives in the...
The post Halving Battles Coronavirus as Bitcoin Enters Its Provably Bullish Quarter appeared first on 12bitplay - Bitcoin Play.
NEO’s Technical Situation Grows Highly Bullish
This next massive upside NEO movement could be driven by incredibly strong technical formations that the crypto has been able to form in recent times.
Josh McGruff, another well-respected analyst and trader, spoke about the crypto’s technical strength in a recent tweet, saying that it is “ready to run.”
“NEO breaks this resistance and it easily runs 50%. 4HR shows a lot of positive volume. 1D just had a 200/50 Golden Cross on the EMA. It’s ready to run,” he said while referencing the charts seen below.
Ripple (XRP) Signaling Fresh Surge Similar to Bitcoin and Ethereum
Thursday April 02, 2020
Ripple is rising steadily from the $0.1680 support area against the US Dollar. XRP price is likely to rally 3%-4%, similar to the recent move in bitcoin and Ethereum. Ripple price is slowly gaining...
The post Ripple (XRP) Signaling Fresh Surge Similar to Bitcoin and Ethereum appeared first on 12bitplay - Bitcoin Play.
$NEO breaks this resistance and it easily runs 50%
4HR shows a lot of positive volume.
1D just had a 200/50 Golden Cross on the EMA
It's ready to run. pic.twitter.com/vHDKM437Ns
— Josh McGruff (@JoshMcGruff) February 14, 2020
Unless Bitcoin’s ongoing pullback shifts into a full-fledged bout of capitulation, it is highly likely that it will see an extended bout of sideways trading that allows smaller altcoins like NEO to incur some notable momentum.
Featured image from Shutterstock.