In the world of cryptocurrency, it’s hard to predict what the future holds. However, based on recent trends and news, we can make some predictions for three key coins: Dogecoin, XRP, and Casper Network.
Dogecoin has had a wild ride recently, with the support of Elon Musk and Twitter changing its logo to the Dogecoin logo. However, the price has dropped in the past four straight days and now sits below the important resistance level at $1. The Relative Strength Index (RSI) has moved below the overbought level, indicating that the coin will likely continue falling during the weekend as sellers target the key support level at $0.07. However, there is always a chance the coin could bounce back as investors buy the dip.
XRP has done well in the past few weeks as investors observe the Ripple vs SEC case. Expectations are that the case will end soon and that Ripple will prevail. On the daily chart, the Ripple price has pulled back and retested the important support at $0.4932, the highest point on March 21. This is known as a break and retest pattern, meaning that the coin will likely continue rising as buyers attempt to retest the year-to-date high of $0.58.
Casper Network has been in a slow bullish trend in the past few weeks, supported by the rising trendline. It has moved above the 25-day and 50-day moving averages while the RSI has moved above the middle line of 50. Casper is also approaching the important resistance at $0.04623, the highest point on March 3 and February 7. Therefore, there is a likelihood that the coin will continue rising as buyers target the resistance at $0.046, which is about 12% above the current level.
Of course, these predictions are subject to change and not guarantees. It’s important to do your own research before making any investment decisions in the cryptocurrency market.
