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4 Altcoins to Watch Next Week Have Been Announced!
The altcoin market was relatively quiet during the week of July 24. Next week’s news reports point to more activity for these 4 private altcoins.
in august $BU$ 4 Altcoins to Watch Out for
The Federal Reserve (Fed) raised interest rates by 0.25% on Wednesday this week. The altcoin market has seen little volatility following the new rates. $ETHEREUM$ (ETH) ve $RIPPLE$ ( $XRP$ ) rises slightly, while $BITCOIN$ keep it steady.
As a result, $Bitcoin$ is consolidating below $29,500, $LTC$ Paving the way for leading altcoins like SOL and XRP to outperform next week. In particular, due to the upcoming halving cycle, $LITECOIN$ Needs attention.
$Litecoin$ (LTC)
Litecoin price volatility has increased in recent weeks due to the impending halving. LTC price fell as low as $92 at one point and eventually fell below $88. However, the starting price is $92. $REN$ The bulls are now successfully defending the downtrend as they move back into the ç zone.
LTC price needs to be clearly protected at $95 by next week. That level sets the stage for an initial move to $106 and then to $115. On the other hand, if the price falls and breaks above $87, LTC will drop sharply before the halving. This led the bears to reach the next key support at $81.8.
$SOLANA$ (sun)
Solana price is currently consolidating around the $25 mark. However, there has been a significant increase in this number over the past seven days. The current consolidation could be a sign of an impending bullish storm as bulls enter the market.
Moreover, the bulls have effectively opted to buy near-term dips. Therefore, they may soon raise prices and disrupt the current consolidation. There are more buying opportunities if SOL price rises above $26. $VEN$ I will create. This could push the price to the next key resistance at $30. On the other hand, a break below $22 would lead to a consolidation to $18-20. $POP$ Senior technical analyst Pentoshi is maintaining his upside forecast for now.
$Ripple$ (XRP)
Although XRP price has been on a steady rise lately, the bulls have failed to capitalize on the momentum. This shows that demand decreases as prices increase. In the next week, the bulls attempted to push the price above the 50-day SMA and break above $0.75. $ALI$ eaves. If this happens, it will confirm that the bulls are buying on dips. This brings the next psychological target at $0.85.
Conversely, the bears can gain dominance by pulling the price below $0.7. If successful, XRP price would drop sharply to the $0.65 support level, increasing the probability of a subsequent drop to $0.56.
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