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29 May 2020
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Altcoins Price Analysis

Cryptocurrencies price prediction: Bitcoin, NEO and Ripple

Bitcoin Price Analysis: It’s a make-or-break time for Bitcoin – Peter Brandt

On the upside, the initial resistance is created by $6,900 with the intraday high just below this level. Once it is out of the way, the upside is likely to gain traction with the next focus on $7,000 and $7,130 reinforced by SMA100 weekly. This barrier stopped the recovery earlier this week and may serve as a reversal point during the next bullish wave. A sustainable move higher will bring $7,500 (SMA200 4-hour) and psychological $8,000 back into focus.

NEO Price Analysis: NEO/USD struggles to settle above $7.00 as the upside momentum fades away

NEO, now the 2nd largest digital asset with the current market value of $492 million, is hovering around psychological $7.00. The coin has gained over 2% on a day-to-day basis, however, the upside momentum has faded away during early Asian hours. NEO tokens worth nearly $500 million changed hands in recent 24 hours, which is in line with the long-term average figures.


Ripple Price Prediction: XRP/USD vulnerable to downside correction – Ripple confluence

Ripple (XRP) has been the best-performing altcoin out of top-20 in recent 24 hours, The coin tested $0.1800 during late Thursday hours and managed to settle above $0.1700 on Friday. Ripple’s total market capitalization is registered at $7.5 billion, while an average daily trading volume reached $2.3 billion.

$0.1830 – Pivot Point 1-day Resistance 1

$0.1650 – Pivot Point 1-day Support 1, SMA50 1-hour SMA200 15-min, 23.6% Fibo retracement


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