JD Points in a bullish ripple pattern; Binance Coin, Kangamoon Strengthen Positive Outlook
JD, one of the top cryptocurrency analysts, has claimed that altcoin Ripple (XRP) is following historical price trends and could soon experience a major rally. Meanwhile, researchers predict bullish price movements for Binance Coin and KangaMoon meme coin. Let’s take a look at some optimistic predictions.
Ripple (XRP) forms historical bullish pattern
Cryptocurrency expert JD discovered a symmetrical triangle on the current chart of Ripple (XRP). He noted that this pattern appeared on Ripple’s charts between late 2013 and early 2017.
Since then, Ripple coin has increased significantly in 2017. Before the surge, Ripple faced resistance after falling from its December 2013 high.
This formed a symmetrical triangle and Ripple emerged victorious in March 2017. The breakout of the symmetrical triangle took the Ripple coin from a low of $0.005 to a high of $3.31 in January 2018.
This increase translates to a 66,100% increase. Now, analysts have seen a similar pattern on the Ripple price chart, meaning the token could soon rise. Meanwhile, Ripple Coin rose 5.4% from $0.4994 to $0.5387 on the weekly chart.
Binance Coin (BNB) Price Prediction
Binance Coin (BNB) price is consolidating within a descending parallel channel after hitting local highs around $338.3. The weekly price chart shows the altcoin trading between $288.16 and $312.34, according to data from CoinMarketCap.
The token recorded a weekly gain of 4.9% following the consolidation period. The next target for Binance Coin price is $320.
Binance Coin is currently surrounded by an optimistic atmosphere. First, 15 out of 30 days (50%) were recorded as green days. Second, it is trading above its 50-day SMA ($291.38) and above its 200-day SMA ($250.64).
There is also a bullish relative strength index that is higher than the 50-point average, which means bulls have higher strength. Due to the bullish sentiment surrounding the token, analysts predicted the Binance Coin DeFi coin price to be $340.10.
Analysts have made optimistic predictions for KangaMoon (KANG) Meme Coin.
Besides Ripple and Binance Coin, KangaMoon (KANG) is another altcoin that has shown potential for a bullish price rise in 2024. Analysts have evaluated memecoin and predicted that KANG’s value will increase 35 times after listing on top exchanges.
KangaMoon is a futuristic meme coin project that has the potential to surpass popular meme coins like Dogecoin and Pepe. The main goal is to build a strong community of Meme Coin fans while allowing users to receive rewards for spending time on the platform.
The KangaMoon ecosystem includes a native token called $KANG. KANG memecoin is an Ethereum-based ERC-20 token. One of the advantages of the KangaMoon project is that there are no buying or selling taxes, allowing investors to maximize their returns.
Interestingly, KangaMoon coin has good token economics. Unlike other projects with token supplies reaching trillions of dollars, the total token supply is only 1 billion. The current KANG DeFi coin price is $0.005. Only 60% of the 1 billion tokens are available for sale in the pre-sale. Join the next generation of blue chip projects in the cryptocurrency space.
conclusion
Analysts’ optimistic predictions for Ripple, KangaMoon, and Binance Coin show that they have tremendous potential. As a result, it is a valuable addition to any investor looking for the best coins to invest in.
Discover the exciting opportunity of Kangamoon (KANG) pre-sale today!
Website: https://Kangamoon.com/
Join our Telegram community: https://t.me/Kangamoonofficial