BTC has broken all records and has surged over $32,000. This is a historic moment for all crypto traders. But what will happen now? Will we see a correction in the BTC and altcoin market?
Bitcoin dominance has been steady and is not decreasing. As long as BTC dominance is high and BTC corrects from $32,000, we are likely to see a drop in the altcoin market as well. However, if we see a drop in BTC dominance and BTC starts consolidating in this region, the next alt season will be huge.
Let us review ZIL, XMR, and RSR.
ZIL/USD – Price Prediction
ZIL has grown almost three times in value in a month’s time from $0.03x towards $0.08X. ZIL has established a support at $0.0764. As long as ZIL stays above $0.0764, we can start seeing a move towards $0.085, $0.096, $0.105, and $0.113. Failure to hold the support of $0.0764 could lead to a ZIL price drop towards $0.0686.
XMR/USD – Price Prediction
XMR lost two major supports of $160 and $148. It is currently trading above the support of $135. If the support of $135 breaks, XMR could drop towards $125, $119, $109, and $97. If the support of $135 holds, we could see a move in XMR price towards $148 and $160.
RSR/USD – Price Prediction
RSR is currently trading close to its final resistance. If it can break this resistance, RSR will enter a price discovery zone. Breaking $0.0257 could lead to a move towards $0.0276, $0.0297, $0.0312, and $0.0337. Failure to break the resistance at $0.0257 could lead to a drop in RSR price towards $0.0233, $0.0229, and $0.0209.
Images courtesy of TradingView.
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