• Altcoin traders are closely watching Tezos (XTZ), SingularityNET (AGIX) and Terra Luna Classic (LUNC) as they have potential to breakout in the coming week.
• Google Cloud’s partnership with Tezos has made it a crypto asset with considerable upside potential, while ChatGPT’s popularity is driving demand for AI altcoins like AGIX.
• LUNC is currently forming a triangle pattern with the potential of breaking its 31.8% Fib level, setting up a possible surge to its Bollinger band’s upper limit of $0.66.
Altcoins May Breakout In Coming Week
In recent times, there has been a noticeable shift in sentiment among crypto investors towards altcoins, as opposed to Bitcoin. This shift is partly attributed to the growing understanding of altcoin’s diversity and future potential beyond Bitcoin’s dominance.
Tezos (XTZ)
Despite the ongoing market downturn affecting most cryptocurrency prices, Tezos‘ (XTZ) value has gained significant attention due to Google Cloud’s partnership. As of writing, the XTZ token trades at $1.25 with a decline of 8%. Looking at the daily price chart, Tezos may make a bullish reversal in the coming week with a target of $1.75.
SingularityNET (AGIX)
As AI platform ChatGPT’s popularity is constantly rising, AI altcoins like AGIX have gained enough attention to break their upcoming resistance levels in the next week. The AGIX token is currently trading at $0.42, with a gain of 6.5% in the last 24 hours and may head toward resistance near EMA-100 at $ 0.45.
Terra Luna Classic (LUNC)
The price movement of Luna Classic is currently in an intriguing position that indicates it may break above its 31.8% Fib level soon and move towards its Bollinger band’s upper limit of $0.66.
Conclusion
Altcoins such as Tezos (XTZ), SingularityNET (AGIX) and Terra Luna Classic (LUNC) have garnered significant attention this week which may send them to new highs soon if they manage to break out from their respective resistance levels.