The crypto market has embarked on a strong bullish trend this week, with Bitcoin and most altcoins being in the green. This bull run could continue as the US dollar index softens, Crypto Week nears, and Trump advocates for a 3% rate cut.
This article provides a crypto price prediction of top altcoins like Pepe Coin (PEPE), Stellar Lumens (XLM), and Zebec Network (ZBCN).
Pepe Coin price technical analysis
The daily chart indicates that the Pepe Coin price has experienced a strong bull run over the past few days. It moved from a low of $0.000082 in July to the current $0.0000110.
The rebound is largely due to the ongoing crypto market rally and bullish technical indicators. For example, the token remained above the ascending trendline that connects the lowest swings since March this year.
Most importantly, the coin has formed a falling wedge pattern. This pattern is made up of two falling and converging trendlines, with the breakout happening when the two lines near their convergence.
Pepe Coin price has moved slightly above the 50-day and 200-day moving averages, meaning that a golden cross pattern may happen soon. The most likely scenario is that the Pepe token rises and hits the key resistance level at $0.00001616, which is approximately 50% above its current value.
Zebec Network price forecast
Meanwhile, Zebec Network price has bounced back this week, surging from a low of $0.0023 to $0.0036. This rally took place after the company’s leaders were invited to speak in the British parliament, where they discussed regulation.
🇬🇧 Zebec Leadership to speak in the British Parliament – House of Lords on Regulation and Compliance on July 10.
Zebec Network has been invited to present at the Palace of Westminster, addressing key industry topics from compliance to whistleblower policies, and advising on
Zebec Network also presented its idea for a super application that combines payment and payroll services. These developments happened as the ecosystem followed the acquisition of Science Card, a British company with over 50,000 users.
The daily chart shows that the ZBCN price bottomed at $0.00230 this week and then staged a strong comeback to the current $0.00368. ZBCN price has jumped above the 50-day and 100-day moving averages.
Zebec has also jumped above the Major S/R pivot point of the Murrey Math Lines tool. Therefore, the most likely scenario is where it continues rising and reaches the strong pivot reverse point at $0.0045. A drop below the major S/R pivot point at $0.0030 will invalidate the bullish forecast.
Stellar price technical analysis
The Stellar Lumens price has jumped this week as the stablecoin market cap continues rising. XLM token bottomed at $0.2175, its lowest swing in April and June this year.
It formed a double-bottom pattern whose neckline at $0.3331. The coin has moved above the descending trendline that connects the highest swings since February 2. XLM price moved above the 50-day Exponential Moving Average.
The Relative Strength Index and the Stochastic Oscillator have continued rising this year. Therefore, the token will continue to rise as bulls target the next key resistance level at $0.3331, the neckline of the double bottom.
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