The crypto market held steady during the weekend as traders focused on the upcoming US inflation data, which will determine the next actions by the Federal Reserve. Bitcoin traded at $105,000, while Ethereum’s price moved to $2,500. This article looks at some of the top trending coins like Ravencoin, AB, and Keeta.
Ravencoin price analysis
Ravencoin is a proof-of-work cryptocurrency created as a hard fork of Bitcoin. Its main difference with Bitcoin is that it has a supply cap of 21 billion, while Bitcoin has 21 million.
RVN price surged recently after Upbit, the biggest South Korean exchange, listed it, giving it access to millions of customers. It moved to a high of $0.0257, the highest point since December last year, and then pulled back to $0.01570.
Ravencoin price remains slightly above the key resistance level at $0.01428, the highest swing on May 13. It has also jumped above the 50-day Exponential Moving Average (EMA), a sign that bulls remain in control.
Ravencoin token also remains above the 23.6% Fibonacci Retracement level, while the MACD is pointing upwards. Therefore, the coin will likely continue rising as bulls target the 38.2% retracement point at $0.01912. A drop below the support at $0.0142 will invalidate the bullish outlook.
Read more: Ravencoin (RVN) is pumping? Is it about Litecoin ETF speculation?
AB price forecast
AB is a blockchain project that offers a modular technology that supports fast and secure transactions, smart contract execution, and decentralized governance.
The AB token price has jumped recently following its listing on several exchanges like Binance, Bitget, and MEXC. It has also done well as on-chain data shows that its network is starting to gow, albeit from a low base.
AB has handled over 1.5 million blocks since inception and 29,792 transactions. It is handling about 2.6k transactions a day, while addresses have risen to 23,6111. However, its network utilization remains at 0.01%, meaning that it needs to supercharge its growth to justify its valuation.
The daily chart shows that the AB price bottomed at $0.004084 on May 26 and then bounced back to $0.01040. It has moved slightly above the key resistance level at $0.01. The highest point on May 28.
The Relative Strength Index and the MACD indicators have all pointed upwards. Therefore, technicals suggest that the AB token will continue rising as bulls target $0.015. However, AB is a thinly traded token, meaning that it may have extreme moves on some days.
Keeta price forecast
Keeta is a blockchain network that delivers over 10 million transactions per second. Its goal is to unify the blockchain industry by enabling users to move assets across multiple chains. It also lets users to create tokens that represent real-world assets.
The two-hour chart shows that the Keeta token price has done well in the past few days as it moved to a record high of $1.4920, up 262% from its lowest point this year.
Keeta token recently moved above the key resistance level at $1.2400, its highest point on June 3. Moving above that level invalidated the double-top pattern that was forming.
It has also retested that level, pointing to more gains, potentially to the psychological point at $2. A drop below the support at $1.2400 will invalidate the bullish Keeta price forecast.
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