Altcoins that Stand Strong, When Bitcoin Price Continues to be Shaky!

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The altcoins in the current uncertain conditions possess huge strength and surge notably, recovering from the recent losses in no time. While Bitcoin’s (BTC) price has slashed below $20,000, some of the altcoins like 0x (ZRX), Cosmos (ATOM), Shiba INU(SHIB), etc stand strong. 

Shiba INU (SHIB) Price Analysis

• The SHIB price heading strongly towards the apex of the huge descending triangle, it traded for the past 8 months

• The asset is trying its level best to break out of the consolidation and surges high slicing the upper resistance, but testing the lower support seems imminent

• Shiba INU is maintaining a significant bullish momentum in the short-term and hence may hover above $0.00001 by the Q2 close

• However, in the long-term, the price is expected to visit the lower bottom at $0.00000850 to $0.00000900 before bouncing back to $0.00001638

• The SHIB price is $0.00009986 with a jump of 2% compared to the previous day’s close.

Cosmos(ATOM) Price Analysis

• Like many, Cosmos (ATOM) price slashed hard since the beginning of 2022 and traded within a huge falling wedge

• The price is very close to the apex and hence a final pullback may drag the price close to $4 which may induce a catapult action to ignite a strong rebound

• With a flip, the ATOM price is expected to regain its 2-digit levels and achieve one of the important resistance at $12.4

• Woefully, the asset may close the Q2 trade on a bearish note but eventually rebound firmly with significant bullish momentum

• The Cosmos (ATOM) price is around $7.34 with a jump of 2.14% compared to the previous day’s close

0x (ZRX) Price Analysis

• The 0x price has been trading within a rising parallel channel for a long time and maintaining a strong uptrend

• The asset has also flipped from the middles ranges a couple of times and hence appears to be poised to retest the upper resistance again

• Therefore, the price may certainly not break out of the parallel consolidation but could trade within the channel until the market trend stabilises

• The 0x(ZRX) price is $0.3391 with a jump of 3.05% compared to the previous day’s close