- Cryptocurrencies jumped sharply as Bitcoin reached its highest point since June.
- Tron price dropped after Binance US delisted the coin.
- Internet Computer's price is expected to keep rising in the near term.
Cryptocurrencies have had a strong performance this week as Bitcoin surged above the key resistance point at $30,00. Ethereum remained stuck below $2,000 as investors waited for the Shapella upgrade. These coins did well even after Warren Buffett warned that cryptocurrencies were similar to casinos. Here is the coin price forecast for key coins like Tron, Internet Computer (ICP), and Aptos.
https://www.youtube.com/watch?v=vGVt8Y2ZdWI
Tron price prediction
Tron price made headlines this week after Binance US decided to delist the coin because of the ongoing regulatory scrutiny on Justin Sun. It is still unclear whether more American exchanges will follow suit and delist the coin.
TRX price has been in a bullish trend in the past few months as it jumped by more than 37% from the lowest level this year. It reached a high of $0.073 in March and is now trading at $0.065. The coin is consolidating at the 50-day and moving average while the volume has declined.
I believe that the Binance US delisting will not have a major impact on the coin since the company has a small market share in the country. Therefore, we can’t rule out a situation where the coin bounces back in the coming days if Bitcoin manages to hold above $30,000.
However, I believe that Tron will underperform other popular cryptocurrencies like Bitcoin and Ethereum in the long term.
Read more: How to invest in Tron.
ICP price prediction
The 4H chart shows that Internet Computer price has been in a slow upward trend in the past few days. This rally saw it jump above the key resistance level at $5.32, the highest point on March 31st. The coin has jumped above the 50-period moving average while the volume has continued rising.
Further, Internet Computer price has moved to the 23.6% Fibonacci Retracement level. Therefore, the outlook of the ICP token is bullish, with the initial target level being at $5.82, the highest point in March this year. A cross above that level will see it rise to the 50% retracement point at $6.50.
Aptos price prediction
Aptos price has been left behind in this week’s rally. The token dropped to a low of $11.35, which was lower than March high of $14.70. Data by Santiment shows that the volume of Aptos traded has been in a downward trend after peaking at over 2.6 billion in January. It now stands at 295 million. APT has also formed a triangle pattern that is shown in red.
Therefore, there is a likelihood that it will remain in this range for a while and then make a bullish breakout if Bitcoin manages to hold above $30,000.
