Curve DAO, Hedera, and JasmyCoin Set for Massive Gains
Bitcoin prices soared to new all-time highs this week, surpassing the long-awaited $100,000 mark, sending the altcoin market surging. The surge comes after a slight drop in the value of Bitcoin, leading investors to flock to altcoins. If Bitcoin’s price faces further corrections in the coming week, CRV, Hedera, and JasmyCoin could double in price.
Altcoin Seasonal Index surges above trendline
Analyzing the Altcoin Seasonal Index chart, the indicator has been surging over the past two weeks. The indicator currently sits at 86, indicating that the altcoin season has begun. A reading of 75 marks the beginning of the altcoin season.
If the value approaches 100, it would be further confirmation that altcoins are outperforming Bitcoin, suggesting that they may continue to do so.
Curve Dao (CRV) Price Analysis
The long shadow and tail on the CRV candlestick indicate selling pressure on price increases and buying interest on dips. After a strong rise, CRV price encountered resistance near $1.34. At the time of writing, CRV price is trading at $1.2, having surged over 1.1% in the past 24 hours.
If CRV price sustains at $1, the CRV/USDT pair may target highs of $1.6, which sellers may defend staunchly. A sharp decline from this level could lead bears to push the price down to $0.9, potentially establishing a trading range.
On the other hand, if buyers overcome the $1.6 resistance, the pair could surge to $2.5 and possibly extend to $3.5. However, if sellers manage to push the price below $0.9, they may regain control.
Ivy (HBAR) Price Analysis
HBAR price has experienced a pullback amid a strong uptrend, suggesting traders are taking profits near the $0.4 mark.
The current pullback finds support in the $0.27 and $0.32 range. The bulls will try to push the price towards $0.4 and they are expected to encounter significant resistance from sellers.
If the price declines and breaks above the $0.27 level, it could signal the beginning of a sharp correction. In this case, the HBAR/USDT pair could drop to the 200-day EMA of $0.17. After a sharp pullback, the market may enter a consolidation phase as buyers and sellers prepare for the next big move.
JasmyCoin (JASMY) Price Analysis
Although Jasmy Coin price developed bearish pressure below a direct Fibonacci channel, it is expected to recover as buying pressure intensified during the decline.
There is slight resistance at $0.06, but if this level is exceeded, the JASMY/USDT pair may climb towards the key resistance at $0.077, where sellers may compete fiercely for further gains.
The first sign of a weakening trend is when price breaks and closes below the EMA trendline. This means that the bulls are losing control, which could lead to a drop to $0.033.
