{"id":12953,"date":"2022-04-06T09:24:43","date_gmt":"2022-04-06T09:24:43","guid":{"rendered":"https:\/\/egrowonline.com\/?p=12953"},"modified":"2022-04-06T09:24:43","modified_gmt":"2022-04-06T09:24:43","slug":"altcoins-at-discount-before-a-new-alt-season","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=12953","title":{"rendered":"Altcoins at discount before a new alt season"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Bitcoin price is likely to revisit $44,000 before making a move toward $50,000.<\/strong><\/li>\n<li><strong>Ethereum price slides below the 200-day SMA at $3,489 to reevaluate directional bias.<\/strong><\/li>\n<li><strong>Ripple price needs to collect liquidity below $0.77 before triggering a run-up to $1.<\/strong><\/li>\n<\/ul>\n<p><a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/bitcoin\" rel=\"noopener\">Bitcoin price<\/a> has sliced through the yearly, weekly, and monthly open as it undergoes a steep sell-off on March 5. This downswing is likely a precursor before BTC rallies to a significant level. Ethereum and Ripple have both declined and are reevaluating their strategy before moving higher.<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>Bitcoin price sets a launchpad<\/strong><\/h2>\n<p>Bitcoin price broke out of its tight consolidation and shattered through the yearly open at $46,198, it has currently set up an equal low at $44,221. The market makers are likely to push BTC below this level before triggering a bullish move.<\/p>\n<p>After the liquidity grab, investors can expect BTC to make a run at <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/bitcoin-price-may-not-hit-the-51-000-target-amidst-smart-money-influence-202204051807\" rel=\"noopener\">the $50,000 psychological level<\/a>. In a highly bullish case, Bitcoin price could even tag the $53,000 hurdle in an attempt to set a higher high.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/BTCPERP_2022-04-06_12-28-31-637848306410333300.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"BTC\/USD 1-day chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/BTCPERP_2022-04-06_12-28-31-637848306410333300.png\" style=\"width: 950px;height: 540px\" \/><\/a><\/p>\n<p><small>BTC\/USD 1-day chart<\/small><\/p>\n<p>While things are looking up for Bitcoin price, a daily <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\/candlestick-patterns\" rel=\"noopener\">candlestick<\/a> close below $44,580 will invalidate the bullish thesis. Such a development will open the possibility of retesting the $42,076 support level.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Bitcoin price is ready for a move to $53,000\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/SDoXvmT9a9M?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<h3 class=\"fxs_headline_medium\"><strong>Ethereum price struggles<\/strong><\/h3>\n<p>Ethereum price aimed for a retest of the low volume node at $3,703 after it broke above the 100-day and 50-day Simple Moving Averages (SMAs). However, the 200-day SMA at $3,489 stopped the uptrend despite a brief move above it.<\/p>\n<p>Due to the lack of momentum, the move above the 200-day SMA was unsuccessful, and the rejection led to a retracement. This move is likely to extend and retest the high volume node to the downside at $3,136, coinciding with the volume point of control, the most traded point and a key support and resistance level on the chart\u00a0<\/p>\n<p>A bounce off this barrier will be key in triggering a move to <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/ethereum-price-on-track-to-4-000-network-fee-has-dropped-90-since-november-2021-202204060652\" rel=\"noopener\">retest the $4,000 psychological level<\/a>.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ETHPERP_2022-04-06_12-28-41-637848306520471217.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"ETH\/USD 1-day chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ETHPERP_2022-04-06_12-28-41-637848306520471217.png\" style=\"width: 949px;height: 540px\" \/><\/a><\/p>\n<p><small>ETH\/USD 1-day chart<\/small><\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Ethereum price prepares to test $4,000\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/suAXet5ifj0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>On the other hand, if the big crypto decides to breach the $44,580 support level, the Ethereum price will follow suit. Such a development could see Ethereum price retrace to the $2,820 to $2,966 demand zone, a breakdown of which will create a lower low and invalidate the bullish thesis.<\/p>\n<h3 class=\"fxs_headline_medium\"><strong>Ripple price slows its momentum<\/strong><\/h3>\n<p>Ripple price broke the <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/xrp-price-in-trouble-as-200-million-tokens-are-injected-into-circulation-202204051526\" rel=\"noopener\">steady uptrend<\/a> that it has been in since its breakout from the bull pennant on March 11. The pullback, which was a result of BTC\u2019s flash crash, pushed the XRP price to create an equal low at $0.77.\u00a0<\/p>\n<p>Investors can expect market makers to temporarily push the remittance token below the said level to collect liquidity. Completing this liquidity run will be the signal that a new uptrend has begun. The resulting rally is likely to retest the $0.91 resistance barrier.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XRPUSD_2022-04-06_12-27-49-637848306598779510.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"XRP\/USD 1-day chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XRPUSD_2022-04-06_12-27-49-637848306598779510.png\" style=\"width: 949px;height: 540px\" \/><\/a><\/p>\n<p><small>XRP\/USD 1-day chart<\/small><\/p>\n<p>If the <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/ripple\" rel=\"noopener\">Ripple price<\/a> fails to hold above the $0.76 foothold, it will create a lower low and invalidate the bullish thesis. Such a move could trigger a further descent to $0.70, where buyers can attempt to restart the upswing.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"XRP Price Prediction: Ripple to revisit $1\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/5J8komjdPkA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/top-3-price-prediction-bitcoin-ethereum-ripple-altcoins-at-discount-before-a-new-alt-season-202204060833\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is likely to revisit $44,000 before making a move toward $50,000. Ethereum price slides below the 200-day SMA at $3,489 to reevaluate directional bias. Ripple price needs to collect liquidity below $0.77 before triggering a run-up to $1. Bitcoin price has sliced through the yearly, weekly, and monthly open as it undergoes a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[45],"tags":[1012,200,1829,391],"class_list":["post-12953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-alt","tag-altcoins","tag-discount","tag-season"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/bitcoins-33758372_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12953"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12953\/revisions"}],"predecessor-version":[{"id":12954,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12953\/revisions\/12954"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/5095"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12953"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}