{"id":7945,"date":"2022-02-15T03:30:13","date_gmt":"2022-02-15T03:30:13","guid":{"rendered":"http:\/\/egrowonline.com\/?p=7945"},"modified":"2022-02-15T03:30:13","modified_gmt":"2022-02-15T03:30:13","slug":"these-two-altcoins-are-ready-for-major-pullback-says-crypto-analyst","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=7945","title":{"rendered":"These Two Altcoins Are Ready For Major Pullback, Says Crypto Analyst"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"p2\">Altcoins have been closely following the movement of bitcoin over the last few weeks but this is no surprise. However, there are times when these altcoins are able to break out of the shadow of the pioneer cryptocurrency and make out a rally for themselves. This is referred to as altcoin season. But while the crypto market waits for this to begin, an analyst has <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/2022\/02\/13\/xrp-and-one-low-cap-altcoin-gearing-up-for-rallies-as-bitcoin-btc-pulls-back-top-crypto-analyst\/\" rel=\"noopener\">mapped out two assets that may see major upside in the coming days<\/a>.<\/p>\n<h2 class=\"p2\">Two Altcoins Are Ready<\/h2>\n<p class=\"p2\">A crypto market strategist has put forward two altcoins that they believe are headed for a rally. <a target=\"_blank\" href=\"https:\/\/twitter.com\/CredibleCrypto\" rel=\"noopener\">Credible<\/a>, a pseudonymous analyst with over 300K followers on Twitter, laid out their analysis for the digital assets. These assets are Ripple (XRP) and Hedera Hashgraph (HBAR), a DeFi token that has been making the rounds in the space.<\/p>\n<p style=\"text-align: center\"><em><strong>Relaed Reading |\u00a0<a target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/news\/binance-coin\/maximize-your-crypto-holdings-with-high-yield-farming-on-bnb100x\/\" rel=\"noopener\">Maximize Your Crypto Holdings With High Yield Farming On BNB100X<\/a><\/strong><\/em><\/p>\n<p class=\"p2\">Ripple (XRP) is just coming out of its legal battle with the SEC, and although it is still ongoing, the altcoin has begun to find its footing outside of the scandal. It trended low for the longest time, causing investors to believe that the cryptocurrency may be headed for death. But it has proved everyone wrong as it has once again begun to rally towards $1, even though it hasn\u2019t quite made it yet.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium\" src=\"https:\/\/www.tradingview.com\/x\/LBJsySyR\/\" alt=\"Ripple (XMR) price chart from TradingView.com\" width=\"1345\" height=\"686\" \/><\/p>\n<pre style=\"text-align: center\">XRP recovers to $0.8 | Source: <a target=\"_blank\" href=\"https:\/\/www.tradingview.com\" rel=\"noopener\">XRPUSD on TradingView.com<\/a><\/pre>\n<p class=\"p2\">For what will push the digital asset above the coveted $1 mark, Credible explains that a bounce is imminent once the cryptocurrency forms the expected bottom. At which point, it will continue upward to $1.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-483670 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-XRP-460x232.jpeg\" alt=\"XRP chart\" width=\"460\" height=\"232\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-XRP-460x232.jpeg 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-XRP-860x434.jpeg 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-XRP-768x387.jpeg 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-XRP-1536x774.jpeg 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-XRP-2048x1033.jpeg 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-XRP-750x378.jpeg 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-XRP-1140x575.jpeg 1140w\" \/><\/p>\n<pre style=\"text-align: center\">XRP getting ready for bounce | Source: <a target=\"_blank\" href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/1492339708223016961?s=20&amp;t=YL95-p0B0_5PepwFWD2dDw\" rel=\"noopener\">Twitter<\/a><\/pre>\n<p class=\"p2\">\u201cWe are now right in my area of interest,\u201d Credible said. \u201cMight head a few cents lower than where we are now but as per my last tweet, I expect we form a bottom\/higher low in this region and continue up. XRP.\u201d<\/p>\n<p style=\"text-align: center\"><em><strong>Relaed Reading |\u00a0<a target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/intel-announces-mining-chips-first-clients-block-argo-blockchain-and-griid\/\" rel=\"noopener\">Intel Announces Mining Chips\u2019 First Clients: BLOCK, Argo Blockchain, and GRIID<\/a><\/strong><\/em><\/p>\n<p class=\"p2\">For the second altcoin, HBAR, a similar bullish outlook is shared by the analyst. Pointing to the recent pullback experienced by the digital asset, they explained that the asset will need to reclaim the region marked in the chart in order to finally confirm a bottom. Furthermore, Credible said that they \u201cwould like to see us hold the $0.22-$0.23 region and then make another attempt at reclaiming the weekly supply.\u201d<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-483669 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-HBAR-460x232.jpeg\" alt=\"HBAR chart\" width=\"460\" height=\"232\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-HBAR-460x232.jpeg 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-HBAR-860x434.jpeg 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-HBAR-768x387.jpeg 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-HBAR-1536x774.jpeg 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-HBAR-2048x1033.jpeg 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-HBAR-750x378.jpeg 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/02\/Credible-HBAR-1140x575.jpeg 1140w\" \/><\/p>\n<pre style=\"text-align: center\">HBAR trending at bottom point | Source: <a target=\"_blank\" href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/1492270890989539328?s=20&amp;t=YL95-p0B0_5PepwFWD2dDw\" rel=\"noopener\">Twitter<\/a><\/pre>\n<p class=\"p2\">XRP is still trending around $0.7, not showing much momentum but pointing towards the fact that the bottom may have been reached. If this is the case, then Credibe\u2019s plan for a bounce towards $1 could have some merit.<\/p>\n<p class=\"p2\">As for HBAR, it is still trending low at $0.22, around the daily support proposed by Credible. This could serve as a bounce point for upward movement but if it does break below this point, then the downtrend may yet continue.<\/p>\n<pre style=\"text-align: center\">Featured image from Investopedia, chart from TradingView.com<\/pre>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/xrp\/these-two-altcoins-are-ready-for-major-pullback-says-crypto-analyst\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Altcoins have been closely following the movement of bitcoin over the last few weeks but this is no surprise. However, there are times when these altcoins are able to break out of the shadow of the pioneer cryptocurrency and make out a rally for themselves. This is referred to as altcoin season. But while the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7946,"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":[42],"tags":[200,646,62,650,137,379],"class_list":["post-7945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-analyst","tag-crypto","tag-major","tag-pullback","tag-ready"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/bull-.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7945","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=7945"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7945\/revisions"}],"predecessor-version":[{"id":7947,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7945\/revisions\/7947"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/7946"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7945"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}