រូបិយប័ណ្ណ Cryptocurrencies កំពូលទាំង 3 ដែលត្រូវទិញមុនដំណាច់ខែឧសភា

The crypto market is suffering in deep uncertainty as major cryptocurrencies like Bitcoin and Ethereum have remained flattish over the past two weeks. As a result, the broader market sentiment shows no clear indication of dominance from either party and decreases conviction on new trades. However, in this article, we have picked the top large-cap cryptocurrencies which hold their long-term bullish potential amid the volatile market.

Also Read: Peter Schiff Shocks Crypto Community With Bitcoin NFT Announcement

Binance Coin (BNB) 

ប្រភព - ទិដ្ឋភាពទូទៅនៃការធ្វើពាណិជ្ជកម្ម 

On May 24th, the Binance coin price gave a breakdown from a support trendline that has carried a bullish rally for the past five months. With the growing indecisiveness in the market, the coin price is still wavering below the breached trendline testing it as a potential resistance. 

If the prices show sustainability below the flipped support, the sellers will drag the altcoin’s market value nearly 15% down to hit the long-term support trendline of a symmetrical triangle pattern.

This chart setup governs the ongoing sideways trend in Binance coin and can provide a strong pullback opportunity upon the retest for this support trendline. Having said that, the coin holders will obtain a strong confirmation for a sustained bull run once the price pierces the triangle pattern on the upside.

Xrp(XRP)

ប្រភព - ទិដ្ឋភាពទូទៅនៃការធ្វើពាណិជ្ជកម្ម 

The XRP price spent nearly two months in a correction phase with two downsloping trendlines wobbled. The daily chart projected these trendlines as the formation of a parallel channel pattern. 

On May 26th, the coin price gave a decisive breakout from the pattern’s resistance trendline with notable volume indicating the buyers’ attempt to regain trend control. Today, the 0.88% price jump shows a suitable follow on the bullish breakout.

With sustained buying, the XRP price is likely to rise 24% and hit the swing top of $0.583.

Cardano (ADA)

ប្រភព - ទិដ្ឋភាពទូទៅនៃការធ្វើពាណិជ្ជកម្ម 

On May 25th, the ADA price shows a breakdown from a long-coming support trendline of a rising channel pattern. This breakdown could have triggered a massive correction in this coin and tumbled the prices below $0.3 support.

However, the sellers failed to sustain the breakdown which resulted in the ADA price rising back above the trendline. This fake breakdown/bear trap adds more conviction to the coin holders with the pressure of demand pressure at his support.

Thus, the Cardano coin at $0.36 is likely to rise higher and breach the immediate resistance of $0.38. This breakout may trigger a new bull cycle within the pattern and drive the prices to the $0.5 mark.