The encryption prices were bounced on Friday, as investors returned to risky assets, amid high recession risk. Bitcoin moved to $ 84,000, while the market value of all cryptocurrencies jumped to more than $ 2.85 trillion. This article is looking at some of the best cryptocurrencies such as Layerzero (ZRO), iost (iost) and Pi Network (PI).
Layer prices analysis
Layerzero is a famous encryption player that enables applications to transfer data via Blockchains. It is used by popular players in the encryption industry such as BALANCER, AAVE, Ethena, Pancakeswap and Radiant.
The daily graph shows that the price of ZRO reached its climax at $ 7.56 in December, then it reached $ 1.52 this week. It has risen now and moved over the upper side of the falling spoil style. The falling wedge consists of two scattered and close trend lines. In most cases, this style leads to a strong upward outbreak.
The RSI has moved over the descending trend line that connects the highest fluctuations since December 6. Other fluctuations such as MACD and random fluctuations also indicated to the top.
Therefore, the price of Layerzero is likely to rise as the next main resistance bulls target $ 4.50, a 50 % Fibonacci tradition level. This opinion will be valid if it rises above the main resistance point at $ 2.5, which is its lowest level in June last year. The transition to this level will be 100 % more than the current level. The decrease under support at $ 1.52 will nullify the bullish supply.
IOST price expectations
The iOST price has achieved well in the past few days, as it has risen from $ 0.0040 to $ 0.0050. This recovery occurred when the developers launched the IOST 3.0 upgrade.
Iost v3 foot New features, including the Layer 2 network that has the distinctive code of assets in the real world (RWA) and liquidity engine. The goal is to provide a conversion without friction between the traditional assets and its digital counterparts.
The daily graph shows that the iOST price reaches its grave at $ 0.00388, which is a noticeable level because it was the slightest swing in 2024. There are signs that the symbol has formed a double -bottom pattern that the neckline is at $ 0.01200. Double bottom is one of the most popular signs of oud.
The RSI (RSI) and other vibrations indicated the top. Also, the momentum index was drifted up.
The iOST price faces risks known as buying rumors and selling news. This is the position in which the origin is escalating before a big event and then retreats when that happens. In this case, a declining collapse will be confirmed if the price decreases below subsidies at $ 0.0038.
PI network price analysis
The price of the PI network has been under pressure in the past few days, even with a PI day event. PI Day is an annual event that celebrates the 3.14 sporting firm. The expectation was that the price of the PI network would refresh during the event.
The hourly graph shows that the price of Coin PI has formed a head pattern and shoulder, which is a common landmark. I moved to the neckline for this style. It also recently formed a rising wedge style.
Therefore, there is a risk that the price of the PI network will soon be a declining collapse in the coming days as the risk of mitigation continues. If this happens, the next point to watch will be $ 1. The decline to one dollar will risk the move down, with the next point to see $ 0.50.
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