Cryptocurrency prices are waiting for the Bitcoin halving event scheduled for later this month. Bitcoin is nearing the confluence of the triangle pattern, meaning that it could have a bullish or bearish breakout. This article looks at some of the top cryptocurrencies like NEO, Toncoin, and Theta Network.
NEO price forecast
NEO token price has made a strong bullish breakout in the past few days. It jumped above the crucial resistance point at $19.31, its highest swing on March 4th. This price was also its highest swing this year.
NEO price has jumped above the crucial resistance point at $16.92, the highest point on March 29th. It has also moved above the 50-day and 25-day Weighted Moving Averages (WMA).
The Relative Strength Index (RSI) and the Stochastic Oscillator have all pointed upwards. Therefore, I suspect that the token will retest the important support at $19.31 and then resume the bullish trend.
However, a break below this support level will signal that bears have prevailed, which could push it to $16.92. A move above the crucial resistance at $22.40 will point to more gains in the near term.
Read more: How to buy NEO.
Toncoin price prediction
Toncoin token price has been in a strong bullish run in the past few months as it continued to defy gravity. TON token surged to a high of $6.50, which was much higher than last year’s low of $0.98.
Toncoin token has moved above the important resistance level at $5.70, its highest level on March 25th. It has remained constantly above the 50-day and 100-day Weighted Moving Averages (WMA).
The Relative Strength Index (RSI) and the Stochastic Oscillator have all pointed upwards and moved to the overbought level.
Therefore, the outlook for the coin is extremely bullish, with the next point to watch being at $7. A move below the support at $5.70 will invalidate the bullish outlook.
Theta Network price forecast
Theta Network token price has bounced back in the past few days. This rebound happened when the token dropped to a low of $2.4537, its lowest point on March 20th. This is a sign that it has formed a double-bottom pattern. Theta has moved above the 50-day and 100-week moving averages.
At the same time, the Relative Strength Index (RSI) and the Stochastic Oscillator have all drifted upwards. Therefore, because of the double-top pattern, there is a likelihood that the Theta token will continue rising in the near term.
However, bulls will need to move above the descending trendline shown in green for this to happen. If it happens, the next point to watch will be the psychological point at $3.50. A break below the support at $2.45 will point to more downside.
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