By The crypto market crash accelerated on Friday morning as Bitcoin settled below the support at $107,000. Most altcoins were in the red, with the total market cap of all cryptocurrencies falling to $3.5 trillion. This article looks at some of the top coins and their forecasts.
Zebec Network price analysis
The Zebec Network price had a strong performance this month as it jumped from $0.00071 earlier this month to $0.0071, a 1,000% surge that brought its market cap to over $500 million.
The ZBCN token price has jumped this month because of its recent partnership with Uphold, a top player in the crypto industry. It accelerated on Thursday after the company acquired Science Card, a UK fintech company with over 50,000 users.
@Zebec_HQ acquires @ScienceCardUK – we’re adding real-world impact to ZEBEC’s amazing payroll and crypto infrastructure. Together, we will offer prepaid cards to the top UK universities to streamline campus spending, research grants, and budgeting.
The acquisition will enhance its growing fintech ecosystem, which already includes payment cards and payroll processing. These features have pushed some analysts to compare Zebec to Ripple Labs.
The daily chart shows that the ZBCN price has been in a strong bullish trend after bottoming at $0.00071. It has flipped the important resistance level at $0.00214, the upper side of the black cup-and-handle pattern shown in black.
The Zebec Network price has remained above the 50-day moving averages, while the Average Directional Index (ADX) has jumped to 57, a sign that the trend is strengthening. The Relative Strength Index (RSI) has jumped above 80.
Therefore, the ZBCN price will likely have a mean reversion as investors take profit. The target will be at $0.002143.
Popcat price technical analysis
The eight-hour chart shows that the Popcat token has been under pressure in the past few days, falling from $0.6395 earlier this month to $0.3972, its lowest point since May 6.
Popcat token formed a double-top pattern, and has now moved below the neckline at $0.4134. A double-top is one of the riskiest patterns in technical analysis.
The token has moved slightly below the 50-period moving average, while the RSI and the ADX have continued moving downwards. It has also dropped to the 50% Fibonacci Retracement level.
Therefore, the Popcat price will likely continue falling as sellers target the 61.8% retracement level at $0.3175. A move above that resistance at $0.50 will invalidate the bearish sign.
Worldcoin price prediction
Worldcoin price has rebounded in the past few weeks, moving from a low of $0.5691 in April to $1.6260 on May 22. This rally mirrored the performance of the crypto market and was because the company raised $135 million from investors.It has formed an ascending channel and is now along the lower side.
Worldcoin price has moved above the 50-day and 100-day Exponential Moving Averages, and the two are about to cross each other.
Therefore, the most likely scenario is where the Worldcoin price bounces back, and possibly retests the resistance at $1.6260. A move below the two moving averages will point to more downside, potentially to the support at $1.
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