Crypto prices remained on edge on Friday as the market came to terms with Donald Trump’s trade war and its implications. Bitcoin bounced back above $84,000, while other popular tokens like Ethereum, Ripple, and Solana crawled back. This article looks at some of the top notable tokens, including DigiByte (DGB), Cosmos (ATOM), and Pi Network (PI).
DigiByte price prediction
DigiByte is a mid-cap cryptocurrency established in 2014 to offer faster and secure payments. Users love it for its significantly faster speeds and much lower transaction costs.
Additionally, the network runs DigiAssets that enable users to issue digital assets, tokens, and smart contracts.
The DigiByte token bounced back in the past few days as it defied gravity as other tokens crashed. It rose from a low of $0.0066 in January to a high of $0.011 today. It has jumped above the 50-day moving average and the ascending trendline that connects the lowest swings since November last year.
DGB’s MACD indicator has continued to rise and has now moved above the zero line. The Relative Strength Index (RSI) has moved above the zero line.
DigiByte token has formed what looks like a double-bottom pattern whose neckline is at its November. A move to that neckline would be a 103% from the current level.
Therefore, the path of the least resistance for the DigiByte price is bullish, with the next reference point to watch being at the psychological point at $0.015, which is about 37% above the current level. A drop below the ascending trendline will invalidate the bullish DigiByte price forecast.
Cosmos ATOM price analysis
The Cosmos ATOM token price bottomed about the key support at $3.617 this year, a sign that bears are afraid of shorting below it. ATOM was trading at $4.823 on Friday, up by 42% from the lowest level this year.
The token has formed an inverse head and shoulders pattern whose neckline is at about $5. An inverse H&S pattern is one of the most popular bullish reversal signs in the market.
The Relative Strength Index has moved above the neutral point at 50, while the MACD indicator has risen above the zero line. Also, ATOM token price has also formed a double-bottom pattern at $3.6, whose neckline is at $10.62.
Therefore, a combination of the double bottom and an inverse head and shoulders patterns, and the bullish divergence point to more gains in the coming weeks. A move above the neckline at $5 will point to more gains, potentially to the neckline at $10.6, up by 115% from the current level. A drop below the support point at $3.617 will invalidate the bullish outlook.
Pi Network price technical analysis
The Pi Network token price peaked at $3 shortly after its mainnet launch in February this year. Since then, the coin has crashed by 81% to the current level of $0.5575, its lowest level since February 20. It has moved below the 50-period moving average.
On the positive side, the token has formed a falling wedge pattern, a popular bullish reversal sign. This pattern comprises two descending and converging trendlines, which are now nearing their confluence level.
The Relative Strength Index has moved to the oversold level, while the MACD indicator has formed a bullish divergence pattern. Therefore, the coin will likely have a bullish breakout, with the next point to watch being at $1. A drop below the support at $0.4635 will invalidate the bullish outlook.
Read more: Is Pi Network (PI) headed for a new low after 26% plunge?
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