- Cryptocurrency analyst Aaryamann Shrivastava predicts that BANANA could make its way to $65.
- Analyst Abiodun Oladokun discusses the potential for a rally in IMX.
- Manish Chhetri signals that BOME is gearing up for a 20% rally.
Analysts Predict Rally for Three Altcoins: Key Targets Identified
BANANA Price Prediction: Altcoin Maintains Strong Support
Banana Gun (BANANA) has seen its price drop by 21% over the past two weeks, falling from $72 to $56. Despite this decline, the crypto has managed to sustain itself above the critical support level of $55 in the last two days. This level had repeatedly been tested as resistance throughout June and July and is now acting as support. Should accumulation commence in the coming days, this support level could push BANANA back up to the psychological resistance of $65.
IMX Price Prediction: Liquidity Inflow Confirms Continued Rally
Data from Immutable’s (IMX) daily price movements indicates that it has a high probability of breaking through its near-term resistance level. The token’s rising Chaikin Money Flow (CMF) shows a stable inflow of liquidity necessary for a price increase. Currently, the CMF for IMX stands at 0.11 and had crossed above the zero line on July 21 for the first time since May 7. This indicator measures the money flow into and out of an asset and a move above the zero line is typically a bullish signal. If buying pressure remains, IMX’s price is likely to rise to $1.77.
BOME Price Prediction: Altcoin Set for a Rally
Book of Meme (BOME) recently tested its daily support at $0.00791 and aligned with a rising trendline last Friday. Over the next three days, it saw an increase of approximately 19%. As of Tuesday, BOME was challenging its previous daily resistance level of $0.0108, with its current price at $0.0110 marking a 9.2% daily gain. If BOME closes above the $0.0108 resistance, it is poised to test its weekly resistance at $0.0130, an increase of 20%. The Relative Strength Index (RSI) and Awesome Oscillator (AO) indicators are trading above their neutral levels of 50 and zero respectively, indicating strong market momentum.
Conclusion
The analyses from various experts suggest potential rallies for BANANA, IMX, and BOME. These tokens have shown promising indicators, but a loss of key support levels could invalidate these bullish predictions. Investors are encouraged to conduct their own research before making any investment decisions.
