Cryptocurrencies were relatively mixed on Wednesday as investors awaited the next catalyst. Bitcoin remained above $70,000 as buyers look to retest the all-time high. Some of the other top performing cryptocurrencies were Mantle (MNT), Sui, Bitcoin Cash and SingularityNET (AGIX). This article provides a forecast for some of these coins, such as Bitcoin Cash, BitBot and Mantle.
Bitcoin Cash Price Forecast
price Bitcoin Cash (BCH) has been on a strong uptrend for the past few months. It rose as investors await the upcoming halving event, which will reduce the number of block rewards.
This rally gained momentum on Wednesday when it broke through the important resistance level at $529.8, the biggest swing since March 3.
The move above this price was an important move as it invalidated the double-top pattern that had formed recently. The chip moved to the fourth resistance of the Woodie pivot point.
It jumped above all moving averages while the Relative Strength Index (RSI) edged higher. Therefore, the outlook for the coin is extremely bullish, with the next point to watch being at $600.
Mantle Price Forecast
The price of the Mantle token continued to rise on Wednesday, becoming one of the best performing cryptocurrencies on the market. The token increased after the official $MNT lock period began, making it possible to unlock rewards.
Mantle price formed a divine candle as it rose to a high of $1.4890, the highest point on record. It also jumped above the second Woodie pivot point resistance. The coin also rose above the key resistance point at $1.10, the biggest move since March 11.
Mantle rose above its 50-day moving average, while the Relative Strength Index (RSI) moved above the neutral level. Therefore, the outlook for the MNT token is bullish, with the next point to watch being $1.50.
BitBot Analysis
Unlike Mantle and Bitcoin Cash, BitBot is in a pre-sale phase where it is growing in popularity. The developers have now raised over $1.5 million in the token sale, making it one of the most successful token sales ever.
BitBot is a company that aims to change the crypto trading industry by creating an AI trading bot that will be provided in Telegram. This is a major bot that will target over 900 million Telegram users worldwide.
In addition to its AI features, BitBot will have several unique features. It will have strong security features, advanced trading tools and built-in data tools. Most importantly, it will be more secure by having self-guarding features.
There are several reasons why the BitBot token will do well. First, it has advanced features of artificial intelligence. In most cases, AI-focused tokens such as SingularityNET, Fetch AI, and Ocean Protocol are on the rise.
Second, unlike other cryptocurrencies, it will have utility in the ecosystem. Some of these features will be revenue sharing and governance roles. Holders will also have exclusive access to the platform. You can buy BitBot token here.
