Cryptocurrency prices were mixed, with key coins like Bitcoin moving sideways.
Meme coins like Pepe and Floki Inu surged after their Binance listing.
Cryptocurrencies were relatively mixed this week as Bitcoin remained stubbornly below $30,000 and Ethereum below $2,000. Meme coins like Pepe and Floki Inu soared after being listed in Binance while Sui jumped and then dumped. This crypto price prediction will look at Tron, Optimism, and Stacks.
Tron price prediction
Tron price has been in a strong bullish trend in the past few days. It jumped to a high of $0.070, the highest point since February. On the four-hour chart, the coin has jumped above the 25-day and 50-day moving averages. It also moved above the important resistance point on $0.069, the highest point in March.
Therefore, it seems like the coin will continue rising in the coming days as buyers target the next key resistance point at $0.073, the highest level on February 20. This price is about 3.50% above the current level. A drop below the key support at $0.7070 will invalidate the bullish view.
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Optimism price prediction
Optimism is one of the biggest layer-2 networks in the blockchain industry. It competes with other well-known blockchains like Arbitrum and Polygon. OP price has been in a steep sell-off this week as it dropped below the key support at $2.07, which was the lower side of the descending triangle pattern. It has also formed a head and shoulders pattern.
Optimism also remains below the 25-day and 50-day exponential moving averages and the support at $2, the lowest point on March 27. Therefore, it seems like bears have the momentum, which could see it crash to the next support at $1.80. The stop-loss of this trade is at $2.20.
Stacks price prediction
Stacks is a leading blockchain project that seeks to create a Bitcoin layer for smart contracts. It solves an important challenge in that Bitcoin does not have smart contract capabilities. As such, developers can build applications that take advantage of Bitcoin to handle transactions.
Stacks surged earlier this year after the launch of Bitcoin Ordinals. It jumped to a high of $1.314 and has now erased most of those gains to trade at $0.72. The coin remains below the 50-day moving average and the key support point at $0.78.
The coin is slightly above the key support point at $0.6720. Therefore, the path of the least resistance for STX price is downwards, with the next key level to watch being at $0.60.
How to buy Stacks
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