Crypto prices remained in a tight range on Thursday as Bitcoin struggled to move above the key resistance level at $105,000. Most altcoins retreated, with meme coins falling by double digits. This article forecasts some of the most active cryptocurrencies like Fartcoin, Livepeer, Grass, and Dego Finance.
Fartcoin price prediction
Fartcoin, one of the most popular Solana meme coins, surged by over 400% a few months ago. It moved from a low of $0.2097 to a high of $1.6520 in May. This surge helped to stimulate the recent surge among Solana meme coins.
The momentum has faded in the past few days as the Fartcoin price has plunged by over 45% and moved below the psychological point at $1. It has crashed below the 50-period Exponential Moving Average (EMA).
Further, the Relative Strength Index (RSI) has continued falling and is nearing the oversold level. Also, the MACD has crossed the zero line and is in a strong downtrend, a sign that it has lost momentum.
Worse, Fartcoin price has moved below the 61.8% Fibonacci Retracement level at $1.0530. Therefore, the path of the least resistance for the coin is bearish, with the next point to watch being the 78.6% retracement point at $0.5970. A move above the resistance level at $1.3545 will invalidate the bullish view.
Livepeer price analysis
Livepeer is a top crypto project in the artificial intelligence and video space. It runs a decentralized platform that enables people to share their bandwidth, which is used for video streamers.
The developers also launched Daydream, a generative AI platform that turns live camera input into animated visuals. It is a useful tool used by marketers, creators, and other stakeholders.
Livepeer price surged last week, reaching a high of $14.23, the highest point since January 18 of this year. Its highest point was up by 330% from its lowest point this year.
LPT price then pulled back to a low of $7.58 as the rally lost momentum. On the positive side, it has moved above the 50-day Exponential Moving Average, and has formed a rounded bottom pattern.
Therefore, the token will likely have a bullish breakout as bulls target last year’s high of $14.23. If this happens, it will form a double-top pattern, a highly bearish sign that will mark the end of the recent rally. A move above the double-top point will signal more gains.
Read more: XRP price prediction: Here’s why Ripple Coin May Rally Soon
Grass price technical analysis
Grass is a top utility and AI cryptocurrency that has gained more traction in the past few weeks. The 12-hour chart shows that the Grass price was trading at $1.9490, up by 43% from the lowest point in May.
Grass price has formed a rising broadening wedge pattern, a popular bullish sign in the market. This pattern is also known as a giant megaphone pattern and it often leads to more gains over time.
Therefore, the Grass crypto price will likely resume the downtrend soon since it remains below the 50-period and 25-period moving average. A drop below the key support at $1.6457 will point to more downside.
Dego Finance price forecast
The 12-hour chart shows that the DEGO price has plunged this week. It has moved from a high of $2.888 to a low of $1.2430, its lowest point on record. This 50% plunge mirrored the performance of Mantra, a token that plunged by over 90% in 24 hours.
The ongoing DEGO price crash happened likely as insiders dumped their tokens after it jumped by over 115% in the past few months. DEGO price has crashed below all moving averages.
The most likely scenario is where it continues plunging as investors remain in the sidelines. However, there is a likelihood that it may have a dead cat bounce, where it rebounds and then resumes the downtrend.
Read more: Shiba Inu price prediction: the plot thickens for SHIB
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