The crypto market came under pressure after Donald Trump signed the 50% tariff on steel and aluminium, putting major trade relations at risk. While some tokens like Quant (QNT) and Sky jumped, others were in a deep red. This article forecasts some of the top crypto tokens like Quant, Magic Eden (ME), and Popcat.
Quant price prediction
Quant is a top crypto project whose goal is to help banks and other large institutions in areas like stablecoins and CBDCs. Its main product is known as Overledger, a protocol that enables communication among chains.
Quant price has jumped in the past few days as investors cheer its partnership with Oracle and the European Central Bank (ECB). It jumped from a low of $59.25 in April to a high of $119.67.
Quant token has moved above the 50-day and 200-day moving averages, which have formed a golden cross. It also formed a cup-and-handle pattern, comprising of a rounded bottom and some consolidation.
Therefore, the token will likely bounce back soon, and possibly hit last year’s high of $171.57, which is about 47% above the current level.
The main Quant price target is $180, which is established by measuring the distance between the cup’s upper and lower side, and then the same distance from its upper side.
Read more: Quant price tops $100 as trading volume surges 280%
Popcat price analysis
Most Solana meme coins rose slightly this week and then found substantial resistance. Popcat price rose from last year’s low of $0.3300 to $0.4225 and then pulled back to the current $0.3770.
Before this, the token formed a double-top pattern at $0.5940, and a neckline at $0.4225. A double-top is one of the most bearish signs in technical analysis. It has already confirmed this bearishness by retesting it.
Popcat price has moved below the 50-day and 100-day Exponential Moving Averages, a sign that bears have prevailed.
Therefore, the most likely scenario is where Popcat price continues its downward trend and moved to the support at $0.300. A move above the resistance level at $0.5940 will invalidate the bullish outlook.
Magic Eden price technical analysis
The daily chart shows that the Magic Eden price peaked at $9.05 after its airdrop late last year. It then tumbled by over 90% to $0.70 as the crypto market tumbled and NFT sales retreated.
ME price has shown signs of bottoming recently. It formed a double-bottom pattern at $0.792 and a neckline at $1.197. A double-bottom often leads to a strong rebound over time.
The coin has also gone through a period of low volume, a sign that it may be in the accumulation phase of the Wyckoff Theory. This phase is then followed by markup, where a price normally goes parabolic.
Therefore, a volume-supported move above the resistance level at $1.197 will point to more gains, possibly to the 23.6% Fibonacci Retracement level at $2.690, up by 160% from the current level.
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