• Cryptocurrency investors have shifted their focus to altcoins.
• Tezos (XTZ), SingularityNET (AGIX) and Luna Classic (LUNC) are some of the most popular altcoins traders should watch out for.
• XTZ, AGIX, and LUNC are expected to make a bullish reversal in the coming week.
Altcoins Gaining Popularity
Cryptocurrency investors have seen a shift in sentiment towards altcoins, as opposed to Bitcoin. This shift is partly attributed to the growing understanding of altcoin’s diversity and future potential beyond Bitcoin’s dominance.
Altcoins To Watch Out For
Despite the ongoing market downturn affecting most cryptocurrency prices, Tezos‘ (XTZ), SingularityNET (AGIX) and Luna Classic (LUNC) have garnered significant attention this week which may send them to new highs soon.
Tezos Price Analysis
As of writing, Tezos token trades at $1.25 with a decline of 8%. Looking at the daily price chart, the Tezos token is currently on a downward trajectory and is aiming to test its support near EMA-100 at $1.1. However, as the RSI is still in a bullish region with a spike in buying pressure, the XTZ token may rebound next week and head toward the resistance of $1.75.
SingularityNET Price Analysis
As AI platform ChatGPT’s popularity is constantly rising, AI altcoins like AGIX have gained enough attention to break their upcoming resistance levels in the next week. AGIX is currently trading at $0.42, with a gain of 6.5% in the last 24 hours. On the 4-hour price chart, it has formed a triangle pattern with potential for breaking its 31.8% Fib level; if it breaks above $0.45 it may witness an exponential surge to its Bollinger band’s upper limit of $0