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📈 Price Predictions

BSV, TRX, ADA, QTUM, BAT, Vechain Price Predictions — Can Altcoins Show Strength Against the Falling Bitcoin?

  • Denys Serhiichuk
    📈 Price Predictions

    There is no need to wait for BTC’s growth if there are altcoins which give good profit. Can it show a profit in the long-term scenario?


BSV, TRX, ADA, QTUM, BAT, Vechain Price Predictions — Can Altcoins Show Strength Against the Falling Bitcoin?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

While the rate of Bitcoin and other top coins remains almost unchanged, the quotes of other altcoins are more fluctuated.  Almost all digital assets out of the top 10 are growing against BTC, except for Bitcoin SV, whose rate has declined by around 1% over the last 24 hours.

Top 10 cryptocurrency rates against BTC by CoinMarketCap
Top 10 cryptocurrency rates against BTC by CoinMarketCap

The technical picture of altcoins is looking the following way.

BSV/BTC

Even though the price of Bitcoin has dropped by 1% over the day, its rate has increased by around 65% since mid July.

BSV/BTC chart by TradingView

On the 4H chart, BSV has got out from the bearish wave and now it moving toward the closest resistance at 0.018 BTC. The increasing trading volume confirms the upcoming bullish movement. However, this scenario will come true only if the falling MACD switched to bullish.

The price of BSV is trading at 0.0164 BTC at the time of writing.

TRX/BTC

Tron’s rate has almost unchanged since yesterday, its price has increased by 0.5% over the past day.

TRX/BTC chart by TradingView

TRX has been declining since the beginning of 2019 with slight bouncebacks. The current position is not an exception from the rule. In this regard, the coin is going to touch the level of 260 Satoshi with a further drop to 200 Satoshi. The decreasing trading volume supports our bearish scenario.

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The price of TRX is trading near 0.00000233 BTC at the time of writing.

ADA/BTC

Cardano has been declining from the beginning of January until the first days of July. Then the trend has been changed from bearish to neutral.

ADA/BTC chart by TradingView

Despite the low trading volume, ADA is not going to go below from its current level. The rate is likely to locate within the yellow corridor between the range of 520 Satoshi and 635 Satoshi. The rising MACD indicator confirms the absence of further price drops.

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The price of ADA is trading near 0.00000621 BTC at the time of writing.

QTUM/BTC

Although QTUM has increased by around 6% over the last 7 days, its long-term picture remains bearish.

QTUM/BTC chart by TradingView

On the 4H chart, QTUM has been trading sideways since July 11 with slight price fluctuations. Concerning the nearest price forecast, the rate is likely to increase and reach 0.000335 BTC, followed by a further decline to 0.0003 BTC.

At the time of writing QTUM price is trading at 0.00031 BTC.

BAT/BTC

Our earlier BAT price prediction is coming true, as it is approaching the level of 2500 Satoshi.

BAT/BTC chart by TradingView

Analyzing the chart, BAT is likely to go up which is confirmed by the increasing RSI indicator. The rate might reach the resistance at 2800 Satoshi. So, if it happens, the trend will be changed from bearish to bullish.

The price of BAT is trading at 0.00002441 BTC at the time of writing.

VET/BTC

Vechain has been trading in an uptrend since July 15. However, the coin has not got out from the bearish mood yet

VET/BTC chart by TradingView

On the 4H chart, VET is located on the verge of the overbought area of the RSI indicator, suggesting the upcoming price decline. The low trading volume also confirms the drop, which likely occurs to the nearest support at 55 satoshi.

The price of VET is trading near 0.00000061 BTC at the time of writing.

Cover image via 123rf.com
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About the author

Being a passionate blockchain enthusiast Denys has a vast experience in сryptocurrency market analysis, as well as blockchain related projects. All this is backed up by his working at W12 platform, Platinum Listing & ICO Advisory company, Export.Online and many others.

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