The crypto market came back to life as Bitcoin and Ethereum prices surged. Ethereum soared by over 25% in the last 24 hours, while Bitcoin rose to $104,000 for the first time in months. Other top-performing cryptocurrencies were Brett, Uniswap, and Ethena. This article provides a forecast for Pepe Coin, Shiba Inu, and Cardano.
Pepe Coin price prediction
Pepe Coin was one of the best-performing cryptocurrencies on Friday as it jumped to $0.000014, its highest level since February 1. It has jumped by over 153% from its lowest level in March, making ot one of the top-gainers.
This recovery happened after the coin formed an inverse head-and-shoulders pattern, a popular bullish reversal sign. It also formed what looks like a double-bottom pattern at $0.0000057.
Pepe Coin has jumped above the neckline at $0.0000092 and is nearing th 61.8% Fibonacci Retracement level at $0.000014385. It also jumped above the 200-day Exponential Moving Average (EMA), a sign that bulls are now back.
Therefore, the coin will likely keep rising as bulls target the next key resistance level at $0.00001700, the 50% Fibonacci Retracement point. A break above that level will point to more gains, potentially to the all-time high of $0.000028.
Read more: Pepe coin price prediction: 3 reasons this meme coin will surge
Shiba Inu price analysis
Shiba Inu coin price surged on Friday as Ethereum coin went parabolic. It moved to a high of $0.000015, up from a low of $0.00001042 earlier this month.
SHIB price found a strong support at that level, which coincided with the ascending trendline that connects the lowest swings since July 2023.
Most importantly, it has formed the popular harmonic pattern known as the XABCD, which often leads to more gains. The XA section happened between March and August last year, while the AB happened through November.
Further, the BC section happened until April, and is now starting the steep climb back yo to the CD section. Therefore, the long-term outlook for the coin is bullish, with the initial target being at $0.000033, the highest swing in November last year. A move above that level will point to more upside to $0.00004588, which is up by 210% above the current level.
Read more: Shiba Inu price prediction: mapping out potential SHIB scenarios
Cardano price prediction
The daily chart reveals that the ADA price bottomed at $0.515, where it formed a double-bottom pattern with a neckline at $1.173, its highest level in March. A double-bottom is one of the most bullish patterns in the market.
Cardano has moved above the 50-day and 200-day Exponential Moving Averages (EMA), and the upper side of the small bullish flag pattern at $0.74. It also formed an inverse head and shoulders chart pattern.
Therefore, the coin will likely continue rising in the coming days, with the next point to watch being the psychological point at $1, which is about 30% above the current level. A drop below the support at $0.65 will invalidate the bullish outlook.
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