Bittime -The crypto market experienced a bullish trend last week. Although Bitcoin experienced a significant decline on March 18, the price recovered sharply the next day, lifting the entire crypto market.
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However, price increases are not evenly distributed among all altcoins. Some altcoins have even returned to last week's lows, while others have managed to maintain gains.
The three biggest gainers last week were ONDO, TON and ICP. ONDO led the way with gains of more than 80%, while TON and ICP posted gains of around 40%. Interestingly, there is no common thread connecting the 10 crypto assets with the biggest increases. TON and ICP are both layer-1 blockchains, while ONDO is the native token of a DAO, and the rest consists of Layer-2, memecoin, and AI-based tokens.
Can ONDO Reach $1?
Analysis from ccn.com shows that ONDO prices have increased rapidly since its launch on January 18. On March 25 , the token reached an all-time high of $0.98 . This increase represents an increase of almost 1,100% since launch.
Wave count analysis shows that ONDO may be in the fifth and final wave of its upward movement. Today's high made the fifth wave the exact same length as the combination of waves one and three, which is a common pattern for an extended fifth wave. After touching that point, ONDO price is rejected (red symbol).
However, there are no signs of weakening in the RSI or MACD indicators, so the price increase continues. So, if ONDO price closes above the $0.95 level on the daily timeframe, it could rise another 45% to $1.30 .Conversely, if it fails to close above the $0.95 level , the price could fall 30% to the nearest support at $0.63 .
TON Hits All-Time High Price
The next analysis from ccn.com is TON. Similar to ONDO, TON price hit an all-time high of $5.69 today. Wave count shows that TON is in the third of five waves of upward movement (black).
The sub-wave count is displayed in white, indicating that TON is in sub-wave three, which is often the most difficult part of an uptrend.
Wave three has extended significantly and is close to 2.61 times the length of wave one. Despite the potential for a short-term downside, TON will likely eventually reach its next target at $6.60 , or a 20% upside from its current price.
Both RSI and MACD support the continuation of the price increase. Even though they are overbought (too bought), both are still showing an uptrend.
ICP Breaks Long-Term Resistance
ICP price has risen sharply since breaking through the descending trend line resistance in December 2023. However, the increase stalled for more than three months at the $15 horizontal resistance area , which triggered some price rejection (red symbols).
The situation changed last week, when ICP managed to close the week beyond the resistance area. It should be noted that ICP has not yet reached a weekly close above this area to confirm a breakout. If the bullish trend continues, the next resistance is at $40, or 140% above the current price.
Positive Trend Could Continue This Week
Although both ONDO and TON reached all-time highs, ONDO's movement is currently approaching its Fibonacci resistance level, while TON has crossed its main Fibonacci resistance, indicating that TON has the potential to experience a bigger increase this week.
ICP also managed to break through the main resistance area and has the opportunity to continue its rise this week.
How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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