This morning, the cryptocurrency market has slightly recovered with Bitcoin gaining more than 1% and Ethereum gaining 0.82% over the last 24hrs. Along with Bitcoin and Ethereum, many altcoins to are showing a sight of recovery.
Zilliqa (ZIL) & Decentraland (MANA) Price To Witness A Massive Rally!
A popular Crypto strategist and trader TechDev predicts a massive rally for Decentraland (MANA) and Zilliqa (ZIL) as he expects Bitcoin to break out in a multi-month accumulation period.
The pseudonymous trader, informs his 380,100 Twitter followers that on a weekly chart, Decentraland, a virtual reality platform is one of the cleanest channels that is trading within a long ascending channel.
As per TechDev’s predictions through the chart, he expects a massive rally of 730% for Decentraland (MANA) in the coming months. At press time MANA Price has plunged by 2.64% in the last 24hrs and is trading at $2.65.
The next Cryptocurrency under analysts’ radar is Zilliqa (ZIL), a Blockchain for enterprise solutions. As per the crypto strategist, he believes ZIL Price to see a correction around $0.09 before rallying towards a massive upswing at $1.10.
“ZIL showing the way for the market in my opinion.”
It is seen that TechDev’s predictions are established based on Elliott Wave theory, a technical analysis approach predicting future price action which is followed by the psychology of market participants. TechDev’s chart predicts that Zilliqa is in the middle of its fifth and final waves.
Bitcoin (BTC) Price to Surge In Coming Days!
TechDev also talks about Bitcoin and believes BTC Price looks like it is following the footsteps of the May-July 2021 market structure. From May July 2021, the flagship currency had bottomed at the $30,000 level before igniting a massive rally towards $69,000. Hence, TechDev now asserts that Bitcoin’s move above $45,000 is a sign that Bitcoin is all set to see its next bull market.