Cryptocurrency Price Prediction Today Mar 17th: ImmutableX, Conflux, Stacks, and Fantom Token Surged 13-16% Amid Resumed Market Recovery
Cryptocurrency price prediction today Mar 17th: the crypto market is back on a recovery track raising the hope for a bull run, the market leader Bitcoin has also breached a 9-month-long resistance accentuating a possitive sentiment in the market. Here’s a list of coins among 100 cryptocurrencies showing the highest movement in the last 24 hours.
As of 8:28 am on Friday, the global cryptocurrency market capitalization witnessed a significant jump of 5.72% and surged to the $1.14 trillion mark. however, the total volume of the crypto market has plunged 8.17% where it is currently moving to 73.61%
ImmutableX(IMX)
Source- Tradingview
With a 20% intraday jump, the ImmutableX coin price gave a massive breakout from the $1.28 neckline resistance of the inverted head and shoulder pattern. This bullish breakout from a 10-month-long reversal pattern indicates a strong long-entry opportunity for traders.
If the coin price shows sustainability above $1.28, an ideal target from this pattern could be the $2.13 mark.
Stacks (STX)
Source- Tradingview
A V-shaped recovery from the $0.57 support indicates strong confidence from buyers to resume a bullish recovery. Today, the Stacks coin price shows an 18% jump and breaches the last swing high resistance of $1.04.
Currently, the coin price trades at the $1.08 mark and should offer a clear breakout to confirm the uptrend continuation. If the buyers manage to sustain above the $1.04 barrier, the price may rise 20% to hit $1.28.
Conflux(CFX)
Source- Tradingview
The Conflux coin V-shaped recovery from $0.136 support recorded 157% growth within a week. Amid the resumed recovery in the market, the Conflux coin challenges the last swing high resistance of $0.35.
Over the last few days, the coin price showed higher price rejection at this resistance indicating high supply pressure from above. Thus, the buyers need a bullish breakout from this barrier to confirm further price rally.
Fantom(FTM)
Source- Tradingview
The ongoing recovery rally Fantom coin price hit the overhead trendline of a falling channel pattern. This pattern has been carrying the current correction phase for the past six weeks and will continue to do so until the pattern is intact.
However, in theory, this structure is a famous bullish continuation pattern that offers a strong directional rally upon the breakout of its overhead trendline. Thus, the post-breakout rally could surge the price by 42% to hit the $0.65 mark.
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