After witnessing a notable pullback, the crypto markets are trying their best to cope with the recent losses. Bitcoin price rose back above $94,000 and remains above levels, increasing bullish momentum in the markets. In the meantime, trader sentiments about some altcoins such as XDC, JASMY and ALGO have become more positive, indicating that a strong bullish move could be on the horizon.
XDC Network (XDC) price analysis
XDC Network is up more than 50% since the start of 2025 and the recent pullback has not hindered the rally’s progress. This could be the reason why market participants are optimistic about the token, with positive sentiment rising above 91%. The token has recovered from yesterday’s losses, hinting at a possible rebound in the coming days.
The The MACD showed a decline in buying pressure and was on the verge of a bearish crossover. However, the MACD line shows a bullish divergence, indicating a possible increase due to the bearish influence. Moreover, the token has recovered 0.786, which has opened the doors to reach 1 FIB at $1.07. Once levels break above $1, a strong rebound could continue, keeping the price intact during the discovery phase.
JasmyCoin (JASMY) Price Analysis
JasmyCoin’s positive sentiment has also risen above 91%, indicating that market participants remain vigilant about the price action. Meanwhile, the token is stuck in a descending triangle and, after hitting the support zone, has caused a strong rebound. However, the technical data indicate a divergent trend, which also points to a possible horizontal consolidation.
As seen in the chart above, the price is trying to rise above the support zone between USD 0.030 and USD 0.031. The RSI tries to validate a bullish divergence and OBV tries to sustain the upswing. Meanwhile, the RSI has formed successive lower highs and lows and the OBV suggests a mirror rally that it underwent in June-July 2024. Therefore, the current week could be crucial for the price, as a breakout from the pattern to $0.0 could invalidate the price. the bearish trajectory.
Algorand (ALGO) Price Analysis
After rising 450% since November 2024, Algorand price suffered a slight pullback, followed by a horizontal consolidation. Despite the bearish actions, bullish sentiments on the token remain around 91.2%, indicating that the bulls could be preparing for the next price action. Meanwhile, the price is forming a bullish pattern and therefore a breakout could push the token above $0.55, paving the way for ALGO price to reach $1.
The latest upswing has increased the possibility of a triple bottom pattern forming, which is believed to be extremely bullish. The trend remains bullish and volume continues to rise, indicating sufficient attention from bulls over the token. The RSI is trading horizontally and trying to validate a bullish divergence, which could push the price towards the resistance zone between $0.32 and $0.328. If ALGO price manages to break out of this range, a rise to 0.786 FIB at $0.5 is imminent, which could further increase the levels to 1 FIB and 1.2 FIB at $0.61 and $0.75.
