Three cryptocurrencies have left Bitcoin behind in terms of appreciation in the past 30 days.
Chiliz (CHZ), Verasity (VRA) and Klever (KLV) accumulated an increase of 885%, 450% and 603%, respectively, in the last month.
Bitcoin, while recording its historic high of $ 61,711 12 days ago, fell about 6% in the period.
At the time of writing, CHZ is trading at $ 0.47, VRA at $ 0.015, KLV at $ 0.108 and Bitcoin at $ 51.135.
But for the first three cryptocurrencies, there are positive predictions. Despite having already accumulated a significant appreciation, cryptocurrency analyst Akash Girimath of FXStreet believes that they will have “parabolic executions” soon.
Chiliz (CHZ)
According to the analyst, the price of Chiliz may rise again if some critical levels remain:
“The first support that could revive Chiliz’s massive bull run is the 78.6% Fibonacci retracement level at $ 0.46. If this barrier breaks down, the 61.8% Fibonacci retracement level at $ 0.26 could provide buyers with enough time to gather strength and push the CHZ price for another bull run. ”
On the other hand, if the price closes above $ 0.58, the momentary downside thesis will be invalidated.
Verasity (VRA)
As for Verasity (VRA), Girimath believes that digital assets have the potential to rise 77%.
According to the analyst, after reaching its historic high on March 16, the VRA price started to consolidate.
Thus, the VRA price chart formed a series of lower highs and lower lows, configuring a parallel descending channel.
“This configuration is a continuation pattern and provides for a 77% rise, which is the height of the mast added to the breakpoint by $ 0.019. This target puts the VRA at $ 0.034. ”
However, if the price falls below $ 0.010, the bullish outlook will be invalidated. In that case, the price of the cryptocurrency may plummet 35% to 0.008.
Klever (KLV)
Finally, the analyst commented that the Klever price also reveals the formation of a continuation pattern known as a “bullish streamer”.
He noted that between the 5th and the 11th of March, the price of KLV rose 620%. Then, the price was consolidated, also creating a series of lower highs and lower lows.
“This technical formation forecasts an increase of 86%, which is the height of the mast added to the breakout at US $ 0.13. That goal puts KLV at $ 0.25. ”
On the other hand, if the price falls below the lower trend line, that is, below US $ 0.10, the increase may be affected. As a result, the KLV price may drop 37% to $ 0.06.
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