- The Crypto total market cap excluding BTC surges higher.
- Binance Coin (BNB) to catch traders by surprise.
- Shibu Inu (SHIB) Token Age Consumed opportunity.
Crypto total market cap (excluding BTC) price prediction: Time to outperform.
The cryptocurrency total market cap (excluding BTC) has been underperforming due to the strong price performance of Bitcoin this year.
Now, a number of positive technical developments suggest that the cryptocurrency total market cap (excluding BTC) could be about to lift-off in the month of April.
Hidden bullish MACD price divergence is present on the weekly time frame. The bullish divergence suggests that the cryptocurrency total market cap (excluding BTC) could rise to $710 billion.
cryptocurrency total market cap (excluding BTC) Source: Tradingview.com
If the cryptocurrency total market cap (excluding BTC) were to move from its current level of $602 billion to $710 billion, it would be an increase of 17.94%.
The William’s Alligator indicator is also flashing a buy signal on the weekly time frame. This is the first major buy signal for this indicator since August 30th, 2021.
During the period when the last buy signal was activated for this indicator the cryptocurrency total market cap grew from $1.1 to $1.7 trillion USD, marking a 54.45% increase.
If this signal starts to fire-up again it underscores the opportunity for explosive growth in altcoins.
Binance Coin (BNB) Price Prediction: Surprise To The Upside
Binance Coin (BNB) has recently been rocked due to the lawsuit against Binance and its CEO Changpeng Zhao by the CFTC.
However, when traders are often expecting more downside in a coin, especially when the broader market is rising, the opposite effect can often happen.
On-chain metrics currently depict positive Price Adjusted DAA Divergence for Binance Coin (BNB) extending to the $420.00 level.
Blockchain forensics platform Santiment describes the divergence happening when Daily Active Addresses goes higher and the price goes lower and when Daily Active Addresses goes lower, and the price goes higher.
Should we start to see the Binance Coin (BNB) price exceeding the March trading high of high of $347.00 then the mentioned Price Adjusted DAA Divergence could be reversed, marking a potential 33.75% gain in the month of April.
Shibu Inu (SHIB) Price Prediction: Moving to New Highs
Shibu Inu (SHIB) price continues to underwhelm, however, a recent on-chain development could be signalling the start of a pending bull run for this meme coin.
Shibu Inu Token Age Consumed, which shows the amount of tokens changing addresses on a certain date, multiplied by the time since they last moved, according to Santiment Shibu Inu staged its largest spike of the year so far on March 20th.
Spikes on the graph signal a large amount of tokens moving after being idle for an extended period of time. The last time Shibu inu Token Age Consumed spiked this much on January 9th, SHIB rallied from $0.000091 to $0.00001510 in less than a month, marking a 73% gain.
Should we see SHIB rally after this latest spike in Token Age Consumed and posting similar gains to January spike in Token Age Consumed then SHIBU INU could trade towards the $0.000017 level in April.