The crypto market staged a strong rally this month, with Bitcoin surging to a high of $123,000 and the market capitalization surging to over $3.6 trillion. Most tokens have done well in the past few weeks, and analysts anticipate more upside.
This article provides a forecast for some top altcoins like Zebec Network (ZBCN), Onyxcoin (XCN), and Turbo (TURBO).
Zebec Network price forecast
Zebec Network as emerged from nothing to become one of the most popular tokens recently. Its goal is to become a giant fintech company focusing on payments. It offers payment cards to thousands of users and payroll processing solutions that handle over $40 million each month.
ZBCN price has been in the spotlight this week after expanding its partnership with Uphold. It announced that it will be managing its treasury with Uphold, one of the top companies in the crypto market.
Zebec Network also announced its May buyback worth $60,000. It burned 300 million ZBCN tokens in 2024, and the trend will accelerate this year.
The ZBCN price peaked at $0.007185 in May and then plunged to a low of $0.0033. The token has bounced back and moved slightly above the 200-day and 100-day moving averages, a sign that bulls are gaining momentum.
Zebec has moved above the 61.8% Fibonacci Retracement level at $0.003210. It has also formed a small bullish pennant pattern, a highly bullish sign. Therefore, the token will likely keep rising as bulls target the psychological point at $0.0047, the 38.2% Fibonacci Retracement level.
Onyxcoin (XCN)
Onyxcoin has been one of the best-performing cryptocurrencies this year. It remains over 1,267% higher than the year-to-date low, even after plunging by over 62% from its highest point this year.
Most recently, Onyxcoin price has formed a symmetrical triangle pattern. It has also moved above the upper side of this pattern.
The XCN token has remained above the upper side of this triangle pattern. It has jumped above the 100-day and 200-day moving averages, while the Relative Strength Index (RSI) and the MACD have pointed upwards.
Therefore, the Onyxcoin price will likely continue rising as bulls target the key resistance at $0.02740, its highest point in April 25. A drop below the support at $0.015 will invalidate the bullish view.
Turbo
Turbo, a top meme coin that has done well in the past few months. It moved from the year-to-date low of $0.001377, its lowest point on April 9.
The Turbo token price has retested the important resistance at $0.006570, its highest point on May 9. It has also moved above the 200-day and 100-day moving averages.
Further technical analysis shows that the Relative Strength Index and the MACD have all pointed upwards. Therefore, the Turbo token price will likely continue rising as bulls target the key psychological point at $0.010. A move below the 200-day moving average at $0.0044 will invalidate the bullish view.
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