Cryptocurrency Price Prediction Today Mar 14th: Market Recovery Soared Conflux by 30%, While Threshold, OKB, Rocket Pool Tokens Jumped 20-15%
Cryptocurrency price prediction today Mar 14th: the crypto market has witnessed significant growth in the last few days and recuperated a sense of relief among market participants. As several cryptocurrencies try to regain their lost grounds, the market sentiment is gaining confidence for uptrend continuation. Amid this recovery, the following tokens from the top 100 cryptocurrencies by market cap have shown the highest gains in the last 24 hours.
By press time 8:12 am Tuesday, the global cryptocurrency market capitalization shows a 7.86% rise which currently stands at the $1.09 trillion mark. Moreover, the total crypto market volume rose to $88.3 Billion reflecting a 4.25% rise since yesterday.
Conflux(CFX)
Source- Tradingview
Amid the ongoing recovery in the crypto market, the Conflux coin price bounced back from the $0.14-$0.15 support zone on March 12th. The resulting recovery has surged the prices by 85% in just two days and breached a local resistance of $0.245.
By the press time, the CFX price trades at $0.25 and retests the breached resistance for suitable support. The long-tail rejection attached to the daily candle indicates the buyers are defending the newly reclaimed support and may prolong the bullish rally to the $0.36-0.375 mark.
Threshold (T)
Source- Tradingview
On March 12th, the Threshold coin price rebounded from a combined support of $0.031 and support the trendline of a falling channel pattern. A bullish reversal drove the altcoin 35.2% higher where it currently exchanges hands at the $0.04 mark.
Under the influence of this pattern, the buyers could prolong this recovery until the price hit the overhead trendline which is another 10% higher. Anyhow, the interest buyers should wait for a bullish breakout from the pattern’s resistance trendline.
Also Read: What Are Bitcoin Ordinals And How Do They Work?
OKB (OKB)
Source- Tradingview
The long-coming parabolic rally in the OKB token price witnessed a minor correction amid the February and early March selling pressure. However, the coin price managed to rebound from the 0.382 Fibonacci retracement level of $38.85.
The bullish reversal indicates that market participants are interested in buying the dips of this token, which eventually showcased a 26.7% gain in the last four days. This recovery shows a breakout attempt from the $48.2 resistance which will encourage further growth in OKB price.
Rocket Pool(RPL)
Source- Tradingview
On March 13th, the Rocket Pool token recovery rally gave a massive breakout from the $41.8 resistance. This bullish breakout offers buyers significant footing to further extend the ongoing bull run.
Today, the RPL token trades at the $42.19 mark and retests the aforementioned breached resistance as potential support. If the buyers manage to sustain above the $41.8, the buyers may drive the coin 10% higher to reach the $46.5 barrier.
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