Loopring (LRC) price is heading towards $ 5
Loopring has garnered huge user attention as the NFT space sparked a notable bull run. Most of the popular NFTs just broke the narrow trend or consolidation and peaked to mark the ATH each new day. After jumping from just $ 0.4 to $ 3.85, the LRC price is now aiming to beat $ 5 at the earliest. But yet, it is only after testing crucial levels that the path to the target can be cleared.
The asset within its bull run constantly formed a symmetrical triangle and broke northward. However, the asset also experienced push-ups and discharges during the bull run. And therefore, the current drop is supposed to be part of the next step. Therefore, depending on the pattern, the LRC price may slide to the support levels on the uptrend line near $ 3. Additionally, a notable jump to $ 5 could be on the horizon, cutting resistance levels at ATH.
Chiliz (CHZ) Price on point for a 10x jump
The Chiliz price started the trade of the year with a significant increase of over 8000% reaching highs around $ 0.9. Additionally, after failing to break $ 1, the asset fell sharply down to around $ 0.16. However, after consolidating in a narrow range for quite a long time, the asset has started a new bull run since the start of the current month.
Given the current month’s rally, the asset started off with a strong punch and smashed the monthly high around $ 0.66. Also, the asset failed to maintain itself at these levels, the asset plunged below $ 0.45. Still, the asset has received another local boost since the last trading day that helped price break through the descending triangle. Currently, the CHZ price aims to smash monthly highs at $ 0.6560 and finally target the ATH at $ 0.75.
Collectively, the NFT space could continue with the uptrend for a longer time and most tokens could hit new highs. However, Bitcoin, the dominant crypto, is also showing signs of strength that could hamper the NFT’s bullish rally. However, such tokens like the Loopring Price (LRC) and the Chiliz Price (CHZ) are getting immense attention, which could help the next bull run.
