Cryptocurrency prices moved a little on Friday as Bitcoin found a big barrier at $105,000. The total market cap of all cryptocurrencies retreated slightly to $3.56 trillion after the Federal Reserve left interest rates unchanged at 4.50% in the first interest meeting of the year.
This article highlights two coins defying gravity, including Stellar Lumens (XLM), Alchemy Pay (ACH), JasmyCoin (JASMY) Mantra (OM).
Stellar Lumens (XLM) price forecast
Stellar is a large crypto project in the financial services industry. Its platform allows companies to launch payment services on the blockchain. Stellar’s biggest success story has been its integration with USD Coin (USDC), the second-biggest stablecoin in the industry. Stellar’s soroban project also powers a $450 million tokenized fund by Franklin Templeton.
The Stellar price surged to a high of $0.6415 in November as most coins surged. It has then pulled back and moved below the important support level at $0.50. Stellar has remained slightly above the 50-day and 100-day Exponential Moving Averages (EMA), a highly bullish chart pattern.
XLM has also formed a bullish pennant chart pattern, whose triangle pattern is about to meet its confluence level. Assets tend to have a strong bullish breakout when the two lines of the triangle near their confluence. Such a move will likely lead to more upside, potentially to the key resistance level at $0.6415, the upper side of the pennant. A drop below the 100-day moving average at $0.3520 will invalidate the bullish view.
Alchemy Pay (ACH) price prediction
Alchemy Pay, the leading on-ramp payment network, performed strongly this week after inking a partnership with Movement Labs. The daily chart shows that the ACH token went parabolic and reached a high of $0.050 on Thursday.
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Alchemy crossed the important resistance level at $0.040, its highest swing on December 6. Moving above that point invalidated the double-top pattern, a popular bearish sign in the market.
The MACD and the Relative Strength Index (RSI) and the MACD indicators have continued pointing upwards, moving to the overbought point. Alchemy Pay moved to the ultimate resistance point of the Murrey Math Lines.
Mantra (OM) price analysis
Mantra, a top crypto project in the Real World Asset (RWA) tokenization industry, has been one of the best-performing coins since 2024. It has surged by over 5,000% in that period.
The coin made a strong bullish breakout this week, as we predicted. On the weekly chart, Mantra price moved above the key resistance level at $4.5340, its highest in November and December last year.
Mantra has soared above the upper side of the bullish flag chart pattern, a positive sign. Also, the MACD and the Relative Strength Index (RSI) have pointed upwards. The bullish flag pattern points to more gains, potentially to $10 in this bullish cycle.
Jasmy price forecast
JasmyCoin’s price rebounded strongly, making it one of the best-performing coins on Friday. It jumped to a high of $0.30, a notable level since it was the upper side of the falling wedge chart pattern. A falling wedge is one of the market’s most popular bullish reversal signs.
Jasmy has moved above the 50-day moving average, while the MACD and the Relative Strength Index have all pointed upwards. Therefore, the Jasmy price will likely continue rising as bulls target the next the key resistance point at $0.050.
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