The crypto market started the week being under pressure as investors waited for the upcoming Federal Reserve interest rate decision, which will have an impact across all asset classes. Bitcoin price retreated to $115,000, while Ethereum was down to $4,500.
This article provides a forecast on some key tokens like Avantis (AVNT), Zora (ZORA), and Zebec Network (ZBCN).
Avantis price prediction
Avantis is a top crypto project in the Base Blockchain, where it provides a platform for users to trade perpetual futures. It is a competitor to other perpetual exchanges like Hyperliquid, BasedApp, and edgeX.
Avantis handled over $182 million in volume in the last 24 hours and $5.3 billion in the last 30 days. This makes it the 18th biggest player in the industry.
AVNT price jumped recently as the volume on its platform soared and as whales and smart money investors continue drop accumulate. It also soared after its listing on top exchanges like HTX and Coinbase. This listing led to a sharp increase in its daily volume, which jumped to over $1.2 billion.
The 30-minute chart shows that the AVNT price bottomed at $0.1835 last week to a high of $1.6 this week. It has now pulled back as investors start to book profits and was trading at $1.1.
The token has formed a double-top pattern at $1.2836 and is now nearing its neckline at $1.0515. Therefore, the most likely scenario is that it crashes in the coming days as some of the earlier investors start to book profits.
Zora price technical analysis
Zora, like Avantis, is another top player in the Base Blockchain. Its platform enables users to create and monetize their social media posts, one of the top goals of Coinbase when it launched its upgrade to its application.
The eight-hour chart shows that the Zora price bottomed at $0.05947 on September 12 and then bounced back to the current $0.080.
Zora price has moved slightly above the 50-period Exponential Moving Average, and most importantly, the upper side of the falling wedge pattern, which is characterized by two descending and converging trendlines.
A falling wedge is one of the most popular bullish reversal signs in technical analysis. Therefore, the most likely Zora forecast is for it to continue rising as bulls target the next psychological level at $0.10, which is approximately 30% above the current level.
Zebec Network price technical analysis
Zebec Network is a top crypto project in the fintech industry. Its platform provides a platform where companies simplify their payroll and where users can get crypto-powered cards. The network handles millions of dollars’ worth of transactions each month.
Zebec Network price has remained under pressure in the past few months, moving from a high of $0.00720 in June to the current $0.004380.
A closer look shows that the ZBCN price has bounced back in the past few days, moving from a low of $0.0035 on September 2 to $0.004385 today. It has formed an ascending channel, which is part of the bearish flag pattern.
Therefore, the most likely Zebec price forecast is where it resumes the downtrend and possibly retests the June low of $0.003517, which is about 20% below the current level.
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