The cryptocurrency market maintained stability over the weekend as traders awaited upcoming US inflation data, which is anticipated to influence the Federal Reserve's subsequent policy decisions. Bitcoin was reported to be trading at $105,000, with Ethereum's price at $2,500. This analysis focuses on the price trends and forecasts for three notable altcoins: Ravencoin (RVN), AB token, and Keeta.

Ravencoin (RVN) Price Analysis

Ravencoin, a proof-of-work cryptocurrency, originated as a hard fork of Bitcoin. A key distinction is its supply cap of 21 billion coins, compared to Bitcoin's 21 million. The price of RVN recently experienced a significant surge following its listing on Upbit, South Korea's largest cryptocurrency exchange, thereby granting it access to a vast user base of millions. This propelled RVN to a high of $0.0257, its highest level since December of the previous year, before it retraced to $0.01570.

Currently, Ravencoin's price holds slightly above the crucial resistance level of $0.01428, which marked its highest swing on May 13. It has also surpassed the 50-day Exponential Moving Average (EMA), indicating sustained bullish control. Furthermore, the RVN token remains above the 23.6% Fibonacci Retracement level, and the MACD indicator is pointing upwards. Consequently, the coin is expected to continue its upward trajectory, with bulls targeting the 38.2% Fibonacci retracement point at $0.01912. However, a drop below the support level of $0.0142 would invalidate this bullish outlook.

AB Token Price Forecast

AB is a blockchain project offering modular technology designed to support fast and secure transactions, smart contract execution, and decentralized governance. The AB token has seen a recent price increase, largely driven by its listings on several prominent exchanges, including Binance, Bitget, and MEXC. On-chain data further suggests nascent growth in its network, albeit from a low initial base.

Since its inception, the AB network has processed over 1.5 million blocks and handled 29,792 transactions. It currently processes approximately 2,600 transactions per day, and the number of addresses has grown to 23,6111. Despite these figures, its network utilization stands at a mere 0.01%, indicating a significant need for accelerated growth to justify its current valuation. The daily chart shows that AB token's price bottomed out at $0.004084 on May 26 and subsequently rebounded to $0.01040. It has marginally crossed the key resistance level of $0.01, which was its highest point on May 28. Both the Relative Strength Index (RSI) and MACD indicators are trending upwards. Therefore, technical analysis suggests that the AB token is poised for further appreciation, with bulls aiming for the $0.015 mark. Investors should note that AB is a thinly traded token, which may lead to extreme price volatility on certain days.

Keeta Price Forecast

Keeta is a blockchain network engineered to deliver over 10 million transactions per second. Its primary objective is to unify the fragmented blockchain industry by enabling seamless asset movement across multiple chains. Additionally, Keeta allows users to create tokens representing real-world assets. The two-hour chart for the Keeta token reveals a strong performance in recent days, with its price reaching a record high of $1.4920. This represents a 262% increase from its lowest point this year.

Recently, the Keeta token successfully surpassed the key resistance level of $1.2400, its previous high on June 3. This breakout invalidated a developing double-top pattern. The price has since retested this $1.2400 level, which now acts as support, suggesting potential for further gains, possibly towards the psychological price point of $2.00. A fall below the support at $1.2400 would negate this bullish forecast for Keeta.