The Altcoin Surge: Promising Opportunities for Investors
The recent surge in cryptocurrency prices has brought significant gains to altcoins. Despite a market retracement, altcoins have shown resilience and are well-positioned for the next upward trend. Crypto analyst Jelle believes that altcoins are ready to embark on the next run higher.
Cosmos (ATOM): An Upward Trajectory
Cosmos (ATOM) is an ecosystem that is poised for an upward trajectory. Maintaining a level above $8-9 is crucial for ATOM. If this level is successfully maintained, reaching $25 becomes a possibility, according to crypto expert Michael van de Poppe. Currently, ATOM is trading at $10.09, with a decrease of -0.69% in the last 24 hours and gains of 5.10% in the previous week.
BNB (BNB): Official Exchange Token Advantage
BNB (BNB), the official exchange token of Binance, has witnessed positive performances. After observing a pattern of five downward waves and a bullish divergence, there was a trade opportunity of approximately 40%. Attention is now focused on the emergence of a potential cup and handle pattern forming at $350, as per cryptocurrency expert CoinsKid’s post. BNB is currently trading at $314.84.
Chainlink (LINK): Surpassing Resistance Levels
Chainlink (LINK) has been one of the stronger performers recently, surpassing its resistance zone and establishing a healthy support level. With a robust demand zone from $14.8 to $15.2, Chainlink is potentially poised to advance towards the $20 mark, according to crypto analyst Ali Martinez’s post. LINK is currently priced at $15.41.
Hot Take: Altcoin Season and Profit Potential
Only time will tell if altcoins can break through their resistance levels and bring profits to investors. Currently, the charts are green, and technical indicators are bullish. With the ongoing altcoin season, there are promising opportunities for investors to consider in Cosmos (ATOM), BNB (BNB), and Chainlink (LINK).
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