Altcoins

AXS, Theta, VeChain, HBAR, and XCAD Are Set To Rekindle A Grand Altseason!

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The global crypto space appears to be rolling in the dough since the start of the quarter. Besides, the fear and greed index has been manifesting to extend the bull season. The Bitcoin price has been trading at $60,269 with 1.06% negative gains in 24 hours. In the short term, the price is expected to retest between $57k and $58k.

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The Ethereum seems to be running at pace with the star crypto. If the top leaders undergo a breakout, then the intensity of the upcoming alt-season would be massive. However, Axie Infinity, Theta, VeChain, XBAR, and XCAD have been trading around crucial areas. This article would further guide you to better know about the entry and exit points of the aforementioned coins. 

VeChain (VET) Price Analysis:

The VeChain price has been experiencing a key correction around $0.129. Cryptobusy, a popular crypto analytics platform, expects VET price to bounce from $0.14 to new milestones. The ongoing quarter has experienced a mammoth accumulation, as a result of which the price surged by over 30%. If the buy-orders maintain the uptrend in the next couple of days, then the altcoin could break out around $0.139 to surge by another 30 to 40%. 

If the asset undergoes a correction, the best entry points would be somewhere around $0.11. And the preferred exit points for the trade would be between $0.151 to $0.161. 

Theta Price Analysis: 

The Theta price has exhibited a best long opportunity for crypto-traders with the latest retest around $8.16. The altcoin has been enduring support of $7.125, and patiently awaiting a breakout. Cryptobusy, a crypto metrics platform is hopeful of Theta price bounce between $6.9 to $7.025. The crucial level to buy the asset would be between $6 to $6.15. The altcoin has the potential to retest the $7.8 resistance level. 

Axie Infinity (AXS) Price Analysis: 

The popular gaming altcoin has been creating a lot of media buzz since the start of Q4. AXS’s price has hit an ATH of $164.15 a couple of days before. The protocol is expected to further retest around $120 support levels. However, a popular crypto analyst, Micheal Van De Poppe, has recalled the historical breakouts at $110.50, $83.43, $74.18, and $48.15.

If we keenly look at the previous bull runs, the protocol has never undergone heavy correction after the run. Hence, the price range between $110 to $115 could become the best entry points to look out for.

Hedera Hashgraph (HBAR) Price Analysis: 

Hedera has been bearing massive volatility since late September. The altcoin has managed to hit an ATH of $0.5059 on September 15th, 2021. Followed by the surge, the altcoin has been hovering between $0.3051 to $0.4127. 

The crypto analyst, Michaeal Van De Poppe predicts HBAR price to retest a bottom of $0.35 before taking up another leap. The chart shown by him highlights the token to initially break out from $0.45 later take a leap to $0.55. The analyst is hopeful of the price to soar beyond the previous ATH in the next bull cycle. 

XCAD Network Price Analysis: 

The XCAD network has been one of the unnoticed coins which have been creating higher highs in the recent past. The crypto analyst Van De Poppe has made a whopping prediction for the altcoin. The analyst believes, if altcoin holds the support above $4, then he assumes XCAD price to hit $8.50 in the upcoming bull run. 

Collectively, Bitcoin’s dominance has been sliding sideways, as massive cash flow has been shifting towards several altcoins. Aforementioned are some coins which possess the strong potential to dominate in the coming altseason. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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