Altcoins

Many Altcoins Are Ready For A Massive Breakout, Analysts List Some Of Them

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Highlights

    Bitcoin regains the bullish momentum by smashing the crucial levels and hence the other altcoins gear up to follow

    The notable breakout with each altcoin could also signify the building strength among them to hold the Altseason for a long time

With the start of the new weekly trade, the crypto space regained the lost momentum. And hence despite lagging a notable trading volume, yet the Bitcoin price managed to break the crucial resistance levels. This fueled up the altcoin rally, where-in assets like Cardano, Zilliqa, Swipe, Holochain, etc and many more showcase a possibility of a massive rally.

Analyst, Micheal van de Poppe, as per the request listed out the altcoins which are ready to propel high with the BTC pair. As per the analyst, each asset after the next leg up either could consolidate or experience a slight pullback. Yet the uptrend would continue despite all the odds.

VeChain (VET) 

Vechain price has bounced from an important zone around 249 SATS, which it had slipped below before. The bounce without revisiting the lower support levels at 193 SATS validates an upcoming bull run. The analysts mark the crucial levels for the VET price to achieve in order to maintain the uptrend. The asset could reach the highs once the levels at 341 SATS are met accordingly.

Zilliqa (ZIL) 

The asset is expected to add up to another 100 SATS in its price in the coming days. But currently, a slight pullback or consolidation could be on the cards. The analysts predict the ZIL price to dump slightly to hit 203 SATS and later head strongly towards 331 SATS. However, to accomplish this task, breaking through 260 – 270 SATS is mandatory.

Swipe(SXP)

The swipe chart appeared to be a little tricky as the SXP price is undergoing a correction. The price is sitting on one of the crucial support levels in between 6700 to 7100 SATS. If the bullish trends need to be in place, then a rebound from these levels becomes important. Else the next levels to keep a close watch could be around 5500 to 6000 SATS. 

Holo (HOT)

HOT price showcases the possibility of hitting the upper resistance levels at $0.016687 in the coming couple of days. The asset is speculated to do so as its constantly forming new higher highs with a small consolidation. Currently, the crucial area to hold on to is around $0.01 to $0.011, after which the levels at $0.017 can be expected. 

Serum (SRM) 

The serum is among the assets which is much sceptical than any other assets. As the previous trend includes huge pumps and dumps, even in the current times, a spike after a breakout cannot be speculated. However, the green zone for SRM price resides in between $8.4 to $7.14, and a perfect bounce from this zone could be bullish for the asset. 

Cardano (ADA) 

Unlike the other altcoins, the analyst is pretty bearish with the Cardano price. As per his speculation, the ADA price has always dumped each time it spikes to the highs. However, it also rebounds accordingly forming an inverted ‘V-shape’ price movement. And hence currently, the price resides at the peak and the lower levels of the pattern are at $2.6. Therefore a correction could be incoming. 

Fantom (FTM)

Fantom price is just surging with a huge margin without any stoppage. And hence the analyst believes the FTM price could experience a notable dip soon. Also, he suggests his followers enter then in order to take notable profits. 

Tezos (XTZ) 

Tezos price appears to have consolidated for a long time and hence the asset could break very soon. The initial targets set by the analyst resides around 20000 SATS and to achieve this, the XTZ price needs to surge more than 90%.

Collectively, analysts are pretty sure about the strengthening of the current Altseason 2021. And hence more and more altcoins could erupt with a huge volume. However, some assets which already touched highs could undergo a slight correction. While major altcoins which are accumulating could ignite very soon. 

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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.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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