Price Analysis

Altcoins to Keep an Eye On in December 2022! Will the AltSeason Begin?

Author: Sahana Vibhute

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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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  • Altcoins have gained more traction than the dominant crypto Bitcoin nowadays as the social sentiments of the star crypto have dropped notably

  • Some of the popular altcoins like Polkadot, Binance Coin, Shiba INU, Curve DAO, etc are displaying immense potential to rise high soon

The Bitcoin (BTC) price raised beyond $16,800 and is unable to clear $17,000 despite notable buying pressure had mounted up. Meanwhile, some of the altcoins which are presently trading within the consolidated range are expected to gear up any moment from now. 

Polkadot (DOT) 

Source: Tradingview
  • The DOT price is trading within a falling wedge which is largely considered bullish and hence the price could break above the consolidation very soon
  • Before, breaching through the levels, the Polkadot price could experience another significant price drop to the interim lows around $5 which may trigger a massive upswing
  • Further, the upswing may assist the price to slice through the resistance and achieve levels beyond $6 soon

Binance Coin (BNB)

Source: Tradingview
  • The Binance Coin price has been incremental ever since the price rebounded from the lows during the mid-June
  • The recent market crash had dragged the price below the trend line, but the BNB price quickly rebounded and is following a notable uptrend
  • The price is expected to maintain an ascending consolidation until it reaches the peak of the bullish ascending triangle and breakout further

Shiba INU (SHIB)

Source: Tradingview
  • The Shiba INU price is manifesting bullish signals as the token is heading towards the peak of the bullish pennant 
  • As the buying volume has accumulated significantly, the possibility of a bullish breakout appears to be significantly high
  • With a breakout, the SHIB price may initially reclaim levels above $0.00001 and later secure levels beyond $0.00001050

Curve DAO Token (CRV)

Source: Tradingview
  • The Curve DAO token had broken down the lower support during the recent fallout but quickly rebounded and now appears to head back towards the resistance
  • The price after a notable upswing is consolidating tightly, hence forming a bull flag, hence substantiating the claim of a significant upswing soon
  • If the price manages to surpass the resistance, it may invalidate the bearish trajectory and reclaim $1 in a small time frame. 
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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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