Price Analysis

Bitcoin All Set To Hit $50K, These Altcoins May Be the Best Bet in Q2 2022!

Written by: Sahana Vibhute

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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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Mar 29, 2022

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Article Highlights
  • Some of the altcoins like ZIL, RUNE, MANA, LUNA, FTM, etc may lead the altseason race in Q2 2022

  • Most of the altcoins possess acute strength to roll up towards the pivotal zones, where-in LUNA price aims to discover new highs

Bitcoin is showcasing immense strength and setting a notable path towards the much-awaited target of around $50,000. On the other hand, many altcoins are also showcasing extreme bullish momentum. The assets like Zilliqa(ZIL), Thorchain(RUNE), Decentralalnd(MANA), Terra(LUNA), Fantom(FTM), etc are displaying the possibility of a massive leg up. While ZIL price and LUNA price already ignited a strong bull run while the others are also not too far-off. 

Terra(LUNA) 

Terra’s price successfully smashes the ATH at $106.14 some moments ago, yet appear to be strongly poised to hit $110 at the earliest. The spike was ignited as a result of a squeezed breakout. Previously, during the plunge during January end, the asset broke down after a squeeze. Further while igniting a flip during the start of March 2022,  the LUNA price underwent another squeeze breakout and spiked high from $46 to current levels. And hence after the current breakout, hitting the target of around $120 appears evident. 

Zilliqa(ZIL)

As reported earlier, ZIL’s price broke out from a huge descending wedge and soared high by more than 100%. However, the asset was slightly exhausted after a gigantic rally, but remained within the bullish zone and accumulated strength to pull another leg up. The price has formed a notable bullish flag pattern and hence a notable breakout is imminent. The ZIL price is expected to range high beyond $1.15 to end the Q1 trade

Fantom(FTM)

Fantom price also broke out from the falling wedge recently by igniting a bounce from the bottom around $1. Further, the rally surged towards the north slowly yet steadily and currently testing one of the crucial resistance levels at $1.47. Once the asset slices through these levels, then it may validate a strong uptrend towards the pivotal zones around $1.7. 

Thorchain(RUNE) 

Thorchain price maintained a strong uptrend ever since the beginning of the current month and spiked more than 220% till now. The rally also include constant pullbacks which was much required for the traders to jump in. And hence very quickly the price regained its position above $10 and now aim at reaching $13 at the earliest. However, with the bullish start of Q2, the price could range high quickly to test the ATH too. 

Decentraland (MANA) 

MANA price had witnessed a huge spike during the NFT boom last year. However, the price witnessed a massive pullback before the end of 2021 which was carried forward until it bottomed hard close to $1. However, after a brief accumulation, the Decentralland price is currently at the foothill of a massive breakout. And hence once the asset breaks out from the bullish flag pattern, then it may reach $3.3 in no time. 

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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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