AltcoinsPrice Analysis

Crypto Market Is Swinging Again! Should You Buy Altcoins This Fall Season?

news-image

The fall season has brought enthusiasm along, for traders and enthusiasts in the crypto community. While the fourth quarter is nearing, investors have grabbed their shopping bags. This time around, altcoins seem to be a priority for buyers in the market.

Advertisement

Popular analyst lists some altcoins to his viewers. While some are top-tier coins, others are the lesser-known coins that are undervalued. They have been retracing tracks, back to their pre-crash levels. Consecutively, buyers are now showing interest in these coins.

Also Read: Will October Be a Hurdle or a Blessing in Disguise for Bitcoin(BTC) Price?

The Right Time to Buy?

Several coins in the market, are now on war footing momentum. Consecutively, some are holding stronger to the support levels, a few are consolidating. And a few are ready for breakouts. Market trends are hinting at a possible surge in buyers.

Coins like Kusama(KSM), Elrond (EGLD), Cardano (ADA) and Swipe(SXP), among others, are closer to their support levels. This relates, to the possibility, of an appropriate time to get in some of these coins. While they are trading lower than they possibly should. Expectations of positive trends are generally on the higher end for undervalued coins.

In addition, coins like ORN, VRA, ENJ, and ICX have seen a rebound from support levels. And are consolidating after a mighty run. Several coins are portraying higher lows and higher highs on the market charts. The fact that the ALT coins performing exceptionally well with little or no publicity. Is fathoming interests among investors and traders in the space.

Collectively, it is arguably an appropriate time to grab some coins before the buying pressure creeps in. As a number of coins are either closer to their support levels or consolidating post momentum. It is worth stressing that the analysis is from press time. We can expect the movements of prices in the range of 10-20% provided the situation favours the altcoin. It is rightly said, that one must look out for support levels across the market for purchases.

Also Read: Solana Price Struggling To Sustain Above Resistance, Yet Aims At 20% Upswing!

Tags
Show More

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.

Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

Related Articles

Back to top button
Close
Close