Price Analysis

This Altcoin Soared 200% in the Past 2 Days, Has the AltSeason Just Began?

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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  • Bitcoin price is heading close to $21,500 after hovering along the pivotal resistance at $20,000 for quite a long time

  • Some of the altcoins like Band Protocol, Arweave, Chilliz, Fantom, and Litecoin have gained huge bullish momentum and spiked high

After the bearish September faded away, October also kept the crypto space in splits. Meanwhile, since the beginning of November, Bitcoin along with most of the altcoins has been pretty incremental. With the resurgence of a notable upswing, the probability of the beginning of an AltSeason emerges. 

Below are the popular altcoins which have raised above the bearish captivity and may maintain a significant upswing in the coming days.

Band Protocol(BAND) 

  • BAND price surged high and regained the levels prior to the market crash in May 2022 but the extended bearish activity has halted the upswing to some extent
  • The price is expected to hover along the upper resistance for a while and later with the bullish interference the price may breach through the resistance and rise high
  • After regaining the levels above $3.5, the asset may eventually head towards $4 initially and later may head towards $4.5

Chiliz (CHZ) 

  • The chiliz platform is recording enhanced trading activity as the volume has soared magnificently in the past couple of months
  • Presently, the price is closer to testing one of the crucial resistance at $0.2657, wherein a significant upswing is expected. 
  • With an upswing, the CHZ price may rise high and reach the upper targets at around $0.32, else a rejection may drag the price lower close to $0.2 areas

Litecoin(LTC) 

  • After breaking the above consolidation, the LTC price is testing the crucial descending trend line and hence a breakout from these levels may certify a bullish trend
  • On the contrary, if the price faces a rejection, it may drop slightly following a significant rebound which could be fueled when the asset reaches the support at $64
  • With a rebound, the price may begin a firm upswing and also try to breach through the descending trend line and rise high to reach the upper targe close to a 3-digit figure
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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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