Price Analysis

Top Altcoins Which are at a Foothill of a Massive Explosion in the Upcoming Week!

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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Apr 9, 2022

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Highlights

    While Bitcoin price is chopping around, some altcoins are preparing hard to record a bullish week ahead

    Altcoins are currently accumulating healthily very close to the lower support manifesting a huge flip awaiting ahead

The crypto space has squeezed out its volatility to a large extent which may result in a massive breakout ahead. As most of the altcoins are displaying an equal buying and selling pressure at the moment a slight dominance by any of them may highly impact the price further. And hence some of the altcoins like Terra (LUNA), Solana(SOL), Avalanche(AVAX), Near Protocol(NEAR), Ripple(XRP) price are set to explode. 

Terra (LUNA) 

Terra’s (LUNA) price recently marked new highs a couple of times and currently trading below $95. However, the price managed to sustain within the uptrend parallel channel and may look out for a flip very soon. And hence the weekend spike is pretty much expected as the buyers remained completely focused to uplift the price towards $120.

Read More: Terra Smashed a New ATH, This is How LUNA Price May hit $200 in April 2022!

Avalanche (AVAX)

The Avalanche price was declining heavily from the first few days of April which was halted in the past couple of days. After a brief consolidation, the asset is expected to rebound towards the initial target at $100. However, another pullback may be pre-programmed just above these levels, and if sustained, AVAX price may jump high towards $120. 

Read More: This is Why Avalanche(AVAX) Price is Poised to Hit $120, But May Not Achieve in April 2022

Near Protocol (NEAR) 

Near Protocol from the past, a couple of days is experiencing a heavy influx of liquidity which propelled the price very close to its ATH. However, the price without experiencing much drain, preparing for a strong rebound soon. The consolidation just 10% below the ATH signifies the asset is primed to form a new ATH in the next 24 to 48 hours. 

Read More: Near Protocol (NEAR) Price Just Misses the ATH, Yet Poised to Hit $30 This Weekend!

Ripple (XRP) 

Ripple’s XRP price is on the verge to make a magnificent comeback as the asset may be very close to the end of consolidation. The XRP price after a rally usually consolidates months together. And hence after the current 4 month’s consolidation, the price is expected to resume with the bull run towards the double-digit figure very soon. 

Read More: What is Stopping Ripple’s XRP Price from Smashing $1, How Long Will it Consolidate Below $0.8?

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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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