Top Altcoin Which May be the Best Bet Before the Beginning of the Altcoin Bull Cycle!

The post Top Altcoin Which May be the Best Bet Before the Beginning of the Altcoin Bull Cycle! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto space recovered considerably over the weekend as Bitcoin price regained its position above $30,000 again. With a minor relief, most of the altcoins are now appearing to set up a path towards the upper resistance soon. However, some of the new and some veteran altcoins that remained silent for more time, are now poised for a larger move. 

Near Protocol (NEAR)

• Near Protocol price is currently consolidating between $5.59 to $7.63 from an extended period displaying an extended consolidation

• Yet the RSI is ranging significantly high despite the stagnant trend of the asset and hence displaying a huge chance of an ascending trend ahead

• However, it is currently unsure whether the asset could make it to the double-digit figure or not but it seems like the price is all set for a quick upswing

Chainlink (LINK)

• Chainlink is swinging within an ascending triangle ever since it flipped from its lows below $5.5 

• Therefore, the price is expected to maintain a slow yet steady upswing until it reaches the immediate resistance at around $8

• Here the possibility of rejection is pretty high and hence it may face a retest towards the resistance again before spiking towards $8.5 to $9 levels

Decentraland (MANA) 

• On the other hand, MANA price is extremely bullish as it is all set to break out from the bullish flag formed within the descending triangle

• Therefore, an upward swing towards the $1.5 is pretty possible and as it is swinging within a descending triangle a rejection appears imminent

• However, the lower above $0.7 could hold the price strong and ignite a flip so that the price could regain its initial levels

Thorchain (RUNE) 

• Thorchain price from more than a year is maintaining the same descending trend line after facing huge rejections at the resistance

• However, following the similar pattern as before, the price is expected to consolidate for some more time and eventually kickstart a strong uptrend

• The uptrend may uplift the price close to $10 but just before achieving these levels a significant drop is witnessed