Bitcoin (BTC) continues to trade along the same support zone. That’s why the crypto markets consolidated heavily over the past weekend. Markets barely moved and showed strong signs of exhaustion as indices continued to drop. Therefore, in such a scenario where the volatility period is intensely prolonged, major movements are possible in the next few weeks. According to crypto analyst Sahana Vibhute, with a slight change in market sentiment, it is possible that some major altcoin projects are going up with a massive bullish momentum.
The first altcoin on the list is Chainlink (LINK)
As you follow on Kriptokoin.com, LINK has been showing significant strength since the beginning of September. Accordingly, it is possible to start a solid uptrend soon after a small bounce. However, given the current price action, LINK needs to gain some strength. The price is likely to witness a slight pullback as volume is down. Also, if it manages to stay above $7.65, a massive rally is likely to bring the price closer to $10.
Analyst’s second pick is Terra Classic (LUNC)
LUNC took a long leap over last weekend. With this move, he tried to reclaim the critical resistance at $0.0036. However, it displayed significant strength as it managed to trade above $0.0032. If the price manages to stay in the resistance zone without falling, a significant bullish exit is possible. Otherwise, LUNC will likely continue to trade around $0.0003 for a longer period of time. On the brighter side, a break above $0.0036 is likely to open the way for a significant rise above $0.0045.
The third altcoin Litecoin (LTC)
After a massive rally, LTC is currently heavily consolidating. In this direction, it is falling towards the sub-critical zone. However, despite a notable pullback, prices need to hold lower critical levels between $43 and $46. If the price HODL at these levels, a notable rise towards the 3-digit level could be close only after testing and clearing the key zones at $81.
Polygon (MATIC) ranks fourth on the list
Despite a bearish month-end, MATIC reclaimed the key area around $0.72. It then continued solidly above $0.75. That’s why the altcoin is showing sharp strength. As assets often break above the $0.72 levels, they become highly volatile. Therefore, it carries the possibility of retesting the $0.65 levels. If it manages to hold above $0.75, MATIC is likely to rise above $0.80 very soon.
Latest altcoin Avalanche (AVAX)
AVAX looks set for another 10% drop in the coming days. Hence, it exhibits a contrast rally compared to all the altcoins above. Also, AVAX is lagging behind in volume and volatility that could drive it to $16 or even below those levels. If the price stays at these levels, a rise is possible to bring the price closer to $18. Conversely, a failure is likely to cause the price to drop to $15.75 initially and then to $14.
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