bitcoinAt the end of the period when . what about approaching altcoin in season LINK, ZAP and ISLAND What is expected for
According to analysts, the altcoin season could start towards the end of this year or in the first quarter of 2022.
Rising Expected For ZAP/USD
In early September, the ZAP depreciated against the dollar. However, towards the end of the month, it managed to regain all its lost value. The picture remains optimistic on ZAP and a close above $0.0460 could trigger a rally to $0.0758 and the token could push itself as high as $0.0822.
The moving average (MA 200) at $0.0822 would be a valid target for ZAP/USD. There may be a recovery after a wave of bullish action from its sub-season. However, the $0.0758 resistance level could form resistance for this season and next.
Looking at the short term, ZAP is not doing well with the bulls and the bulls bias remains, but a serious break of $0.0460 may be needed to confirm a reversal signal on the daily chart.
Looking at the long-term, given the strong use case of ZAP and how well other DeFi tokens are performing, it’s really hard not to see some serious bullishness on this token, especially with ZAP currently trading below $0.05.
LINK/USD is More Neutral
Chainlink (LINK), on the other hand, continues to trade in a range, which causes the slopes of the 50 and 200 moving averages to flatten (neutral). Technical indicators confirm the neutral bias as the RSI hovers above the 50 level.
LINK, on the other hand, could create and reinforce positive momentum above the current high of $28.57. The next level of resistance after the $32.12 level could be the $36.35 level, which functions as the upper range of the last consolidation zone.
If this level is surpassed, the next target can be between $44.37 and $52.99.
However, if prices fail to break above this range, downside shifts could be seen at $26.89 and $27.47 respectively, with the MA 50 and 200 coming into focus. Further lower, support could be detected between $23.53 and $20.81. Failure to stay above these limits could result in bears gaining an advantage.
ADA/USD Consolidates
Cardano (ADA) currently continues to go sideways, stuck between the 50 and 200 moving average after falling from its all-time high of $3.16 in September. The RSI, on the other hand, seems to be climbing above the 50 neutral level. In a positive scenario, immediate resistance could start at the $2.32 barrier from the MA 50.
Breaking this level and the $2.50 level, the ADA/USD pair may stay at $2.82 for a while before challenging the psychological level of $3. If that doesn’t happen, the price could face a bullish blocking zone from $1.89 to $1.76, which also includes the bearish MA 200.
As a result
As Bitcoin continues to rise, many investors can expect Bitcoin to surpass the $100,000 level. When BTC exceeds this level, investors with high income can invest in a large altcoin with this income.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.