The cryptocurrency market got off to a strong start in January with the approval of the spot Bitcoin ETF. However, he did not continue this move and lost some of his gains. However, there are also cryptocurrencies that analysts are hopeful about for the rest of the month. Analysts expect a January run for these 3 altcoins that exhibit bullish patterns.
Altcoins are more than ready to rise!
cryptokoin.comAs you follow from , the market started the new week with a retreat. Despite this, most altcoins remain strong and show resilience. They seem well positioned to start the next uptrend, especially according to crypto analyst Jelle. “While the market pulled back this week, altcoins held strong,” the analyst said. “They are more than ready to move on to the next surge,” he says.
First ranked altcoin: Cosmos (ATOM)
In the ongoing altcoin season, some picks may be flying under the radar. But that doesn’t mean they don’t perform well. One ecosystem poised for an upward trajectory is Cosmos (ATOM). In the case of ATOM, maintaining a level above $8-9 is imperative. According to crypto analyst Michael van de Poppe, ATOM has the potential to surpass previous highs and reach $25. However, this is only possible if the critical level is successfully adhered to.
Meanwhile, ATOM was trading at $10.18 at the time of writing, down 2% on a daily basis. However, the altcoin gained 6.4% in the previous week. On the other hand, ATOM has lost approximately 10% of its value in the last 30 days.
In second place is Binance Coin (BNB)
Being an official exchange token of the Binance crypto exchange has its advantages. We understand this better when we compare BNB with the recent performances of other cryptocurrencies. After observing a pattern of five downward waves and a bullish divergence, a trading opportunity of approximately 40% was successfully uncovered. Currently, attention is focused on the emergence of a potential cup and handle formation forming at $350, according to the latest post by cryptocurrency expert CoinsKid.
Meanwhile, BNB was trading at $317.3 at the time of writing, up 3.8% on a daily basis. In addition, the altcoin gained 5.5% on a weekly basis and 28.5% on a monthly basis.
Last ranked altcoin: Chainlink (LINK)
One of the stronger performers in the previous days was Chainlink (LINK). The altcoin managed to break through the resistance zone and establish a healthy support level. Chainlink has formed a strong demand zone between $14.8 and $15.2. Here, 17,650 addresses collectively purchased 85.12 million LINK. According to crypto analyst Ali Martinez, the altcoin is poised to potentially move towards the $20 mark, given that there is no significant resistance in the near future.
Meanwhile, LINK was trading at $15.47 after a 1.38% gain the previous day. Additionally, the altcoin recorded an increase of 13.86% in the last 7 days and 4.6% in the last month. Only time can tell whether the altcoin season will allow these assets to break through resistance levels and bring profits to their investors. Currently the charts are green and technical indicators are bullish.
The predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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