The cryptocurrency market seems to be running out after Bitcoin and Ethereum riveted new ATHs. Market volatility is increasing as various altcoin projects post double-digit profits and the star crypto has lost support of around $60,000. Specifically, Helium (HNT), Cosmos (ATOM) and Holochain (HOT) have emerged as the top earners lately, suppressing the downtrend. Therefore, they look ready for strong uptrend, according to analyst Qadir AK.
Altcoin projects get approval from HNT, ATOM and HOT Santiment
According to the analyst, data from the crypto analytics platform Santiment should not be ignored. According to the firm, Helium, Cosmos and Holo gained 16%, 15% and 18% market capitalization respectively. Therefore, they are giving important bullish signals. Continuing in the article, we examine potential price targets for these altcoins. cryptocoin.com You can access the Santiment data that we have transferred via the tweet below.
Altcoin Helium (HNT) technical analysis
Helium (HNT) is an innovative platform built for IoT utilities, powered by Blockchain infrastructures. On Tuesday, the altcoin moved away from the port to break beyond its $26.31 ATH. Still, HNT price is consolidating around $24.15. As the contention between buyers and sellers continues on the 4-hour chart, it is approaching decisive levels.
According to the analyst, if buyers load on their order books, the altcoin could rise 10% to 15% higher after retrieving the previous ATH. On the contrary, the price of HNT could drop by around $20 if the bears take control of the market. However, one of the main catalysts for HNT’s price action has been its recent collaboration with the Dish network. This partnership enables traders to deploy compatible Helium 5g Hotspots on Dish Network to earn HNT.
Cosmos (ATOM) price analysis
Cosmos (ATOM) is a decentralized network that facilitates advanced interoperability and scalability, and the rise was accompanied by 10% gain. Notably, the network’s trading volume increased by over 300% around the clock. The price is undergoing a significant correction after ATOM’s previous ATH approached $44.70. The 4-hour chart shows sellers dominating buyers.
Currently, the altcoin is trading at $37.63, if the selling pressure continues, ATOM could correct itself heavily to the bottom support at $36.74. Also, an RSI factor of 60.8 indicates a healthy consolidation phase. Hence, if a large number of buyers step in in the next few hours, the analyst thinks ATOM price could reach around $47,586.
Holochain (HOT) price analysis
Holochain (HOT) is a P2P network that has generated a lot of media buzz with huge gains in recent days. The 4-hour chart highlights large green candles that indicate a large increase in investment rate. Recent developments in the ecosystem led to a retest of price momentum at the September high of $0.0125. The altcoin is correcting with good sales as large buy orders took place a few hours ago.
According to the analyst, the price of Holochain (HOT) is expected to undergo a correction of around $0.0095. As the RSI factor looks quite green, the HOT price could surpass the September high to reach $0.0135. However, Bitcoin dominance has been depreciating since the start of the week, which showed cash outflows to other altcoins. Moreover, the latest growth in this altcoin market cap also witnesses the start of the alt season.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.