Crypto market volatility appears to be making a comeback as the fourth quarter of 2023 begins. In fact, some altcoin projects are already making progress. Cryptocurrency analyst Akash Girimath says that three of these stand out.
This altcoin is showing tremendous strength: Chainlink (LINK)
cryptokoin.comAs you follow from , LINK price increased by 39% in September. Thus, it broke the 15-month resistance level around $7.80. This huge rise now faces a decision. This will either extend the move or retreat. Considering recent whale movements, a northward movement is likely. The $7.80 support level is a good place for a bounce that leads to a retest of the $10 psychological level.
A decisive monthly candlestick close below $7.50 would invalidate the bullish thesis as it would violate the support level. In such a case, it is possible for the altcoin price to revisit $7.
Radiant Capital (RDNT) price triggers breakout
The altcoin price broke out of a multi-month falling wedge setup that signaled the beginning of an uptrend. Moreover, RDNT bulls also surpassed the $0.250 barrier. If the level reached recently is maintained, it is possible for the altcoin price to reach the $0.297 and $0.334 hurdles. This represents an increase of roughly 15% and 28% from the current price of $0.261.
A breakdown of the $0.250 support base could increase the chances of re-entering the falling wedge setup. In such a case, RDNT is likely to revisit the September 30 low at $0.231.
this altcoin price silences bears: Floki Inu (FLOKI)
cryptokoin.comAs you follow from , FLOKI price increased by approximately 20% on September 30. However, he later reduced some of his earnings. Thus, it closed the daily candlestick with a return of 12%. Since then FLOKI is up about 10%. The altcoin is currently trading at $0.0000202. If this momentum continues, it is possible that meme-coin could revisit the $0.0000233 resistance level.
Regardless of the optimistic outlook, the bullish thesis will be invalidated if Floki Inu price breaks $0.0000160. With this move, FLOKI is likely to revisit the $0.0000152 lows for sell-side liquidity.
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