Top Altcoins Capturing Silver’s Rebound This September!
With Bitcoin price retesting the low support level of $57,000 in the early Asian trading hours, the crypto market recorded a high volume in the previous day. Moreover, this star crypto has created a FOMO-like situation among investors regarding the short-term price action.
However, many investors see any movement as a good opportunity to stockpile more altcoins for the expected long AltSeason.
We have covered the top 3 altcoins that have the potential to register a strong bullish recovery in their respective portfolios in the coming weeks, enter this article.
Dogecoin price records with an intensive match function
The price of DOGE decreased by 1.93% in the last day and traded at $520.196. Furthermore, with a decline of 18.89%, this memecoin is currently valued at $0.0968 and ranks 8th in the global crypto-list with a market capitalization of $14.123 billion.
The 50-day EMA has consistently served as resistance for the DOGE price chart in the 1D time frame. Additionally, the RSI has shown a downward trend. However, the moving average trendline shows a strong rally potential, suggesting mixed price sentiment.
If the market pushes Doge memecoin above the resistance level of $0.101, it is set to test the high of $0.127 this month. On the contrary, if the bears continue to increase, this memecoin will go down to the critical support of $0.0780.
Chainlink's price breaks the important support trend.
LINK coin price has been continuously trading under a descending triangle since June. Additionally, it fell 12.31 percent last week and 15.11 percent in August. With a YTD return of (-) 28.18%, it has earned the title of the 14th largest cryptocurrency with a capitalization of $6.5 billion.
The Moving Average Convergence Divergence (MACD) in the green histogram shows a continuous decline and the probability of a converging is high. Additionally, the SMA records a bearish curve. This indicates that the price loss may continue this week.
If the market gains momentum, the LINK price will break out of the opposing trend line and reach the high resistance level of $14. On the downside, a bearish price trend could cause this altcoin to test a new yearly low.
Near the protocol price to test the critical support level?
Despite the increased price volatility in the crypto market, NEAR price decreased by 19.62% in the last week. It has also consistently recorded lower highs indicating an increasing bearish sentiment in the crypto market.
Technical indicators EMA 50/200-day and MACD both recorded price action in the 1D timeframe. This indicates an increase in selling-to-buying pressure for altcoins in the crypto market.
If the market holds the price of the near-term protocol above the $3.70 support, the bulls will regain momentum and push the price to a high of $4.925. Conversely, if the bears beat the bulls, the NEAR crypto price will test the low of $2.615.
