Top Altcoins to Watch as Bitcoin Price Makes New ATH at $80,000
To keep the ‘Uptober' vibe alive, crypto markets are gearing up for a monthly rarity. Bitcoin price made a new monthly high at $71,587, indicating that the price may make a new ATH in the short term. According to industry experts, the next peak could be around $78,000 to $80,000 before the end of the year. In such a situation, the altcoins described below, which are highly consolidated, are believed to experience a major explosion.
Uniswap (UNI)
Uniswap price is trading in a critical symmetric triangle and is headed for a peak in the short term. The 50-day MA is offering strong resistance, which must be breached to continue the bullish trend. Bollinger Bands have also started to tighten, suggesting that a significant drop in volatility may lead to volume compression. The weekly RSI is higher and a breakout between the bands will allow the price to break above the triangle resistance and reach double digits.
Litecoin (LTC)
The price of Litecoin is showing enough strength that it is stuck in an ascending parallel channel, the recent breakout has helped the price rise above the 200-day MA and the daily close above $74 confirms the continuation of the breakout trend. The RSI is higher and holds the lower support, showing that the bulls have a strong hold on the rally, therefore, it is believed that the price of LTC will continue its downward trend and reach the temporary resistance of $76.25, which can push it to reach levels above $78. 80 dollars, which could make a nice improvement in the future.
Hurricane (AVAX)
Avalanche (AVAX) price recovered from the low support and has maintained a strong uptrend since then. The RSI has also reversed below, while the MACD shows that the selling pressure is likely to cross sharply. Therefore, the value of AVAX is believed. After consolidating for a while to trigger a 10% rally and break into a critical resistance zone between $29.16 and $29.68, it could soon rise above $30. However, once the price confirms above the range, the token may start to regain the lost levels for the rest of 2024.
