- AR, RNDR, and LINK are approaching key trendline breakouts, signaling potential gains.
- A breakout from trendline resistance could lead to major gains in AR, RNDR, and LINK.
- AR targets a 260% rise, with RNDR and LINK aiming for 108% and 37% gains, according to the analyst.
Several altcoins, including AR, RNDR, and Chainlink, have shown promising signs of a potential breakout, according to recent analysis. These assets are currently trading below key trendlines, namely the Dollar Cost Averaging (DCA) zones, and a decisive move above these levels could trigger strong price actions.
Arweave (AR): Potential for a 260% Surge
Arweave (AR) has been trading within a descending trendline, with its price currently around $20.15. While the downtrend that began in May persists, the token is nearing a crucial support zone. Analysts suggest that a breakout could propel AR towards a target of $70, representing a remarkable 260% gain. Many consider AR to be in an accumulation phase as the trendline resistance tightens.
A confirmed break above the trendline could ignite strong buying activity. The chart highlights a substantial upward target, but the token ne…
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Source: https://coinedition.com/3-altcoins-on-watch-ar-rndr-and-link-approaching-breakout-levels/