Popular altcoins which had registered a decent price movement, a few days before, now appear to have been influenced by strong waves of this crypto winter
The investors do not appear to be keen on jumping in as the market remains largely consolidated without making an effort to breach these levels
The cryptospace had geared up significantly a few days ago, but the assets, primarily altcoins, have remained heavily consolidated in the last few days. Meanwhile, the Bitcoin price maintained a stagnant trend due to the fact that altcoins are unable to decide the next course of action. A popular analyst, Michael van de Poppe, pens down the possible price movements of some altcoins in a coming couple of weeks.
Quant (ONT)
- Quant maintained a notable upswing since the beginning of September, but the bears appear to have strengthened in the past couple of days that dragged the price lower
- The analyst believes the price may drop towards the lower support at $157.3 initially and try to attempt a rebound
- Meanwhile, if the asset fails to sustain at these levels, then a significant plunge may drag the QNT price lower to $142.7 levels
Chainlink(LINK)
- Chainlink price is trading within a pre-determined price zone for a pretty long time and is expected to kick off a significant upswing very soon
- After rebounding from the bottom the LINK price has surpassed the Stop-loss zone and may soon range high to reach the targets
- However, to do so, the LINK price is required to surpass the crucial price zones at $8 beyond which a notable upswing may rise the price beyond $10
Reserve Rights(RSR)
- The RSR price had rebounded from the lower support zone and laid down a firm upswing towards the interim highs
- Woefully, the bears dragged the price lower but the token managed to sustain above the crucial support zone and ignited a strong rebound
- The validation of the upswing could be when the price surpasses $0.00713 which may further induce a new impulse within the RSR price
Source: https://coinpedia.org/price-analysis/altcoins-to-plunge-hard-this-halloween-will-the-crypto-winter-freeze-the-holders-for-long/