Why you should watch LINK, ONE, HNT, FLOW

Bitcoin’s (BTC/USD) rallied to above $38,500 on Saturday, but sustaining higher levels hasn’t been easy. The flagship crypto’s sentiment has closely followed the U.S. equity markets over the past few days. According to analysts cited by CoinTelegraph, a near-term relief bounce is possible.

They add that there could be a potential change in the higher time frame trend from bearish to bullish. Here are some other coins to watch this week.

LINK

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Chainlink (LINK/USD) has been trading between $15 and $36 over the past few months. Several efforts to move out of the range have failed. This shows bears are selling at the resistance level and bulls are buying at the support one.

The price dropped below $15 on a number of occasions over the past several days, but lower levels could not be sustained. This drew aggressive buying in an attempt to push the price above the 20-day EMA ($18.91). If this happens, the LINK/USDT trading pair could reach $25.

ONE

Harmony (ONE/USD) has been trading between $0.16 and $0.36. The price has rebounded off the support and the bulls will now attempt to push the ONE/USDT trading pair above $0.19. If this happens, the pair could reach $0.23. Then, bears might provoke resistance.

Harmony could rally to $0.28 this week. The bears will try to pull the pair below $0.16 if the price begins to decline.

HNT

Helium (HNT/USD) plummeted ten days ago, but lower levels could not be sustained. Bulls were quick to buy the dip to $20, hiking the price back up. HNT peaked at $28.84. Over the last three days, the token has been trading between the moving averages.

However, experts predict this tight-range trading will be short-lived. Bears could be losing their hold as the price broke out of the downtrend line. The HNT/USDT pair could drop to $24 if the price drops below $26.

FLOW

Flow (FLOW/USD) has exhibited a notable downtrend in the past few months. Bears couldn’t build on the advantage of pulling the price below the strong support at $6 on Jan. 22. Bulls hiked it above $6.41 today. The trend might change if they sustain the price above the resistance level.

There are signs that bulls are on a comeback, but if the price falls below the $6 support, it will mean bears are still selling aggressively at higher levels.