After a flourishing weekend, the bears have yet again jumped in to extract their profits and hence pulling down the entire crypto space. While some altcoins like Cardano showcase immense bullish trends, some prepare themselves to go parabolic and hit their respective highs as early as possible. Some of the promising altcoins are Zilliqa, Harmony(ONE), Decentraland(MANA), The Graph Token(GRT).
Zilliqa(ZIL)
Zilliqa had showcased the possibility of a rebound since the last few days of 2021, but all the profits went in vain as the asset began plunging back to its initial levels within no time. While the current asset had to recover from its losses, it began consolidating within healthy braces. However, with the price nearing the apex of the consolidation, a notable flip may be much anticipated ahead.
The asset is forming constant lower highs and lows since the beginning of 2022. While a decent flip prevented further dip, yet again the asset consolidated well and yet again marked the initial levels quickly. Currently, the asset is accumulating some strength and getting ready for a notable jump very soon.
Harmony(ONE)
The Harmony price has witnessed a decent surge since the mid of December 2021. However, the asset is currently consolidating within small braces showcasing possibilities of surging towards its highs close to $0.4 in the upcoming hours. The price in the past couple of days formed a new ATH and despite a minor pullback yet hovers along the same region.
Currently, the asset appears to be pretty much confident of the upcoming rally to discover new highs shortly. The ONE price is still trending within a rising channel which is pretty calculative. And hence the next ATH may be in between $0.4 to $0.45 which can be recorded very soon in the upcoming days.
Decentraland(MANA)
The MANA price made a monstrous presence a couple of months before and also fell halfway down quickly. Yet the recovery was also pretty huge which uplifted the price above the ATH close to $6. Woefully, the price shed most of its gains during the next trading month and to manifest a worst case, plunge heavily below the strong trendline.
After the recent crash, a steep ‘V-shape’ recovery was anticipated. However, without undertaking a steep recovery, the asset yet again underwent some ups and downs before testing the same support flipped to resistance levels. No doubt the asset has just been rejected a couple of times since the last trading day, yet the possibilities of breaking through these levels are notably high.
The Graph Token(GRT)
The GRT token is consistently failing to barge in through certain levels and due to which the price is facing extreme uncertainty of let. However, the plunge has not dragged the price notably down, yet has hampered the uptrend. The bears are currently super focused to drag down the asset firmly, yet the asset may break through the downtrend if certain levels are sustained firmly.
The GRT price is testing the lower support levels at $0.55 and attempting to undergo a notable flip. No doubt currently it may be pretty tough for the asset to break through the consolidation but may range high try slowly yet steadily.
Altcoins are currently attempting to rebound with notable numbers, regardless of whether the popular cryptos are surging or plunging. While Bitcoin and Ethereum maintained a narrow trend, many altcoins may range high to mark the beginning of the Altseason very soon.
Source: https://coinpedia.org/altcoin/amid-the-current-narrow-trend-these-altcoins-may-rebound-a-strong-rebound/