Price Breakout or Pullback Ahead?

With the BTC price stabilizing above the $63,000 level, top cryptocurrencies have regained momentum with major altcoins breaking out of their respective resistance levels. Moreover, mid-cap altcoins have recorded high gains, raising speculations of a potential Altseason. 

Planning on investing in altcoins but confused about which one to stack? Dive in as, in this article, we have covered the price analysis of Fantom (FTM), ImmutableX (IMX), and Helium (HNT) for the upcoming weeks.

Fantom (FTM)

The FTM price has added 1.43% in the past 24 hours with a trading volume of $166.030 million. Further, it has jumped ~15% over the past week and 30.80% during the past 30 days. Notably, it has rewarded its long-term investors with a YTD return of 27.52%.

The Simple Moving Average (SMA) constantly acts as a support to the Fantom price chart in the 1D time frame. Moreover, the RSI indicator is hovering close to its overbought range. This suggests a positive outlook for the altcoin during the upcoming week.

Suppose, a bullish reversal occurs, in that case, the FTM price could head toward its upper resistance level of $0.840. On the flip side, if the bears continue gaining momentum, the price could plunge toward its support level of $0.5375.

ImmutableX (IMX)

Despite recording a drop of 2.36% in the past day, the IMX price has jumped 22.36% over the past week. Moreover, it has added ~20% to its valuation over the past month. Notably, with a market capitalization of $2.828 billion, it has secured the 36th position in the market.

The MACD indicator shows a constant rise in the green history with its averages showing a bullish rise. On the other hand, the EMA 50/200-day has recorded a bullish curve in the 1D time frame. Further, this highlights a high possibility of a Golden Cross.

If the market continues trading under a bullish sentiment, the IMX price could head toward its upper resistance level of $2.470 during the upcoming time. Conversely, a bearish action could pull the price toward its low of $1.464.

Helium (HNT)

With a jump of 8.56% over the past week, the HNT price continues trading within the expanding channel pattern. Notably, the altcoin has been trading in this pattern since July, indicating a long-term bullish sentiment for it in the market.

The RSI indicator has recorded a sharp drop toward its neutral point in the 1D time frame. However, the SMA acts as a support. This suggests a mixed sentiment for the Helium coin price in the coming time.

If the bulls regain momentum, the Helium price may break out of its resistance level of $8.010 and be headed toward its upper resistance level of $9.510. However, if the bearish sentiment intensifies, this could result in it retesting its low of $6.525.

Curious about Helium’s future? Read our Helium (HNT) Price Prediction for price targets!