The post Altcoins That Display a Potential to Rise Beyond 100% in Q1 2023 appeared first on Coinpedia Fintech News
The crypto markets have been fueled with significant bullish momentum for the past few days that has ceased the bearish impact to some extent. While they may certainly continue to haunt the rally, some of the altcoins flash acute bullish signals and range heavily in the coming days.
A popular analyst list 2 altcoins, Chilliz (CHZ) and Avalance (AVAX) that display the potential to be the 100x gem in the coming days.
Chiliz’s price underwent a gigantic rally in 2021 surging by 5500% in just a couple of months. Undoubtedly, the price entered a steep bearish trend and marked the lows, yet flashes significant bullish flags in the coming days. The analyst here refers to a similar pattern forming which had raised the price heavily in the past. If the pattern repeats, then the price is believed to rise to hit $0.24 by the end of Q1 2023.
“Chilliz (CHZUSDT) is trading within a higher low compared to June last year.
Within this higher low, we have a break above EMA10 and EMA 21 as the daily trading volume starts to increase..
The rest of the cryptocurrency market is also growing an altcoins such as Ethereum Classic and BitDAO already moved ahead.
This pair is likely to follow,”
The Avalanche price also underwent a monstrous rally by surging beyond 6000% until it marked the high in November 2021. Since then, the price has drastically plunged and has been trading heavily along the lower support just above $10 for quite a long time. However, after an extended consolidated trend, the price may explode to mark highs above $20.
“AVAX has broken out of local downtrend.
AVAX printed a cup pattern.
AVAX is trading above EMAx10, EMA21 and EMA50.
AVAX has a strong RSI,”