The post These Altcoins May Surge in the Next 24 to 48 Hours, Do You Have Some? appeared first on Coinpedia Fintech News
The crypto space appears to be gaining traction, as most assets are painted green. The global crypto volume has increased by more than 21%, assisting the BTC price to re-enter the $20,000 range.
Meanwhile, a couple of altcoins appear to have a high probability of going long in the next 24 to 48 hours. Some of them are listed below:
Maker(MKR)
Following a rejection in the middle of August, the Maker price has been trading within a parabolic curve to reclaim the levels along the neckline. However, the asset has been rejected once more, but this could be just another bullish sign. As the price has completed half of the Cup & handle pattern, a drop could complete the handle further.
As shown in the chart, the MKR price experienced a pullback, which appears to have triggered the pattern’s handle. As a result, the price may fall slightly below $1000, reaching $993 to $990 before experiencing a massive rebound.
With a rebound, the price may initially rise to $1329 and then surge beyond $1500, but it will likely remain trapped in the upper resistance zone between $1475 and $1537 for an extended period of time.
Quant (QNT)
Quant price has seen a significant increase in buying volume in the last few days, pushing it past $200. Unfortunately, due to intense bearish pressure, the asset has retreated and is now trading around $195. However, as long as prices remain above $190.4, the bulls are expected to seize control of the rally at any time.
The QNT price broke out of the ascending pennant much before reaching the apex of the triangle. The breakout not only lead the price beyond the resistance, but also enabled the price to test the upper crucial levels too.
As RSI had reached the overbought levels, the prices were expected to face a notable pullback. Hence after undergoing a significant pullback, the prices may soon range high & reach the desired levels above $220 very soon.
PancakeSwap(CAKE)
After a couple of massive drawbacks, the CAKE price has ignited a firm ascending parallel channel, testing the resistance & support levels frequently. Despite a notable bearish action, the asset remained within the channel maintaining a subsequent bullish trend ahead.
The CAKE price is currently trading between the 50-day and 200-day moving averages, which are acting as critical support and resistance levels. Once the asset has surpassed the 200-day MA, it may proceed to the channel’s critical resistance.
After trading outside of the channel, the CAKE price may gain significant bullish momentum, allowing it to continue its significant upswing.
