The crypto market showed a limited favor to the bulls last week. However, some subcoins, such as Avax Coin, continue to earn earnings with the effect of external developments. Others are approaching the highest levels of all time by maintaining the rise trend. Crypto analyst Aaryamann Shrivastava identified three important Altcoins ready for important movements in the next seven days.
Altcoin in the first row: Avalanche (Avax Coin)
Avax Coin is preparing to open a significant fluctuation this week, where the lock of 1.67 million token, which has a value of over $ 42.5 million. Opening of the token lock activities usually affect the price movement because they provide additional liquidity. Historically, Avax Coin saw the rise acceleration before the traders’ increasing expectation of activity. Altcoin, which is currently traded for $ 25,44, is only 5 %away from overcoming $ 26.95. If this level is taken back as support, AVAX rises to the critical barrier of $ 31.15 and can reinforce investor confidence.
AVAX Price Analysis. Source: TradingViewHowever, the inability of $ 26.95 dollars may trigger the decline response. AVAX may decrease to $ 22.70 if the token lock does not pose sufficient purchase pressure. Further down to this support can expand the losses, shift sensitivity towards cautious, and delay a possible recovery in the short term.
Mantra (OM) comes in the second place
The OM maintained its flexibility in the midst of the decrease market conditions, avoiding sharp corrections. Currently traded for $ 6.15, Altcoin showed a strong price stability. This performance separates the OM from other crypto coins struggling to maintain key support levels. The OM maintains $ 5.65 support, while currently $ 6.48 is less than 5 %to the highest level of all time (AD). Altcoin seems to be ready to overcome this obstacle by creating a new AC this week. Strong purchase pressure and favorable market conditions can attract more investors by attracting more.
OM Price Analysis. Source: TradingViewHowever, going below $ 5.65 may invalidate the rise appearance. If the sales pressure increases, the OM may fall below $ 5.00 and give a signal of change in the momentum. Such a movement may delay a possible recovery in the short term by weakening investor confidence and push the price to the decrease phase.
Altcoin in the last row: Thorchain (Rune)
Rune is preparing to face the acceleration of the rise this week under the influence of the upcoming V3.20. This update will permanently remove the “mimir” key, which has long been the subject of a discussion within the Thorchain community. With strong community support for update, Rune’s price can benefit from the sense of rise. If the purchase pressure increases, the crypto currency may break the resistance of $ 1.39 and increase to $ 1.70. This movement will reinforce the trust of Thorchain’s long -term development and governance improvements, indicating an increase of 30 %.
Rune Price Analysis. Source: TradingViewHowever, the inability to overcome the $ 1.39 resistance to $ 1.39 may reduce rise momentum and lead to a potential price decrease. If the sales pressure increases, Rune may decrease to $ 1.11 and delay recovery efforts. This scenario can change market sensitivity and refer investors to cautious trading behavior in the short term.
The opinions and estimates in the article belong to analysts and are definitely not an investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
