Top Coins Traders Are Watching as Fear Keeps Volatility Contained
Amid market uncertainty, certain cryptocurrencies are gaining attention. Traders are closely monitoring specific digital assets that show potential for significant movement. With fear influencing the market, these standout coins could be poised for growth. This article delves into which cryptocurrencies might emerge as winners in this volatile landscape.
Avalanche (AVAX) Shows Signs of Growth Amidst Current Market Fluctuations
Source: tradingview
Avalanche is trading between around $13 and $15. The coin is on an upward path as it climbs by over 11% in the past week. Looking at the current situation, the coin could experience further growth. If it breaks the $15 mark, the next target is close to $16. A further rise to about $18 might be possible if momentum continues. This could mean an increase of roughly 40% from current levels. Despite a dip over the last six months, current trends suggest renewed interest. Keep an eye on movement past the $12 mark to avoid potential drops.
Cosmos (ATOM) Shows Steady Recovery with 22% Weekly Jump
Source: tradingview
Cosmos (ATOM) is trading between $2.05 and $2.49, showing a positive shift with a 22% increase over the past week. This jump suggests a potential rally towards its nearest barrier at around $2.64. Breaking this threshold could open a path to the next zone near $3.08, marking about a 23% climb from its current range. Although ATOM has seen a decline of nearly 48% over the last six months, the recent movement indicates a possible trend reversal. With support pegged at $1.75 and RSI under 50, there's room for upward motion if buying interest remains strong. If the momentum holds, Cosmos could see progressive recovery in the short term.
Quant Crypto Shows Signs of Recovery Despite Recent Decline
Source: tradingview
Quant (QNT) is currently priced between about $69 and $84. It has shown a small climb of over 7% in the past week but faced a larger drop of more than 13% over the last month. The price is well below its 10-day and 100-day simple moving averages. The next key resistance level is near $91, and support is around $61. The coin could potentially rise by about 30% to reach its second resistance at $105 if momentum builds. However, the relative strength index shows it may be oversold, suggesting potential for some recovery in the near term.
Conclusion
AVAX, ATOM, and QNT are gaining attention due to their potential and stability. Traders are keen on these coins as they show promising performance despite market fears. Their strong fundamentals and recent developments make them noteworthy. These coins are being closely monitored for future growth.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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