The dark shadow still covers the crypto industry. While Bitcoin has slid downward, other Altcoins could have the uptrend in short time. In the scenario that Bitcoin still stabilizes its downtrend, Altcoins are the alternative solutions. Here are the top 5 altcoins that can bring a better investment in the near term.
The United States stock markets have witnessed the decline for the entire week as the result of worsening macroeconomic conditions in the recession period.
BTC would continue to the downtrend, reaching the lowest level since 2020. Both the bulls and the bears are competing to supremacy, increase the viability for the entire market.
Some investors may feel pity as they miss the bottom price. It’s not reality for all coins reaching the bottom price at the same time. That’s why traders should concentrate on their projects as well as accumulate their investment for at least a few weeks or months.
The BTC has defended the support zone from $18,626 to $17,622. On 25 Sept, the selling price is $19,720 at the 20-day exponential moving average.
The BTC/USDT trading pair could rise to the 50-day simple moving average (at $21,043). It means the buyers have to overcome this barrier to reach the goal of $25,211.
Even though the bears have the upper hand but positive divergence on RSI could be the signal for weakened bearish momentum.
ATOM holders are still remain positive sentiments as this coin has been trading above the breakout level of $13.46.
According to the TradingView 25 Sept, the 20-day EMA ($14.22) is balanced as well as RSI is near the midpoint. If price breaks above $15.26, buyers could have advantages. On the near time, the ATOM/USDT pair could move to $17.20. If price turns down and breaks below $12.90, the bears could have advantages. The trading pair could decline to $10.
Algorand (ALGO) could be the first coin that leg the uptrend.
If bulls flip $0.38 into support, it could be a new uptrend, and the trading pair ALGO/USDT could really up to $0.50.
If the prices slip below $0.38, it could be sunk to the 20-day EMA ($0.33), If the bears pull the price below $0.33, this trading pair could reach to $0.36.
CHZ has recovered significantly from June with the cleared resistance at $0.26 on 22 Sept.
The bears and the bulls are trying their best around the breakout level of $0.26. If the price turns up above this level, the pair could rally to the next resistance at $0.33.
On the other hand, if the price turns down below $0.26. traders should rush to the exit. In this situation, the bear could drop to the 20-day EMA ($0.23) and the 50-day SMA ($0.21)
The last trading pairs in the top 5 altcoins is QNT/USDT. Quant is trading above the moving averages and getting higher.
If the price turns down below $112, it could rally to the 20-day EMA ($106). Conversely, if the price turns up to $112, the pair could increase to $133 and later to $154.
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