Altcoins to watch this week! ADA, LINK and QNT might be the best bet


Gimbal (ADA)

Cardano price breaks out of the bearish descending triangle and shows a strong tendency to surge higher. However, the breakout is still unconfirmed as the bears are using all their resources to keep the price bound below $0.55. However, a clear break above certain levels could validate the uptrend ahead.

ADA price is currently breaking out of the triangle, but due to the lack of buying pressure, the possibility of a counterfeit seems quite high. Therefore, a daily close above $0.57 can lift the price beyond the range of the bears and pave the way towards the crucial resistance above $0.64.

Chain link (LINK)

With the start of a bullish week, the Chainlink price also rose significantly. The asset broke out of the pattern and rose, indicating the resurgence of an uptrend. Therefore, the asset could be primed to rise more than 8% to 10% to hit double digits soon.

link price

LINK price has currently broken through the symmetrical triangle long before reaching the top of the triangle. Therefore, the rally might be more inclined to lose most of the gains and re-enter the consolidation phase. Later, the asset can maintain an accumulated consolidation throughout the week and quickly break out after reaching the top.

Quantity (QNT)

Quantitative prices have remained heavily depleted since the start of 2022 and have reached lows near $40 in the recent past. However, the asset quickly rebounded and jumped significantly from the lows to reach current levels near $130.

qntprice

QNT price recorded consecutive green candles, with a sudden spike in buying volume. Currently, the price appears to have reached daily highs and a noticeable squeeze can be expected. Therefore, a minor pullback below $125 can induce catapult action to propel high near $150.

Collectively, altcoins appear to be at the foot of a noticeable rally that could induce a significant uptrend. As long as the price of Bitcoin (BTC) remains high above $24,400, the possibility of a notable upside seems high.

Was this writing helpful to you?

Previous State investment spending slows in Q1 amid delayed market borrowing
Next Ponzi scheme sentences ex-West Chester financial adviser to five years in prison