<

Top 4 altcoins to watch closely as the market shows recovery signs

Popular crypto channel CryptoBusy unveils with their subscribers top 4 altcoins to put on their radar as the crypto market on the recovery road with promising signals.

Ethereum (ETH)

First on the list is Ethereum (ETH). At the time of the video, ETH made a great push out to $3,433.

top-4-altcoins-to-watch-closely-as-the-market-shows-recovery-signs

As the analyst says, Ethereum left the major support and resistance levels untested early on. There are 2 levels to watch at $3,100 and $3,200.

The trader warns of a potential retest on that level at any point and the market are now coming into this key level of resistance or supply on the daily chart. Hence,  this may lead to a bit of a drop in price at $3,450 level. However, he highlights that if the bull can blast through that, $3,800 and possibly $4,000 are the next target.

“We are coming into the key level so I am expecting a little bit of price drop off. I‘m not expecting us to push straight through but if we do see that then we may see an even bigger continuation up to $3,860 or so.”

Cardano (ADA)

Next up is Cardano (ADA). ADA price had traced back heavily and was trading at $2,38 at the time of the recording, despite recent updates and releases.

top-4-altcoins-to-watch-closely-as-the-market-shows-recovery-signs

As the trader says, the next level of resistance is within the $2.33 and $2.44 and once ADA pushes into range, a price drop could happen, and that creates a potential buy zone of around $2.20 to $2.25.

Cosmos (ATOM)

The third coin is Cosmos (ATOM). ATOM came into the key level of demand at $32 and then pushed straight away to $40.4 at the time of the video.

top-4-altcoins-to-watch-closely-as-the-market-shows-recovery-signs

“Cosmos is one of those coins that we think is great on this channel. We think the blockchain that they have is pretty unmatched across the board and we see price pushing up higher and higher to new highs,”

As the price has not been higher than $45, the trader expects to see ATOM break that level in this bull cycle and then push up to $50, $60, and higher afterward.

“Like Solana how we saw it go from 77 to 216 in a matter of days, I think we may see something like that. I think Cosmos deserves to be a 100 coin at some point and I think that may even happen by the end of the year if we continue this bullish momentum,”

Vechain (VET)

Last is Vechain (VET). Similar to ATOM, VET touched the key level of demand at $0.081 and then pushed straightforward to $0.11 at the recording time.

top-4-altcoins-to-watch-closely-as-the-market-shows-recovery-signs

The trader says that he would like to wait and see how VET reacts to this level. If price then pushes up, we can see a continuation of the uptrend and can go straight up to 15.5 or beyond. However, if VET sees a steeper retracement, the price can move back to around 0.097 level, which is a good buying opportunity as suggested by the analyst.

Read more:

You might also like

LATEST NEWS

LASTEST NEWS