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Altcoins to Plunge Hard! Will the Crypto Winter Freeze the Holders for Long This Halloween?

5 d ago2 min readAltcoins
Altcoins to Plunge Hard! Will the Crypto Winter Freeze the Holders for Long This Halloween?

The cryptospace had geared up significantly a few days ago, but the assets, primarily altcoins, have remained heavily consolidated in the last few days. Meanwhile, the Bitcoin price maintained a stagnant trend due to the fact that altcoins are unable to decide the next course of action. A popular analyst, Michael van de Poppe, pens down the possible price movements of some altcoins in a coming couple of weeks.

Quant (ONT)

  • Quant maintained a notable upswing since the beginning of September, but the bears appear to have strengthened in the past couple of days that dragged the price lower
  • The analyst believes the price may drop towards the lower support at $157.3 initially and try to attempt a rebound
  • Meanwhile, if the asset fails to sustain at these levels, then a significant plunge may drag the QNT price lower to $142.7 levels
  • Chainlink(LINK)

  • Chainlink price is trading within a pre-determined price zone for a pretty long time and is expected to kick off a significant upswing very soon
  • After rebounding from the bottom the LINK price has surpassed the Stop-loss zone and may soon range high to reach the targets
  • However, to do so, the LINK price is required to surpass the crucial price zones at $8 beyond which a notable upswing may rise the price beyond $10
  • Reserve Rights(RSR)

  • The RSR price had rebounded from the lower support zone and laid down a firm upswing towards the interim highs
  • Woefully, the bears dragged the price lower but the token managed to sustain above the crucial support zone and ignited a strong rebound
  • The validation of the upswing could be when the price surpasses $0.00713 which may further induce a new impulse within the RSR price
  • Source

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