The crypto markets are trying to get stabilized after a massive downfall as the volume continues to rise to some extent. With this, the Bitcoin price is trying hard to reclaim the crucial resistance at $98,000, which may turn the tables for the token as well as the entire crypto market. In the meantime, here are some of the altcoins that seem to be prepared for a breakout soon.
Hedera (HBAR)
- HBAR price is trying to rise after rebounding from the lower support of the falling wedge while the technicals display a mixed reaction
- The Ichimoku clouds have turned bearish, with the baseline & conversion line undergoing a bearish crossover
- Besides, the RSI displayed a bullish divergence, which suggests the price may continue to maintain a healthy upswing
- Therefore, the price may find some turbulence in surpassing $0.25, but once done, a rise to $0.27 could be imminent, which may further push the price towards the resistance zone between $0.28 and $0.285
Ondo (ONDO)
- The latest rounds of Trump’s World Liberty Financial buying ONDO have offered a strong boost to the token
- The price has rebounded from the support of the decisive symmetrical triangle and is about is test one of the pivotal resistances that could further push the price towards the crucial resistance zone
- Interstingly, the DMI is closer to undergoing a bullish crossover and the RSI is rising above average levels.
- Hence, the ONDO price is believed to keep up the bullish momentum and eventually test the upper targets in the coming days and reach $2 shortly.
Quant (QNT)
- The QNT price seems to have shed all its gains, but before marking the lows, the bulls triggered a strong rebound
- The price found its base at the 200-day MA, which could push the prices higher while the volume is trying to rise above the average range
- Meanwhile, the traders continue to accumulate as the levels display bullish divergence, which is about to reach a million
- Therefore, the ONT price may gain some strength and rise above $100 to test the 50-day MA at $108 and secure $110.
