Altcoins
These Altcoins Show Bullish Signals as Bitcoin Faces a Crunch
Crypto analysis company Holiness has identified promising signals for some altcoins.
“Altcoins with extremely low funding rates are a great signal to invest in crowd FUD right now,” Santiment said, citing the latest data.
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Second For Santiment, three assets particularly stood out on Binance due to strong short-selling activity: Balancer BAL/USD, Chromia CHR/USD and Swift CELR/USD.
Santiment said these short positions could trigger price increases in the event of a squeeze, as short liquidations often fuel rapid upward moves.
Meanwhile, pseudonymous cryptocurrency analyst NotAlt It has provided Insights in BitcoinThe potential BTC/USD price trajectory of ‘s states, “Invalidation is above $63,000, $64,000. As the time we start to close above [$63,861]I think it’s just going to go back to $80,000… Like in the beginning, all-time high and then $80,000, $90,000, $100,000.”
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However, DonAlt also warned of potential downside risks, noting: “If this [$56,500] support fails, first [it is to] $52,000.” He also outlined a bearish scenario where a break below key support levels could lead to a “full capitulation” towards $40,000.
This combination of bullish signals from altcoins and the precarious position of Bitcoin has created a complex market environment, with investors closely watching both large- and small-cap cryptocurrencies for potential opportunities.
In light of these dynamic market conditions, the next Benzinga The Future of Digital Assets The event of November 19th takes on an even more significant meaning.
This conference promises to bring together industry leaders, investors and analysts to discuss the latest trends and cryptocurrency industry forecasts.
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Image: Halfway