Altcoins are creating some buzz in the cryptocurrency market. Several mid-cap tokens are showing signs of a potential breakout. As the crypto winter ends, investors are looking at these possible hidden gems. Let’s look at some mid-cap altcoins that might soon see significant gains, along with a price analysis.
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Mid-cap Altcoins Ready to Surge: A Comprehensive Price Analysis
Source: Pexels
Recent data points to several mid-cap altcoins preparing for significant price increases. We’ll examine four altcoins that market watchers are paying close attention to.
1. Near Protocol (NEAR) – Scalable Smart Contracts
Source: CoinDCX
NEAR is trading in a clear pattern. Its price dropped recently, but buyers have pushed it back up, suggesting a possible upward trend.
Analysis shows NEAR moving back into a triangle pattern. The price could reach $4.5, with a possible jump above $6.
2. Litecoin (LTC) – Silver Altcoin
Source: Blockmine
LTC is nearing the end of a downward trend within a bullish pattern. Its price has hit the lower Bollinger Bands. This could lead to a quick price move.
After a brief stable period, Litecoin might break above its current pattern. It could enter a price range between $66 and $67. Market changes in Q4 could push LTC over $75.
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3. Injective (INJ) – Decentralized Trading Altcoin
Source: Bitcoin Sistemi
INJ is in a falling wedge pattern but has broken out of its usual range. Its RSI is in a triangle shape, which often attracts buyers.
The price will likely stay above $18.23-$18.76 for now. In Q4, INJ could reach $30 after passing the $28.05-$28.90 mark.
4. Chainlink (LINK) – Oracle Network
Source: Binance Academy
LINK formed a head-and-shoulders pattern but bounced back from below $10. This bounce could confirm a double-bottom pattern. The MACD is slowly becoming positive.
This supports a possible rise to $15 as the crypto market improves.
Also Read: Toncoin (TON) Defies Market Trend, Predicted To Hit All-Time High
These mid-cap altcoins offer exciting options in the changing cryptocurrency market. However, remember that crypto prices can change quickly.
Technical analysis helps, but unexpected events can always affect altcoin prices.