Crypto analysts are predicting bullish trends for altcoins such as Chainlink (LINK), Stellar (XLM), and Axie Infinity (AXS). According to analyst David, the price of LINK has formed a bullish signal and is likely to rise soon. Traders have been actively defending the support level of the $5.5 to $9.5 range for the past two weeks, indicating a potential rebound. The nearest resistance level to watch for is $8.5. However, if the price breaks below $5.83, the short-term bullish view will be invalidated and the price may decline to $5.5.
Analyst Jakub Dziadkowiec predicts that XLM has entered a bull Market. The Altcoin Price has experienced two bull markets in the past, reaching all-time highs of $0.93 in early 2018 and $0.80 in May 2021. The monthly candles closed around the $0.53 region in both cases, which now serves as long-term resistance and the target for the next bull market. If XLM rises to this area from its current value of $0.12, it would represent a 350% increase. The ascending long-term support line and the formation of a long-term hidden upward deviation further support the bullish outlook for XLM.
On-chain data shows that AXS whales, who hold between 100,000 and 1,000,000 coins, have been buying AXS since August 16. They added 1.63 million Tokens to their cumulative balance between August 16th and August 30th, worth approximately $8 million. AXS is currently Trading around $4.91, and if the positive trend continues, it is likely to make more gains in the coming weeks.
Overall, these analysts provide bullish arguments for the price movements of altcoins such as LINK, XLM, and AXS. However, it’s important to note that cryptocurrency markets are highly volatile and subject to rapid changes. Investors should conduct their own research and exercise caution when making Investment decisions..
#Altcoins #Gearing #Analysts #Announce #Targets
Analyst Jakub Dziadkowiec predicts that XLM has entered a bull Market. The Altcoin Price has experienced two bull markets in the past, reaching all-time highs of $0.93 in early 2018 and $0.80 in May 2021. The monthly candles closed around the $0.53 region in both cases, which now serves as long-term resistance and the target for the next bull market. If XLM rises to this area from its current value of $0.12, it would represent a 350% increase. The ascending long-term support line and the formation of a long-term hidden upward deviation further support the bullish outlook for XLM.
On-chain data shows that AXS whales, who hold between 100,000 and 1,000,000 coins, have been buying AXS since August 16. They added 1.63 million Tokens to their cumulative balance between August 16th and August 30th, worth approximately $8 million. AXS is currently Trading around $4.91, and if the positive trend continues, it is likely to make more gains in the coming weeks.
Overall, these analysts provide bullish arguments for the price movements of altcoins such as LINK, XLM, and AXS. However, it’s important to note that cryptocurrency markets are highly volatile and subject to rapid changes. Investors should conduct their own research and exercise caution when making Investment decisions..
#Altcoins #Gearing #Analysts #Announce #Targets
