Here is a list of cryptocurrencies that showed top performance with the current bullish sentiment in the market.
Posted 2 hours ago
As the cryptocurrency market tilts towards its traditional โUptoberโ rally, a bullish atmosphere is taking over, led by the largest cryptocurrency. Bitcoin with its significant profits. This renewed buying pressure is spilling over into the altcoin sector, with certain tokens posting the biggest weekly gains. Therefore, if the bullish momentum persists, these tokens will be better positioned to stage a sustainable rally.
Also read: Bitcoin Core Dev Walks Away Over Lightning Network Security Issues
Bitcoin SV Price Analysis: Minor Pullback Possible Before Next Jump
Source- Tradingview
During the last five months, the Bitcoin SV Price has witnessed a bullish recovery rally under the influence of an ascending trend line. Amid this rally, the coin's price rebounded several times from the trend line, reflecting that buyers were buying aggressively on the dip.
On October 16, the coin price witnessed its latest reversal from this dynamic support, leading to a 66.5% surge to reach the $56.3 resistance. However, with a 12% intraday loss, the daily chart shows evening star reversal patterns indicating that the coin price may revisit the lower trend line, recording a potential 20% retracement.
However, until this trend line is intact, BSV price may prolong the recovery rally.
Solana Price Analysis: Will $SOL Break the $30 Mark?
Source- Tradingview
Driven by the overall bullish sentiment in the crypto space, the solana price gave a decisive breakout from the neckline resistance around $24.6, completing an inverted head and shoulders pattern. In theory, the bullish reversal setup It is commonly observed at the bottom of the market, offering a significant rebound in price action.
So far, the post-breakout rally has pushed the coin's price up from $24.7 to the current trading price of $28.4, representing a 14.5% gain. In response to this reversal pattern, bulls are expecting a rally to the $32 mark, indicating a potential gain of 12.5%.
Chainlink Price Analysis: Bullish Pattern Hints at New Uptrend
Source- Tradingview
During the weekend, the chain link price rode the wave of the โUptober effectโ in the cryptocurrency market, experiencing an impressive 27% rise from $7.26 to $9.27. This rise was particularly notable since marked a decisive break of a falling wedge pattern that has been shaping the LINK price trend since May 2022.
The breakout occurred on October 21, suggesting the end of the asset's accumulation phase and signaling the start of a new bullish rally. The breakout of the falling wedge pattern points towards an optimistic price target of $12.6, which would represent an additional 36% gain.
The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
