Here Are the Altcoins That Withstood the Recent Crash and Are Preparing for the Next Bullish Move!
Zcash (ZEC)
The latest bearish action had whipped out more than $600 billion from the crypto markets, but ZEC’s price faced marginal loss. Moreover, the recent rebound has recovered more than 95% of the losses which makes the crypto one of the most sustainable altcoins.
Now that the price continues to trade within a bullish pattern, a breakout may not only attract huge profits but also assist the price to form new yearly highs.
The ZEC price remained strong against the bearish forces while the market collapsed, a couple of days before. However, the RSI held the average bands firmly which helped the price to remain within the bullish range, in a bull flag.
The bears appear to have capitulated on the upper resistance of the channel as the price is facing upward pressure after rising over $34. Meanwhile, breaking above the range may pave the way for a new yearly high above $36 which may kick-start a fresh bullish range.
Aave (AAVE)
Being a little different from the above-mentioned altcoins, the AAVE price maintained a steep ascending trend regardless of the bearish forces that acted in between.
Even though the market crashed heavily, the token held the lower support finely which assisted the token in triggering a fine rebound.
However, the bulls appear to have fallen weak which may drag the levels slightly lower, but it may result in a catapult action very soon.
As seen in the above chart, the AAVE price sustains within the rising wedge and hence is expected to maintain an ascending consolidation to reach the upper resistance.
The token reclaimed the 3-digit levels as the RSI held the lower trend line finely, even in times of extended bearish heat. Therefore, the Aave price is believed to drop slightly below $100, which may trigger a huge rebound with a bullish continuation to $120 in the coming days.
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