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The cryptocurrency market has entered a cold winter, and this month usually experiences downward price pressure. Popular tokens fluctuate violently, causing shocks to the entire market. However, some mid-cap altcoins are still holding on to the accumulation zone, indicating that a breakthrough may come in the next few days.
Near Protocol (NEAR)
Near Protocol’s trading patterns show both bullish hopes and bearish risks. While the recent pullback dragged the price below the range, bulls quickly stepped in and pushed the price back up, indicating that the upward trend is expected to continue.
NEAR price has successfully returned to the triangle range, and despite the huge selling pressure, the rebound is expected to attempt to conquer the $4.5 resistance level. MACD shows a bullish crossover, although this trend has not yet been fully confirmed. Therefore, there may be a small consolidation in the short term, followed by further upward movement of the price and challenge the breakthrough of $6.
Litecoin (LTC)
Litecoin price is near the bottom of a downside consolidation but is still showing a bullish trend. A key resistance level was recently breached which could spark a strong rally as technical indicators have turned in favor of the coin. LTC price has now touched the lower Bollinger band and remains parallel to the upper band.
This suggests that volatility is waning and further squeezes may be in the future. Meanwhile, the MACD, while still in negative territory, is trending bullish. If the price can maintain a short consolidation, Litecoin is expected to break out of the falling wedge and enter the $66-$67 resistance zone. As the next quarter begins, market sentiment may push the price above $75.
Injective (INJ)
Injective’s price action is similar to Litecoin’s, also in a falling wedge pattern, but INJ has already broken out of this range. Although previous attempts resulted in false breakouts, this breakout of the temporary resistance zone is expected to reduce the likelihood of a bearish pullback.
The RSI shows that the price is trading within a symmetrical triangle, which generally means an increase in bullish volume. With further accumulation in the RSI, the price is expected to consolidate above the $18.23 to $18.76 support zone. If the $28.05 to $28.90 resistance zone is broken, INJ could climb to $30 in the fourth quarter.
Chainlink (LINK)
Chainlink’s price action formed a head and shoulders pattern and is currently close to breaking below the neckline just below $10. However, the bulls have managed to hold on to the gains and have fueled a strong rebound. Although it has not yet broken out of the critical range, the coin shows the potential to break out to $15.
As shown in the figure, the price rebounded from the support area and if the bullish trend is further confirmed, a double bottom pattern may be formed. MACD is gradually turning bullish and may even enter the positive zone, thus strengthening the bullish expectations. Therefore, LINK price is expected to soar and touch $15 after the crypto winter ends.
