Altcoins are active again as Bitcoin USD rises The recovery of 62,019 has triggered a sharp rise in some cryptocurrencies. Recent data has eased recession fears and brought positive sentiment to risk markets. These coins have the potential to create immeasurable wealth for you in the bull market. Here are my thoughts on them;
1. Chilez (CHZ)
Binance has issued a risk warning for CHZ Coin due to changes in its tokenomics. As the leading fan token on the market, CHZ Coin has monopolized its category by reaching agreements with various teams. However, the price has not reflected this strength for a long time. Currently, CHZ Coin has support at $0.0588; if BTC price continues to rise, it may try to reach $0.071. If there is a decline in the next few days, the closing price will fall below the channel support level, with a target price of $0.0516.
2. LUNA coin analysis
Volatility continues, and long-term hopes for LUNA Coin are fading. Terraform Labs seems to be nearing the end of its road. After the company went bankrupt, it lacked sufficient assets to pay customers and the SEC. LUNA Coin, which attracted speculative investors, tried to reach $0.5075 by the end of September but formed one of the expected upper shadows. If BTC shows weakness in the coming days, it would not be surprising to drop to $0.3050.
3、Avalanche（AVAX）
It is one of the altcoins that has fallen rapidly. AVAX has rebounded and is up 8% today and could see further gains to $28. If it can close above the key level, we could see a move between $33 and $50. In a bearish scenario, the bottom at $20.57 could be tested.
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