The wider ongoing surge in the prices of cryptocurrencies has brought most of its gains to altcoins, which are testing their resistance zones and exhibiting bullish patterns that are turning the heads of investors and analysts alike.
Despite the market experiencing a retracement this week, most altcoins demonstrated resilience, maintaining their strength. In particular, they appear well-positioned to initiate the next upward trend, per a post on X by crypto analyst Jelle on January 15.
“While the market pulled back this week, #altcoins held strongly. Looks more than ready to embark on the next run higher,” she said.
Picks for you
With these developments, Finbold analyzed the trends, news, and ongoing market movements to pick three cryptocurrencies for the end of this month that can provide interesting opportunities for investors.
Cosmos (ATOM)
With the ongoing altcoin season, some picks might be flying under the radar, which doesn’t mean they aren’t performing well.
One of the ecosystems poised for an upward trajectory is Cosmos (ATOM). In the case of ATOM, it is imperative to maintain a level above $8-9. The likelihood of surpassing previous highs and reaching $25 becomes apparent upon successful adherence to this level, as per crypto expert Michael van de Poppe’s post on January 14.
At the time of press, this digital asset was trading at $10.09, showcasing a decrease of -0.69% in the last 24 hours and gains of 5.10% in the previous week while losing -9.00% in the past 30 days.
BNB (BNB)
Being an official exchange token of the Binance crypto exchange is bound to have its advantages, and the recent performances of other cryptocurrencies transpired on BNB (BNB) as well.
After observing a pattern of five downward waves and a bullish divergence, a trade opportunity of approximately 40% unfolded successfully. Currently, attention is directed toward the emergence of a potential cup and handle pattern forming at $350, as per cryptocurrency expert CoinsKid’s post on January 15.
At the time of writing, BNB was trading at $314.84, marking an increase of 3.38% the previous day while gaining 4.01% weekly and 27.42% on the monthly chart.
Chainlink (LINK)
One of the stronger performers across the previous days has been Chainlink (LINK), which managed to surpass its resistance zone and build a healthy support level.
Chainlink has established a robust demand zone from $14.8 to $15.2, wherein 17,650 addresses collectively acquired 85.12 million LINK. Given the absence of significant resistance in the immediate future, Chainlink is potentially poised to advance towards the $20 mark, as per a post from crypto analyst Ali Martinez on January 15.
Meanwhile, LINK was trading at a price of $15.41, after an increase of 2.19% in the previous day and gaining 12.76% in the last 7 days, adding to a 5.97% increase in the last month, as per the latest data.
Only time can tell whether the altcoins season will allow these assets to break through their resistance levels and bring profits to their investors. Currently, the charts are green, and technical indicators are bullish.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
