The cryptocurrency markets are in a state of recovery following a significant downturn, with trading volume showing signs of improvement. Bitcoin is currently struggling to break through the key resistance level of $98,000, which could have a significant impact on both the token and the broader crypto market. In the meantime, here are some altcoins that appear poised for a breakout in the near future.
Hedera (HBAR)
- The price of HBAR is showing signs of upward movement after bouncing back from the lower support of the falling wedge, although technical indicators are mixed.
- The Ichimoku clouds have turned bearish, with the baseline and conversion line experiencing a bearish crossover.
- Additionally, the RSI has shown a bullish divergence, indicating that the price may continue to rise steadily.
- As a result, the price may face some resistance in surpassing $0.25, but once it does, a move to $0.27 could be on the cards, potentially pushing the price towards the resistance zone between $0.28 and $0.285.
Ondo (ONDO)
- The recent investments by Trump’s World Liberty Financial in ONDO have provided a significant boost to the token.
- The price has bounced back from the support of a key symmetrical triangle and is now testing crucial resistance levels that could lead to further gains.
- The DMI is on the verge of a bullish crossover, and the RSI is rising above average levels.
- Therefore, it is expected that the price of ONDO will maintain its bullish momentum and potentially reach $2 in the near future.
Quant (QNT)
- The price of QNT has retraced some of its gains but has seen a strong rebound before reaching new lows.
- The price has found support at the 200-day MA, which could push it higher, while trading volume is increasing.
- Traders are accumulating QNT as bullish divergence levels are reaching significant levels.
- Therefore, it is likely that the price of QNT will strengthen and rise above $100 to test the 50-day MA at $108 and potentially reach $110.
