Crypto markets are gearing up for a bullish month-end close to keep the ‘Uptober’ vibe alive. Bitcoin price reached new monthly highs at $71,587, indicating that the price could form a new ATH within a short period of time. According to industry experts, the next likely highs before the end of the year could be somewhere around $78,000 to $80,000. In such a case, the altcoins mentioned below, which are strongly consolidating, are believed to undergo a massive explosion.
Uniswap (UNI)
- The Uniswap price is trading within a decisive symmetrical triangle and heading towards the top within a short time
- The 50-day MA offers strong resistance, which must be broken to maintain the bullish trend
- Additionally, the Bollinger bands have started to shrink, indicating that volatility may shrink, with a significant drop in volume leading to a volume crisis.
- However, the weekly RSI remains high and therefore a breakout from the bands could see the price rise above the triangle resistance and reach double digits.
Litecoin (LTC)
- Litecoin price has shown enough strength as it remains stuck in an ascending parallel channel
- The latest rebound has fueled price appreciation beyond the 200-day MA and a daily close above $74 could confirm the continuation of a bullish trend.
- The RSI remains high and holds the lower support, indicating that the bulls have had a strong hold on the rally
- Therefore, LTC price is believed to continue the bullish trend and reach the intermediate resistance at $76.25, which could push the levels above $78 to reach $80, which could trigger a nice rebound.
Avalanche (AVAX)
- Avalanche (AVAX) price recovered from lower support and has maintained a consolidated uptrend ever since
- The RSI has also tilted off the bottom, while the MACD shows a drop in selling pressure with a possibility of a bullish crossover
- Therefore, AVAX price is believed to surge 10% and enter the crucial resistance zone between $29.16 and $29.68.
- After consolidating within a range for a while, this could push the levels above $30 in a short time. However, once the price moves above this range, the token could begin to regain lost levels for the remainder of 2024.
