Altcoin Rally on Horizon – Maps Buy Levels For BNB, MATIC, SOL, LINK & AVAX Price

The post Altcoin Rally on Horizon – Maps Buy Levels For BNB, MATIC, SOL, LINK & AVAX Price appeared first on Coinpedia Fintech News

A prominent cryptocurrency analyst who goes by the handle Milkybull Crypto has turned to Twitter to discuss the potential for an upcoming altcoin rally in the event of a breakout. 

https://twitter.com/MikybullCrypto/status/1663821237938708484

According to the analyst, if the ETHBTC ALTS indicators break out, there could be a possible altcoin rally. He also laid out his analysis of a few altcoins and requested that the community comment on which altcoins he should analyze.

The crypto analyst points out the possibility of an altcoin rally

Milkybull tweeted out his analysis of AVAX, BNB, LINK, NKN, SOL, RNDR, and MATIC. Speaking about AVAX, the analyst stated that AVAX is trying to find support at the highlighted level and is likely to be on an upward rally. BNB analysis reveals that there is an ascending triangle pattern forming on the daily, which could potentially see a breakout to $400.

According to the analyst, the current trading range for LINK is between $5.5 and $9.5. However, it’s worth noting that LINK is currently trading below the midrange. Milkybull has mentioned that NKN is showing bullish signs after experiencing a rebound within the demand zone at $0.17. On the other hand, MATIC is currently undergoing a pullback after reaching the supply level. The analyst suggests that this pullback presents a favorable opportunity to start buying.

The cryptocurrency market has gone plummeting, with the global market cap down by 2.46% in the last 24 hours. The global crypto market stands at $1.14 trillion. Bitcoin and Ethereum have lost 2.94% and 2.30%, respectively, in the last 24 hours, according to CoinMarketCap data. BTC is trading in the $27,000 range after breaching $28,000 for a short time in the last 24 hours.

ETH is not trading differently, as it dropped from the 24-hour high of $1,914 to a low of $1,860 before sliding up to the current price. Other altcoins don’t seem different, as most of them, including PEPE, are down by over 10% in the last 24 hours.