The Bullish Pattern of the Top 3 Altcoins Could Lead to Explosion in the Coming Weeks
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Brian Bollinger. The market’s failure to recover from its early week correction indicates that the market remains in uncertainty. Many altcoins failed to overcome the swing high resistance. If this happens, buyers could be encouraged to prolong the prevailing uptrend. However, despite a correction phase in the market, some altcoins maintained a bullish pattern which could bolster buyers to prolong the prevailing uptrend.advertisementPolygon(MATIC)Source- TradingviewOn February 15th, the MATIC coin price gives a massive record from a $1.3 neckline of rounding bottom pattern. This bullish reversal pattern may be a sign that the market is in a sustained recovery and trend reversal. The polygon coin price is currently at $1.54 with an intraday gain 1.4%. The price could revert lower and test the $1.46 and $1.3 levels to confirm that it is still sustainable above the newly reclaimed support. Trending StoriesThus, if the buying pressure persists, the post-correction rally may signal a bull run to $1.86Ripple(XRP)Source- TradingviewWith a series of lower highs and lower lows, the XRP coin price has shown a steady correction phase for nearly a month. This downfall is part a bullish pattern called ‘flag’. The flag pattern is influencing the coin price and it is expected to break the overhead resistance trendline. This breakout could signal the regaining bullish momentum and the beginning of the correction rally. Under a favorable bullish scenario, this potential bull run could surpass the $0.5 mark.Cosmos(ATOM)Source- TradingviewOver the past three months, the Cosmos coin showed a simple formation of a rounding bottom pattern. The coin price has rallied 67.8% over the past three months, marking a local top at $13.46. The coin price must rebound from this pattern. This indicates that the market sentiment is buying dips and not buying.advertisementThe ATOM price is currently trading at $14.1. However, with a sustained buyer, it should exceed the $15.46 neckline resistance. This could lead to a significant bull market aiming for the $26 mark. Share this article on:advertisementAbout author
The content presented may contain the author’s personal opinion and may not reflect current market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.