Bitcoin price has shown significant strength over the past 30 days, which is why altcoins have also been arming to some extent. These assets appear to be following the market trend set by the star crypto and trading accordingly. However, as BTC price gains stability, altcoins like UNI, ATOM, AVAX, BNB, LINK, DOT, etc. may explode.
Uniswap (UNI)
Uniswap price is going through a parabolic recovery curve where a top seems to be fast approaching. While buying volume has increased, the likelihood of the asset maintaining a firm uptrend seems quite high. However, as BTC price surpasses $25,000, UNI price could also climb above the neckline at $12.
Cosmos (ATOM)
ATOM price has been fluctuating within a parallel channel since the market collapsed in May 2022. Since then, the asset has remained highly consolidated, eliminating minor fluctuations in between. Therefore, after a tremendous accumulation of strength, the asset can have a strong breakout that can initially take the price up almost 45%.
Avalanche (AVAX)
Similar to ATOM, Avalanche price is also trending within a parallel channel, but increasing. In addition, buyers also appear to have retained their strength during the rally. Therefore, given some stability in market sentiment, the asset is expected to explode and reach $50 in no time.
Binance Coin (BNB)
BinanceCoin has managed to surpass the upper resistance of the ascending channel with the rebound. However, the bears are currently trying to contain the BNB rate to a large extent and a retest towards the resistance is quite possible. Moreover, a strong recovery could push the price above $300 very quickly.
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