3 Altcoins That Might Just Save Your Crypto Portfolio This Week!

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Ah, the crypto market—a veritable circus of bulls and bears, where the only thing more volatile than the prices is the mood of the traders. In the past week, the bulls have been about as elusive as a polite taxi driver in London. Yet, amidst this chaos, a few intrepid altcoins have managed to strut their stuff, buoyed by external developments that would make even the most seasoned investor raise an eyebrow. 🧐

BeInCrypto, in its infinite wisdom, has unearthed three altcoins that are apparently on the brink of some rather significant movement in the coming week. Buckle up, dear reader!

Avalanche (AVAX)

AVAX is gearing up for a week of delightful volatility, as a staggering 1.67 million tokens—worth over $42.5 million—are set to be unlocked. Token unlock events are like the arrival of a long-awaited guest at a dinner party; they can either liven things up or lead to an awkward silence. 🍷

Historically, AVAX has enjoyed a bit of a bullish spree before such unlocks, as traders eagerly anticipate a flurry of activity. Currently, it’s trading at $25.44, tantalizingly close—just 5%—to breaking the $26.95 resistance. Should it reclaim this level as support, we might just see a rally toward the critical barrier of $31.15, which would surely send investors into a tizzy of confidence.

But, dear reader, should AVAX fail to breach the $26.95 mark, we could witness a bearish reaction that would make even the most stoic of investors weep. A lack of buying pressure could see it tumble to $22.70, and if it dares to dip below this support, we might as well start preparing for a funeral service for investor sentiment.

Mantra (OM)

Now, let us turn our attention to OM, which has displayed a remarkable resilience akin to that of a cockroach in a nuclear fallout. Trading at $6.15, it has managed to avoid the sharp corrections that have plagued its peers. This performance is nothing short of miraculous, setting OM apart from the other cryptocurrencies that seem to be struggling to hold onto their dignity.

With a sturdy support at $5.65, OM is now less than 5% away from its all-time high of $6.48. It appears poised to break this barrier, potentially crafting a new ATH this week. If the buying pressure is strong enough, we might just see a stampede of investors rushing in. 🐂

However, should it decline below $5.65, we could witness a dramatic shift in momentum. If selling pressure mounts, OM may plummet below $5.00, sending investors into a frenzy of panic and despair. Such a turn of events would surely delay any potential recovery and plunge the price into a bearish abyss.

THORChain (RUNE)

Lastly, we have RUNE, which is set to bask in the glow of bullish momentum this week, thanks to the much-anticipated V3.20 release. This update promises to retire the “mimir” key, a point of contention that has long divided the THORChain community like a family squabble over the last biscuit. 🍪

With strong community support for this update, RUNE’s price could very well capitalize on the bullish sentiment. If buying pressure increases, we might see it break through the $1.39 resistance and rally toward $1.70—a delightful 30% increase that would surely bolster confidence in THORChain’s long-term prospects.

But, alas, should it fail to breach the $1.39 resistance, we could see a dampening of this bullish momentum. If selling pressure rises, RUNE may find itself tumbling to $1.11, delaying any recovery efforts and prompting a wave of cautious trading behavior among investors. It’s a veritable soap opera, isn’t it?

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2025-02-10 17:13