Two important analysts in the cryptocurrency world have made evaluations regarding four altcoins that should not be missed next week. According to analysts, these altcoins have the potential to make significant gains in a bull market. On the other hand, there are important recommendations for those who will take long positions.
How Can Altcoin DYDX Token Move After Unleashing?
Analyst The Flow Horse emphasizes that a strategic move has been made for the altcoin DYDX, stating that it takes advantage of the support/resistance (S/R) flip. The end of the unlocking period was welcomed by the market and indicated a positive sentiment towards the current price range.
According to the analyst, this means a potential upward reversal for DYDX, indicating an expectation of an increase in value and positive market dynamics after the completion of the unlocking period.
What Should the Strategy Be for Altcoin Chainlink?
According to analyst The Flow Horse, the strategy for Chainlink (LINK) should be K.I.S.S. This approach involves maintaining simplicity in buying and selling decisions. Chainlink is currently undergoing its first corrective consolidation after a two-year range break. According to the analyst, it is showing signs of another breakout.
With all systems indicating positive conditions, the stage seems ready for the start of the second leg of the upward movement. According to The Flow Horse, this also indicates a bullish outlook for Chainlink in the current market scenario.
Long Position Advice for ORDI
Analyst The Flow Horse’s ORDI analysis suggests an attractive long position both technically and behaviorally. The fundamental value/market value (FDV/MKT) ratio at the level of 1:1 indicates a solid valuation and suggests that there is no longer a way down. In addition, the supply of 21 million coins increases the attractiveness of the investment.
Chart analysis shows that all key levels have been successfully reclaimed, implying that sellers may have exited early and made a wrong decision. Overall, technical and behavioral indicators come together to present a strong case for a long position in ORDI.
ARB Breaks Key Resistance
According to analyst Mags, the altcoin ARB has broken a downward trendline resistance and then this level has been confirmed as a new support. This technical development is interpreted by the analyst as a positive signal and indicates the potential for further upward continuation in the near future.
The expectation is for the upward trend to continue and reach an all-time high (ATH) in the upcoming bull run. The breakout and confirmation of the trendline support contribute to an optimistic outlook for Arbitrum, indicating favorable conditions for further price increases.