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Reading: Quinten Highlights a Promising Altcoin for Potential Growth
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COINTURK NEWS > Altcoin News > Quinten Highlights a Promising Altcoin for Potential Growth
Altcoin News

Quinten Highlights a Promising Altcoin for Potential Growth

In Brief

  • The analyst Quinten anticipates growth for STX Coin due to strong support.

  • Low liquidity during holidays affects price movements in cryptocurrencies like Solana.

  • Market sentiment indicates a potential shift away from bullish positions.

İlayda Peker
İlayda Peker 5 months ago
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A notable cryptocurrency analyst has drawn attention to an altcoin that exhibits bullish signals while reviewing the most popular altcoins of the year. Bitcoin (BTC) $107,547 struggles to maintain levels above $98,500, and the altcoin market has experienced slight declines in recent hours. Which altcoin does Quinten anticipate will rise, and why?

Contents
Anticipated Altcoin GrowthInsights on Solana and Cryptocurrencies

Anticipated Altcoin Growth

As of the writing of this article, the analyst known as Quinten expressed optimism for the growth of STX Coin. He noted that the ability to maintain a two-year upward trend support is a promising indicator. If BTC can sustain its current levels, an increased appetite for risk among investors could trigger an upward movement in altcoins.

“STX looks remarkable in the chart. The previous resistance was perfectly retested and turned into support. It is currently hovering there and sitting above a two-year upward trend support.”

“Combine these two factors, and honestly, if you’re looking for one, it looks like an incredible entry to me.”

While the current level may provide a great entry point, it also carries the risk of significant losses for investors. No one can predict the future, and those who replicate Quinten’s strategy will not receive compensation if his predictions fail.

Insights on Solana and Cryptocurrencies

Daan Crypto Trades recently shared insights on the Solana $171 chart. He pointed out the weak liquidity due to the holiday week, stating;

“SOL held up well in the area I highlighted last week. Price movements can be a bit chaotic during holidays due to low liquidity. However, if the high timeframe area around $175 is held, I believe it will provide a solid base for an upward movement into the new year.”

The last analyst, Ali Charts, highlighted changes in positions in futures trading. Investors holding long positions on Binance experienced a decline from 66.73% to 53.6% in the last 24 hours, indicating a loss of faith in upward movements.

During periods of fear, speculative movements can lead to unexpected volatility. However, BTC’s inability to hold above $99,000 suggests that general disinterest may push it back to $95,000. When considering the lack of volume due to the holiday, recent declines in altcoins become easier to understand.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 25 December, 2024 - 10:44 pm 25 December, 2024 - 10:44 pm
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