/ Discover potential gains in the crypto market next week with BitTorrent (BTT), Avalanche (AVAX), and Immutable (IMX).
As the cryptocurrency market experiences a bullish wave with Bitcoin (BTC) marking an impressive +11.33% increase and Ethereum (ETH) soaring by +9.13% over the past week, the influence on the altcoin sector becomes palpable. Notable performers emerging from their resistance levels include Cardano (ADA), BitTorrent (BTT), and Avalanche (AVAX), each making significant gains.
Even meme coins like Bonk have not been left out, showcasing a remarkable pump of +139.0% in just the last few days. Amidst this positive market sentiment, our analysis points to three altcoins that could potentially experience further upward momentum in the coming week: BitTorrent (BTT), Avalanche (AVAX), and Immutable (IMX).
1) BitTorrent (BTT) Price Analysis:
BitTorrent’s (BTT) impressive ascent of +164.33% in the past 7 days follows the Tron Ecosystem reaching a milestone of 200 million users. Currently trading at its resistance level of $.00000111, a successful break could pave the way for the next target of $0.00000524, representing the subsequent resistance level for BitTorrent (BTT).
2) Avalanche (AVAX) Price Analysis:
Avalanche (AVAX) has experienced a notable price increase of +42.40% in the last 7 days. Breaking through two consecutive resistance levels, AVAX achieved a current price of $32.65. As the coin potentially enters a retest phase, completion of this phase may set the stage for further surges in the coming days.
3) Immutable (IMX) Price Analysis:
Immutable (IMX) has seen a robust surge of +34.37% in the past 7 days, breaking free from its major resistance level at $1.58. With this upward momentum, it is anticipated that the IMX coin’s price may undergo a retest of its previous resistance level before making strides towards higher values in the upcoming days.
As the cryptocurrency market continues to evolve, these three altcoins stand out as potential candidates for heightened activity in the next week.