Top 4 Altcoins That Defy The FTX Fiasco – TWT, LTC, GMX, CHZ

2022-11-18 01:46

The price action displayed by top altcoins in recent times has yet to be encouraging with the market’s erratic price movement after a cascading effect suffered by FTX led to many altcoins, including the price of Ethereum (ETH), battling for survival. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market has yet to make a major move. Still, there have been some great price movements by these top 4 altcoins lately despite the uncertainty surrounding the crypto market, leading to much fear about where the market could be headed. (Data from Binance)

Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and invest only what you can afford to lose.

Top 4 Altcoins- Trustwallet Token (TWT) Price Analysis On The Daily Chart Daily TWT Price Chart | Source: TWTUSDT On Tradingview.com

The past few days have been filled with so much turbulence in the crypto space as many altcoins have struggled to show strength after losing their key support holding off price decline.

The current uncertainty surrounding the market has resulted in reluctance on the part of traders and investors to make altcoin purchases, as there is no assurance if they would be heading up any time soon.

A standout performer in these times has been TWT as the price rallied with over 100% gains in less than 48hours as the price broke out with strong bullish sentiment above $1, rallying to a high of $2.7 before facing rejection to a region of $3.

The price of TWT trades at $2.1, holding up well above the 50 and 200 Exponential Moving Averages as the price eyes further movement to the upside. If the price maintains its structure and bullish movement, we could see the price rallying to $3.

Price Analysis Of Litecoin (LTC) On The Daily (1D) Chart Daily LTC Price Chart | Source: LTCUSDT On Tradingview.com

LTC’s price has recently outperformed BTC after showing a bullish trend despite the market’s uncertainty due to the FTX fiasco.

Despite facing rejection to a region of $50, the price of LTC bounced off from this area as the price rallied to reclaim the 50 EMA acting as strong support for the price of LTC.

If the price of LTC holds above $60, we could see the price rally to a high of $65-$70 in no time.

Price Analysis Of GMX On The Daily (1D) Chart Daily GMX Price Chart | Source: GMXUSDT On Tradingview.com

The price of GMX was rejected from its resistance of $48 and is currently trading at $39.

GMX has maintained its bullish structure despite the rejection and market turmoil that has affected most crypto projects. The price of GMX needs to hold above the region of $35 to avoid the price going lower.

Top 4 Altcoins- Price Analysis Of Chiliz (CHZ) On The Daily (1D) Chart Daily CHZ Price Chart | Source: CHZUSDT On Tradingview.com

The price of CHZ has continued to show bullish trends holding well above the 50 EMA. 

Despite the pullback across crypto assets in the market, CHZ has continued to look strong, respecting the bullish trendline.

The price of CHZ broke the resistance at $0.236, a close above this region could send the price to a region of $0.3.

Featured image from zipmex, Charts from TradingView.com

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price altcoins ftx cascading suffered effect erratic

Источник: newsbtc.com

price altcoins → Результатов: 126


Altcoins Turn Red As Market Goes Through A Price Correction, Bitcoin (BTC) Continues To Dominate Despite Warren Buffett Calling It A Gambling Device

As the weekend comes to an end, the market seems to be struggling. Most altcoins have seen much of the gains witnessed at the start of the weekend, go down, marking a price correction. The drop has however seen most find high support positions, validating the recent rally.

2019-5-5 09:29


Bitcoin Cash (BCH) Price Prediction: A Profit of 40% Could Come Soon

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2019-5-5 23:16


Bulls in Motion as Bitcoin (BTC) Trades above $5,650 USD Price Point But Danger Flashing Ahead

The leading cryptocurrency is enjoying a good deal of greens as Bitcoin traded at $5,822 with 24-hours gains of 2.29 percent, at the time of writing, as per Coinmarketcap data. As BTC climbed upwards, altcoins also saw flecks of green with Bitcoin Cash (BCH) and Litecoin (LTC) registering over 3 percent gains taking the total […]

2019-5-4 20:17


Massive Price Surge: Bitcoin Cash [BCH] hikes by 8% in an hour; Litecoin [LTC] and EOS up by over 6%

After maintaining largely stagnant price movement, the collective crypto-market seems to be enjoying a massive run, at press time. Following the news about Bitcoin crossing the $6,000-market, almost all altcoins witnessed a sharp turn of events as the market momentum reversed and pushed the coins by significant amounts to break immediate resistances.

2019-5-3 13:42


Binance Coin (BNB) Unable to Keep Up With A Positive Price Performance Despite The Official Launch of Binance DEX

Binance is arguably the hottest thing in the current cryptocurrency sphere. It’s also perhaps the world’s biggest crypto exchange with a 24-hour trading volume exceeding $1. 3 billion. In 2019 alone, it has made very interesting moves that have pushed BNB atop most lists of best performing altcoins in the market.

2019-4-25 23:38


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