Three Promising Altcoins Set to Surge: Technical Analysis Insight

Following the recent crash in the altcoin market, several cryptocurrencies began trading at significantly discounted prices, potentially offering substantial profit opportunities for interested investors. Here are three altcoins that have reached significant support levels and demonstrate strong bullish potential in the light of technical analysis. Zilliqa (ZIL) Price Analysis: Awaiting Bottom Fishers Amid the increasing selling pressure in the cryptocurrency market, Zilliqa‘s price plunged to as low as $0.0155 in the monthly timeframe. The elongated price rejection candlestick seen in the daily chart suggests that buyers have begun to accumulate at this support level, indicating potential reversal to bullish sentiment. The weekly Relative Strength Index (RSI) tilt is slightly upwards, instilling additional confidence in buyers by pointing to the underlying bullish momentum. However, the technical chart highlights the falling trend resistance line that has been thwarting buyers’ control for the past 10 months. Considering this, investors seeking a safer entry […] The post Three Promising Altcoins Set to Surge: Technical Analysis Insight appeared first on COINTURK NEWS.