Four Altcoins with Potential for Significant Gains in the Bear Market - Latest cryptocurrency news

Four Altcoins with Potential for Significant Gains in the Bear Market

Two important analysts in the world of cryptocurrency have offered evaluations on four altcoins that should not be overlooked next week. DYDX, Chainlink (LINK), ORDI, and ARB altcoins are said to have the potential to achieve significant gains in the bear market. There are important recommendations for those who will take long positions.

The unlocking of the DYDX altcoin has been well received in the market. Analyst The Flow Horse states that a strategic move taking advantage of support/resistance (S/R) change has been made, and he believes that this indicates a possible rise for DYDX.

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For Chainlink, the K.I.S.S strategy is recommended. This approach involves maintaining simplicity in trading decisions. The analyst notes that Chainlink has experienced its first corrective consolidation after breaking a two-year range and shows signs of another rise.

For ORDI, a technically and behaviorally attractive long position is recommended. The fundamental value/market value (FDV/MKT) ratio at the level of 1:1 is considered a solid valuation and indicates that there is no longer a downward movement. Additionally, the 21 million coin supply increases the attractiveness of the investment.

For ARB altcoin, it is observed that it has broken a downward trend resistance and confirmed this level as a new support. Analyst Mags interprets this technical development as a positive signal and indicates further potential for upward movement in the near future.

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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