The cryptocurrency market seems to be running out after Bitcoin and Ethereum riveted new ATHs. The market is volatile as various altcoin projects post double-digit profits and the star crypto has lost support of around $60,000. In particular, Helium (HNT), Cosmos (ATOM) and Holochain (HOT) have emerged as the top earners recently, suppressing the downtrend. Therefore, they look ready for strong uptrend, according to analyst Qadir AK.
Altcoin projects approved by HNT, ATOM and HOT Santiment
According to the analyst, the data of the crypto analytics platform Santiment should not be ignored. According to the firm, Helium, Cosmos and Holo gained 16%, 15% and 18% market capitalization respectively. Therefore, they are giving important bullish signals. Continuing in the article, we examine potential price targets for these altcoins. Cryptocoin. com You can reach the Santiment data, which we have transferred, via the tweet below.
Altcoin Helium (HNT) technical analysis
Helium (HNT) is an innovative platform built for IoT utilities, powered by Blockchain infrastructures. On Tuesday, the altcoin moved away from the port to break beyond its $26.31 ATH. Still, the HNT price is undergoing a consolidation around $24.15. As the contention between buyers and sellers continues in the 4-hours chart, it is approaching decisive levels.
According to the analyst, if buyers load on their order books, the altcoin could rise 10% to 15% higher after retrieving the previous ATH. On the contrary, the price of HNT could drop by around $20 if the bears take control of the market. However, one of the main catalysts for HNT’s price action has been its recent collaboration with the Dish network. This partnership enables traders to deploy compatible Helium 5g Hotspots on Dish Network to earn HNT.
Cosmos (ATOM) price analysis
Cosmos (ATOM) is a decentralized network that facilitates advanced interoperability and scalability, and the rise was accompanied by 10% gain. Notably, the network’s trading volume has increased by over 300% around the clock. The price is undergoing a significant correction after ATOM’s previous ATH approached $44.70. In the 4-hour chart, it is seen that the sellers dominate the buyers.
At the moment the altcoin is trading at $37.63, if the selling pressure continues, ATOM could correct heavily to the bottom support at $36.74. Also, an RSI factor of 60.8 indicates a healthy consolidation phase. Hence, if a large number of buyers step in in the next few hours, the analyst thinks ATOM price could reach around $47,586.
Holochain (HOT) price analysis
Holochain (HOT) is a P2P network that has generated a lot of media buzz with huge gains in recent days. The 4 hourdollar chart highlights large green candles that indicate a large increase in investment rate. Recent developments in the ecosystem have led to a retest of price momentum at $0.0125, the September high. The altcoin is correcting with good selling as large buy orders took place a few hours ago.
According to the analyst, the price of Holochain (HOT) is expected to undergo a correction of around $0.0095. As the RSI factor looks quite green, the HOT price could surpass the September high to reach $0.0135. However, Bitcoin dominance has been depreciating since the start of the week, which showed cash outflows to other altcoins. Moreover, the latest growth in this altcoin market cap also witnesses the start of the alt season.