Pocket Network (POKT), Numeraire (NMR) and Komodo (KMD) are three altcoins showing bullish signs on different time frames. If the bullish formation gets confirmed, they could become top gainers in the coming weeks.
While a crypto winter has been going on for almost a year, some altcoins are still showing bullish signs. While crypto investors are unlikely to see an altcoin season anytime soon, this does not mean that there are no altcoins in the entire cryptocurrency market that will outperform Bitcoin (BTC).
POKT leads altcoins with breakout from 203-day resistance
POKT price has followed a descending resistance line since May 31. Most recently, the line caused a rejection on Sept. 6 (red icon), reaching a low of $0.037 on Nov. 14.
Despite the decline in the rest of the crypto market, the price of POKT has risen since then. It broke above the resistance line on 6th December. The breakout was coupled with an RSI breakout above 50, adding to its validity. At the time of the breakout, the line had been in place for 203 days.
If the upward movement continues, the nearest resistance area will be at $0.132.
Because the line was present for a long time and because of the RSI breakout the POKT price trend is likely to be bullish.
KMD price forms triple bottom pattern
Since May 10, the KMD price has formed a triple bottom pattern (green icon) above the $0.18 horizontal support area. The pattern was also paired with a bullish divergence in the RSI (green line), adding to its validity.
KMD is facing resistance from the descending resistance line since July. This is likely to lead to a breakout towards the $0.32 resistance area, an increase of 60% from the current price.
Conversely, a KMD weekly close below the $0.18 area would invalidate this bullish KMD price prediction.
Numeraire Price Makes Another Attempt to Breakout
NMR price fell below a descending resistance line since late March. This row has led to several disclaimers so far, most recently on 6 December (red icon). NMR has decreased over the past 24 hours after being rejected by the resistance line (red icon).
However, NMR price reclaimed the $14.30 horizontal zone during this time while the daily RSI moved above 50.
If the $14.30 support area holds, NMR could make another attempt to breakout. Conversely, a close below this area would lead to a new yearly low.
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BeinCrypto endeavors to provide accurate and up-to-date information, but shall not be responsible for any missing facts or incorrect information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so do your research and make your own financial decisions.