Three altcoins to consider as crypto fear and greed index hits 85

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As a seasoned researcher with years of experience in the ever-evolving world of cryptocurrencies, I can confidently say that we are witnessing an exciting time in the market, with the Crypto Fear and Greed Index reaching extreme greed levels and the Altcoin Season Index climbing to 85.

The Crypto Fear and Greed Index has reached a high of 86, indicating a strong sentiment of optimism among investors, suggesting possible profits might be on the horizon shortly.

Just like how it stands, the Altcoin Season Index has climbed up to 85, with many altcoins failing to keep pace with Bitcoin‘s performance. Here’s a list of some promising altcoins that could be worth investing in and hanging onto.

Chainlink 

Chainlink (LINK) serves as the biggest oracle in the cryptocurrency sector, providing essential support for significant networks such as AAVE, Compound, and Spark by transferring off-chain data to on-line platforms. The total value it secures has exceeded an impressive $38 billion, with large investors continuously adding LINK tokens to their portfolios.

The price of Chainlink exhibits robust technical indicators, having recently surpassed the upper boundary of its cup-and-handle configuration. Additionally, it has developed a bullish pennant structure, characterized by an extended vertical line and a symmetrical triangle formation. Typically, this pattern signals a potential powerful upward breakout.

As a crypto investor, I’m excited to share some insights about Chainlink (LINK). On November 22nd, it formed a golden cross – a bullish technical indicator where the short-term moving average crossed above the long-term one. Specifically, the 200-day and 50-day Exponential Moving Averages flipped positively for LINK. This could be a strong signal suggesting a potential upward trend.

Shiba Inu

Keep an eye on Shiba Inu (SHIB), another cryptocurrency worth monitoring as market sentiment becomes more aggressive. This digital token has surpassed a significant resistance point at 0.00002942 USD, marking the completion of a ‘cup and handle’ chart pattern.

Shiba Inu (SHIB) has additionally created what’s known as a “golden cross,” which often indicates potential for further price increases. It has moved beyond the initial support level of the Schiff pitchfork chart, while the Moving Average Convergence Divergence (MACD) is above the zero line and the Relative Strength Index (RSI) currently reads 65. In simpler terms, this means that SHIB’s price trend appears to be strengthening according to these technical indicators.

Based on these technical indications, it seems that Shiba Inu (SHIB) might continue to increase, potentially reaching approximately $0.000045 – which represents a potential surge of 45% from its current value.

Pepe Coin

Pepe Coin (PEPE), one of the trending meme coins, is showing promising signs and might keep climbing in 2023. It’s been exhibiting several optimistic trends such as a bullish flag, a falling wedge, and a cup and handle formation.

Pepe is trying to surpass its highest point this year so far at $0.000026, which it reached on November 14. The gap between the upper and lower edges of the price movement suggests that the cryptocurrency could potentially rise to approximately $0.00002860 in the short term.

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2024-12-05 19:24