The fall season has brought excitement to the traders and enthusiasts of the cryptocurrency community. As the fourth quarter approaches, investors grabbed their shopping bags. This time around, altcoins seem to be a priority for market buyers.
common analyst Lists some cryptocurrencies for his viewers. While some of them are top-tier coins, others are lesser known coins that are undervalued. The tracks have been retraced, back to pre-crash levels. Respectively, buyers are now showing interest in these coins.
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The right time to buy?
Many coins in the market, are now in momentum on the basis of the war. Respectively, some hold firmly to the support levels, and others are consolidating. And few of them are willing to hack. Market trends indicate a possible increase in the number of buyers.
Coins like Kusama (KSM), Elrond (EGLD), Cardano (ADA), and Swipe (SXP), among others, are closer to their support levels. This relates, to the possibility, of the right time to acquire some of these coins. While they are trading less than they should be. Expectations of positive trends are usually on the higher end of undervalued currencies.
In addition, coins such as ORN, VRA, ENJ and ICX saw a recovery from support levels. And they are united after a strong march. Many currencies depict higher bottoms and higher highs on market charts. The fact that ALT coins work very well with little or no publicity. It attracts interests among investors and traders in the space.
Collectively, it can be said that it is a good time to grab some coins before buying pressure creeps in. As a number of coins are either closer to support levels or post-momentum consolidation. It is worth emphasizing that the analysis is from the time of publication. We can expect price movements in the range of 10-20% provided the situation is in favor of the altcoin. It is rightly said, that one should look for support levels across the market for purchases.
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