The crypto markets are bracing up for a bullish monthly close to keep up the ‘Uptober’ vibes alive. The Bitcoin price formed fresh monthly highs at $71,587, indicating the price could form a new ATH in a short while from now. As per the industry experts, the next probable highs could be somewhere around $78,000 to $80,000 before the end of the year. In such a case, the below-mentioned altcoins, which are heavily consolidating, are believed to undergo a huge explosion.
Uniswap (UNI)
Uniswap price is trading within a decisive symmetrical triangle and is heading towards the apex in a short whileThe 50-day MA is offering strong resistance, which needs to be breached to keep up the bullish trend Besides, the Bollinger bands have begun to squeeze, which suggests the volatility may squeeze with a significant drop in volume leading to a volume crunchHowever, the weekly RSI remains elevated and hence a breakout from the bands may enable the price to break above the resistance of the triangle and gain a double-digit figure.
Litecoin (LTC)
The Litecoin price has been displaying enough strength as it remains stuck within a rising parallel channel The latest upswing has helped the price rise beyond the 200-day MA and a daily close above $74 may validate the continuation of a bullish trend. The RSI remains elevated, holding the lower support, indicating the bulls have held a strong grip over the rallyTherefore, the LTC price is believed to keep up the bullish trend and reach the interim resistance at $76.25, which may push the levels above $78 to reach $80, which may trigger a fine upswing ahead.
Avalanche (AVAX)
The Avalanche (AVAX) price rebounded from the lower support and since then has maintained a consolidated ascending trendThe RSI has also flipped from the bottom while the MACD shows a drop in the selling pressure with a possibility of a bullish crossoverTherefore, the AVAX price is believed to trigger a 10% rise and enter the crucial resistance zone between $29.16 and $29.68 After consolidating within a range for a while, that may elevate the levels above $30 in a short while. However, once the price secures above the range, the token may begin to reclaim the lost levels for the rest of 2024
