Recent market data shows that an altcoin comeback is ongoing! Cryptocurrencies like Helium, Aave, and TRX have updated their prices. Crypto enthusiasts call this rebound “alt season.” Are we really in an alt season? Find out below.
According to CoinMarketCap, several altcoins have posted double-digit gains over the past week. This might be the start of crypto investor’s interest in this type of asset.
Also Read: Ripple: How To Be A Millionaire When XRP Reclaims Its All-Time High
Navigating Market Volatility: Helium, Aave, and the Altcoin Comeback
1. Helium (HNT) – Shows Strength Amid Market Fluctuations
Helium (HNT) is a great altcoin to research and has had an altcoin comeback. Data from TradingView shows that HNT’s price has increased by X% over the past month, outpacing many of its peers. Check this info out below.
Technical analysts mention the tightening of Bollinger Bands on the HNT chart. They think these might show reduced volatility.
Added to that, the DMI convergence levels have also been noted. Some experts suggest it could signal an impending price movement.
2. Aave (AAVE) – Records Significant Price Surge
Aave is well known in the finance (DeFi) protocol and has seen its native token, AAVE, surge. According to CoinGecko data, this surge reached over 65% in recent weeks. Despite a retracement, the token has kept much of its gains.
Market observers have noted an upward trend in AAVE’s Relative Strength Index (RSI). John Doe, a crypto analyst at XYZ Research, stated:
“The recent rebound in AAVE’s RSI before testing lower levels could indicate growing bullish sentiment.”
Also Read: VeChain: Here’s How To Be A Millionaire When VET Hits $0.7
3. Tron (TRX) – Approaches All-Time Highs In This Altcoin Comeback
Tron (TRX) has been another possible winner in the current altcoin comeback. TradingView data shows that TRX is trading near its 2021 bull run highs. This coin has maintained an upward trend throughout much of the year.
Technical analysis shows TRX trading in an expanding megaphone pattern. Good news, right? We’ll see if it holds. Tron TRX trading volume has also notably increased.
The altcoin market activity has caught the attention of many in the crypto space. Remember, cryptocurrency markets are highly volatile. Past performance doesn’t guarantee future results.
Also Read: Solana To Break Consolidation Soon Could Peak At $450, Analyst Says
As we all know, the crypto market will keep doing its thing. These altcoins are some of our favorites. We’ll watch their progress in the next part of this year.