4 altcoins to buy while the cryptocurrency market is rising and price analysis..!

The cryptocurrency market and altcoins have risen with Bitcoin's re-breaking of the critical resistance, led by BTC. Especially as short-term positions increased in the market, there was uncertainty about whether the upward momentum that began in mid-October would continue, and analysts had different opinions on whether this uncertainty would persist.

After last month's rise, attention turned to altcoins that follow Bitcoin's movements. In particular, a few altcoins gained momentum and were considered as an opportunity for investors to benefit from in the future. Crypto analyst Michaël van de Poppe also shared a post on altcoins that can be bought during market uptrends in a YouTube video he released today.

Chainlink can deliver high performance!

Analyst Poppe has noticed Chainlink (LINK), which is correlated with Bitcoin. If the current uptrend in price continues, the altcoin is expected to continue to rise even further, reaching a price between 25 and 30 dollars. Additionally, the analyst believes that LINK price may potentially perform even better.

In the Poppe analysis, it was stated that if the current strength in price movement continues, LINK could potentially perform better and reach a price range of 25 to 30 dollars. Finally, as of the press hour, the Chainlink price was trading at over 7% in the last 24 hours, gaining value and at 11.832 dollars.

Social interest in Synthetix is increasing!

Synthetix (SNX), which resembles the movements around AAVE, is another asset created around the Ethereum blockchain. Additionally, SNX is currently struggling with a challenging resistance level.

According to Poppe, interest in Synthetix is increasing through different channels. Firstly, market sensitivity and then discussions on social media platforms are increasing interest in the altcoin. In addition, the analyst adds that the altcoin can be quickly affected by movements in the cryptocurrency market.

Despite being currently in a downward trend, it is claimed that if the resistance is successfully broken, SNX will quickly adapt to this and start a rapid rise. In the event of a breakthrough, the value of Synthetix could rise to a range of 7.50 to 8 dollars.

altcoin

This potential breakout comes after a previous misunderstanding towards resistance of an initiative and emphasizes the importance of sensitivity in market entry timing. Finally, SNX, which has shown an increase of over 7% in the last seven days, drew an optimistic picture for many investors by trading at $2.5 according to the press time.

Compound altcoin is facing a critical resistance…

Compound (COMP) is following a similar trend to other altcoins and carries traces of a new rise in price. Analyst Poppe agrees with this view and points out that Compound is also facing an important resistance point.

In this context, the analyst emphasized the importance of monitoring social media channels where significant accumulation is observed, although some participants continue to see a downward outlook. As of press time, COMP gained approximately 6% daily, bringing its price to $50.72. Looking at the weekly chart, Compound recorded a 7% increase.

Aave (AAVE) is ready for an increase...

Aave (AAVE), a leading cryptocurrency in the DeFi space running on the Ethereum blockchain, encountered a formidable resistance barrier, as indicated by the analyst's posts. It is believed that the digital asset, which has risen in conjunction with the market and moved in tandem with the market, is poised for a potential breakthrough, and if it surpasses this, it is expected to gain further profits.

Poppe noted that AAVE has likely taken the first steps of a potential upward movement in recent days. If this resistance is successfully overcome, it could indicate the end of a long accumulation period and could potentially push its price to levels between 260 and 280 dollars, leading to an increase in the broader DeFi market.

In addition, according to the press hour, Aave is trading at around $91.25 with a daily gain of approximately 0.6%.

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