Aave

bullish

Injective

THORChain

Divergence

<p>The post <a href="https://coinpedia.org/price-analysis/best-altcoins-to-stack-right-now-amid-ongoing-market-correction/" rel="noopener noreferrer nofollow">Best Altcoins To Stack Right Now Amid Ongoing Market Correction!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market continues displaying a mixed price action with the price of <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> constantly hovering close to its important resistance/support level of $58,000.</p>
<p>However, taking advantage of the present situation, mid-cap altcoins have regained momentum and added significant value to their respective portfolios within a short period. Planning on investing in such altcoins?</p>
<p>Scroll down as, in this article, we have covered the market trend, price action, and short-lived price projections of the top 3 altcoins that have the potential to outperform top cryptocurrencies during the upcoming weeks.</p>
<h2 class="wp-block-heading" id="h-thorchain-rune-price-action">THORChain (RUNE) Price Action</h2>
<p>With the rising volatility, the <a href="https://coinpedia.org/price-prediction/thorchain-rune-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">RUNE price</a> has recorded a jump of 5.83% within the past day with a trading volume of $292.59 Million. Further, it has added approximately 19% over the past week. Notably, with a market cap of $1.258 Billion, it has secured the 52nd position in the global crypto-list.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc31mx_GXjISDeh31QO_6lFStLo-KNbaITDqJxrPsLN4jHFS39UmXF8_KRQRS_cPL64oXOaEkPERWgtGN1CUcMmvhOKMxfSg_5OGzI7aneXLQaE2GaXfPAspmmW9LHyvva3BoKxPcCrLbUF7V2ED30fUuo?key=WvFWutONohzoQ5TfNnygtg" alt="THORChain Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: RUNE/USDT
 </figcaption>
</figure>
<p>The Moving Average Convergence Divergence (MACD) has displayed a rise in the green histogram, indicating an increase in the buying pressure. Further, with a bullish convergence, this altcoin suggests a positive outlook in the coming time.</p>
<p>Suppose, the bulls continue gaining momentum, in that case, the THORChain price will head toward its upper resistance level of $6.140. Conversely, if the bears regain power, the RUNE price will retest its crucial support level of $2.925.</p>
<h2 class="wp-block-heading" id="h-injective-inj-price-action">Injective (INJ) Price Action</h2>
<p>The <a href="https://coinpedia.org/price-prediction/injective-inj-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Injective price</a> continues to display a sideways price action over the past few days, indicating weak buying and selling pressure for the altcoin in the cryptocurrency market. However, despite rising bearish sentiment, it has jumped approximately 6% over the past seven days.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcp79zskeKskqxQ7r87xQQv2BvMs_N8qLsR2Pu535eSnQYg5_nh0yJQvE-U6uNr8f1PRtQP76LgGbcHLgaOE6oy5xqKsgQBn6G2sAdRfKTtjAcqwHuk6_n9sDXEFkYOFA_iDYPspxT-ZNy5RiKpyC2dexgn?key=WvFWutONohzoQ5TfNnygtg" alt="Injective Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: INJ/USDT
 </figcaption>
</figure>
<p>The technical indicator, RSI continues hovering close to its mid-point, suggesting a weak price action for the altcoin in the market. Moreover, the average trendline displays a constant flatline, suggesting uncertainty in future price action.</p>
<p>If the market regains momentum, the INJ price will prepare to test its important resistance level of $21.35 this month. However, if the bears dominate the market, the Injective crypto could plunge toward its low of $15.</p>
<h2 class="wp-block-heading" id="h-aave-aave-price-action">Aave (AAVE) Price Action</h2>
<p>The Aave crypto price has displayed a strong bullish action since the year started. Notably, it has jumped 3.36% within the past day and 13.39% over the past week. With a monthly gain of approximately 11%, it has secured the 47th position with a valuation of $1.629 Billion.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfv2ckB2O1_HDfJBumyoRNCXjXPBVwFNuCwjgHLLmlI_jU-wzRQnMt_pnfFs_HzG0ZA3EulW55v5PCNB1hpSAt9_5Iyx8iWVbInJVEOy4EIwJdS-8_a7j03VGNO90OZ3zYqEtDOYm1EIQRsA-jVc_39Wkw?key=WvFWutONohzoQ5TfNnygtg" alt="Aave Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: AAVE/USDT
 </figcaption>
</figure>
<p>The MACD indicator has recorded a strong bullish reversal in its chart, highlighting increased buying-over-selling pressure within the market. On the other hand, the averages display a high possibility of a positive crossover, suggesting that the <a href="https://coinpedia.org/price-prediction/aave-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">AAVE coin price</a> will continue gaining value.</p>
<p>If the bulls breach their important resistance zone above the $105.50 level, this altcoin could head toward its upper resistance level of $131. Negatively, if the bears regain momentum, the AAVE price will retest its lower support level of $93.75.</p>

Best Altcoins To Stack Right Now Amid Ongoing Market Correction!

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