Defying the current uncertainty in the crypto market, a few tokens have outperformed its peers, reflecting a strong potential to rebound
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The ongoing October rally in the crypto market has hit a major roadblock as the leading cryptocurrency Bitcoin struggles to surpass the $35,000 level. This newfound supply pressure has injected a dose of uncertainty among traders, manifesting in either minor retracements or sideways movements across the board. However, defying this indecisiveness, a few tokens have projected the highest growth this week, indicating they also have better potential to prolong a higher recovery if the market sentiment improves.
Also Read: AI Crypto Tokens OCEAN, INJ, FET Skyrocket As Bitcoin Price Rally Wanes
Pepe Price Analysis: Health Retracement Hints a Rally to $0.0000014
Source- Tradingview
Over the past fortnight, the Pepe coin price has executed a remarkable rally, soaring from a monthly support of $0.0000006 to an apex of $0.00000136, marking a 122.95% surge. This upward motion shattered key resistance zones at $0.00000084 and $0.0000014 on robust trading volumes, demonstrating investor confidence in the asset’s long-term trajectory.
However, the coin is currently undergoing a minor pullback to $0.00000115 due to an increase in border market supply pressure. The Fibonacci Retracement levels suggest immediate support at $0.00000105, corresponding with the 38.2% FIB level, and another at $0.000001, aligned with the 50% retracement level, which may reignite bullish momentum.
Injective Price Analysis: Bullish Pattern Sets 18.5% Rally Ahead
Source- Tradingview
The Injective coin price has experienced a meteoric ascent since the third week of October, catapulting from $7.3 to $14.09—a staggering 92.6% uptick. This rally featured a decisive breakout from the neckline resistance of an inverted head and shoulder pattern, defying the general market’s cautious sentiment.
Today, the coin has further extended its gains by 5% on solid volume. Given its adherence to this bullish reversal pattern, we can anticipate an additional 18.5% rally toward a prospective target of $16.6.
Mina Price Analysis: Can Buyers Regain $1 Mark?
Source- Tradingview
On October 24, the Mina coin price saw a strong surge of buying pressure, skyrocketing by 107% to touch the $0.96 price point. Subsequently, the coin experienced a pullback amidst broader market uncertainties, currently trading around $0.6.
According to Fibonacci retracement metrics, the Mina price is hovering just above the crucial 61.8% Fib level, offering buyers suitable support to recuperate the bullish momentum. Should the coin maintain this support level, it could set the stage for a renewed rally, possibly retesting the $0.96 or even the $1 threshold.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
