THORChain

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A top crypto trader says he thinks three under-the-radar altcoins including decentralized exchange ThorChain (RUNE) are gearing up for strong surges.
Starting with decentralized storage network Filecoin (FIL), the crypto analyst believes that there’s no resistance for the altcoin until it hits $5.80.

“I think FIL is going to pull the same move COMP did.
Grind up to a pocket of liquidity and mostly equal highs. Price should very quickly move from $4.70 to $5.80
It is an air pocket, and all air pockets are getting closed.” 
Source: Cantering Clark/Twitter
At time of writing, FIL is trading at $4.80, above the trader’s marked resistance area of $4.70.
Next up is RUNE, which Cantering Clark says is likely following the bullish footsteps of Filecoin.
“Everything looks the same. RUNE is the same setup as FIL.
The difference is that it actually is 1/7 of the market cap.
It is all one trade. Sellers are stepping out of the way.” 
Source: Cantering Clark/Twitter
At time of writing, RUNE is changing hands for $1.76, also above the trader’s resistance level.
The last coin the analyst’s radar is LOOKS, the utility token of the Ethereum-based non-fungible token (NFT) marketplace LooksRare. Cantering Clark says the altcoin looks ready for a strong breakout.
“It looks like LOOKS is about to absolutely rip.
This is just a game of shuffle right now.” 
Source: Cantering Clark/Twitter
At time of writing, LOOKS is switching hands for $0.21, well above the trader’s resistance at $0.187.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/salamahin/mim.girl
The post Three Altcoins Are Flying Under the Radar and Primed To Absolutely Rip, Says Popular Trader appeared first on The Daily Hodl.


A top crypto trader says he thinks three under-the-radar altcoins including decentralized exchange ThorChain (RUNE) are gearing up for strong surges. Starting with decentralized storage network Filecoin (FIL), the crypto analyst believes that there&#8217;s no resistance for the altcoin until it h...

dailyhodl.com

Three Altcoins Are Flying Under the Radar and Primed To Absolutely Rip, Says Popular Trader


BeInCrypto looks at five altcoins that increased the most from the entire crypto market last week, more specifically from Dec. 2 – 9. 



These digital assets have taken the crypto news and crypto market spotlight:




Axie Infinity (AXS) price is up 18.19%



Synthetix (SNX) price is up 11.83%



THORChain (RUNE) price is up 10.89%



Stacks (STX) price is up 10.37%



EOS (EOS) price is up 10.12%




AXS Leads Crypto Market Gainers



AXS is the native token of the Axie Infinity ecosystem, a play-to-earn game in the Ethereum blockchain. The AXS price has increased since Nov. 13, when it created a bullish candlestick with long wicks on each side. 



The rate of increase accelerated on Dec. 5, possibly due to positive crypto news in the form of the Axie Core update on Dec. 5. This led to an unsuccessful attempt at breaking out from a descending resistance line that has been in place since the beginning of May.



Despite the failure to break out, this was the fifth attempt (red icons) at doing so. Since lines get weaker each time they are touched, an eventual AXS price breakout from the line is expected. A breakout from the line and subsequent reclaim of the $13 resistance area is required for the trend to be considered bullish.



AXS/USDT Daily Chart. Source: TradingView


SNX Creates Bullish Pattern



The SNX price has fallen below a descending resistance line since Aug. 13. The line caused a rejection on Nov. 5 and led to a low of $1.54 10 days later. This was slightly above the yearly low of $1.42. In turn, it created a double bottom pattern (green icons). The SNX price has increased since. 



 A breakout from the descending resistance line is required to confirm the double bottom pattern. If this occurs, it could lead to an upward movement toward the $2.60 resistance area. 



Conversely, a rejection will likely lead to a new yearly low.



SNX/USDT Daily Chart. Source: TradingView


RUNE Bounces After Yearly Low



The RUNE price was subject to a sharp fall on Nov. 8, leading to a new yearly low of $1 the next day. 



The price has increased since and has been trading close to the $1.45 resistance area over the past 24 hours. This is a crucial area since it previously acted as support since May 15 (green icons). 



As a result, the trend is considered bearish until RUNE reclaims the $1.45 resistance area.



RUNE/USDT Daily Chart. Source: TradingView


STX Begins Relief Rally



The STX price has increased since Nov. 14, when it fell to a new yearly low of $0.20. Despite the upward movement, the price is trading well below the $0.30 resistance area. This is a crucial level since it has previously acted as support since June 13.



Like RUNE, the trend is considered bearish until STX reclaims the $0.30 resistance area



STX/USDT Daily Chart. Source: TradingView


EOS Makes Breakout Attempt



On Nov. 9, the EOS price fell to a new yearly low of $0.788. This seemingly caused a breakdown from the $0.86 horizontal support area. 



However, the price reclaimed the area afterward and validated it as support again.



Currently, EOS is in the process of attempting to break out from a descending resistance line that has been in place since Aug. 19. If successful, this could lead to a price target of $1.15



EOS/USDT Daily Chart. Source: TradingView


For BeInCrypto’s latest crypto market analysis, click here.
The post Axie Infinity (AXS), Synthetix (SNX), and ThorChain (RUNE) Lead the Crypto Market Charge appeared first on BeInCrypto.


BeInCrypto looks at five altcoins that increased the most from the entire crypto market last week, more specifically from Dec. 2 - 9.
The post Axie Infinity (AXS), Synthetix (SNX), and ThorChain (RUNE) Lead the Crypto Market Charge appeared first on BeInCrypto.


THORChain price	$1.92
Low - High 24H	$1.84 - $1.93
Market cap	$575.82M
Volume 24H	$84.39M
All time high	$20.87 -90.82% May 19th 2021
All time low	$0.008513 22410.77% September 28th 2019
Genesis date	N/A

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