Top 3 Mid-Cap Cryptocurrencies to Invest Before 2023 Bull Run Begins


The ongoing recovery in the cryptocurrency space has paused slightly due to increased FUD from market participants. However, the temporary consolidation could help buyers revive bullishness and extend the bullish recovery witnessed over the past two weeks. Below are some of the top mid-cap cryptocurrencies showing significant growth in price setups.

Solana (SOL)

Trade View ChartsSource – Tradingview

Affected by the descending trendline, the Solana token price has fallen steadily over the past ten months. Multiple inversions of this trendline indicate that traders are actively selling during bullish pullbacks, a key feature of established downtrends.

At press time, Solana price was trading at the $21.4 mark, down 3.5% intraday, with a current market capitalization of 8.2%. Moreover, the daily chart showing rejection candles near the upper trendline suggests that coin holders may be in for another bearish correction.

However, a potential bullish breakout of the resistance trendline would provide an early indication of a trend reversal.

Litecoin (LTC)

Trade View ChartsSource – Tradingview

Litecoin price is showing the formation of a round bottom pattern on the daily time frame chart. This bullish pattern shows a U-shaped price structure consisting of a front-end decline, intermediate accumulation, and a parabolic recovery.

As of now, Litecoin is trading at $90.457 with a current market cap of $6.6 billion. The altcoin is currently in the initial stages of a price recovery that could touch the pattern’s neckline resistance at $278.

Also read: Top 6 Liquid Staking Platforms on Ethereum

ChainLink (LINK)

Trade View ChartsSource – Tradingview

In the past ten months, the price of Chainlink currency has been in a sideways trend, with $9.5 as a buying climax and $5.5 as a selling climax. Amid the recent recovery in the cryptocurrency market, the token price is rising in a V-shaped recovery rally and has currently reached a price of $7.295.

The Chainlink coin currently has a market cap of $3.78 billion with a 24-hour trading volume of $310 million.

Interested buyers waiting for an entry opportunity can accumulate at $5.5 support or wait for $9.5 resistance to break.

The post Top 3 Mid-Cap Cryptocurrencies to Invest Before 2023 Bull Run Start appeared first on CoinGape.

Information source: compiled by 0x information from COINGAPE.Copyright belongs to the author, without permission, may not be reproduced

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