The crypto space appears to be preparing for a bearish weekend as most of the assets are on the verge to experience a significant drop. The Bitcoin price is currently swinging around $20,500 and the global crypto market capitalization also has witnessed a slight growth that may keep up a bullish momentum alive. Therefore, some altcoins like QNT, BNB, RUNE, etc are expected to maintain a strong bullish trend ahead.
Quant (QNT)
- The QNT price ignited a strong upswing ever since the beginning of the July trade and gained more than 103% to mark monthly highs beyond $110
- However, the asset has plunged by more than 15% since the early trading hours while the bulls still appear to be well positioned
- Due to extreme bearish pressure, the bull is expected to remain passive during the weekends and soon jump in action as the asset reaches the lower support
- With a notable rebound from $89 or $90, the Quant price may regain the levels above $100 and continue with the upswing to reach $120 in the upcoming week
Thorchain (RUNE)
- Thorchain price since the beginning has maintained a notable descending trend forming constant lower lows and highs
- The asset is expected to consolidate throughout the weekend and gear up to inculcate a strong bullish momentum
- By the mid-week, the prices are expected to rebound finely from around $2 and set up a bullish path towards $6
- Once these levels are broken, the asset may further surge to test the upper resistance at $8 and woefully face rejection before testing $10
VeChain(VET)
- The VET price witnessed a couple of hefty price slashes that drained more than 60% since the May crash and by more than 76% since the 2022 highs
- The descending trend was fuelled by a couple of bearish flags, however, the asset refused to plunge after forming a bearish flag
- And hence the price may continue consolidating throughout the weekend and reach the apex of the consolidation
- As the bearish flag could not drag the price lower, the descending triangle may also not compel the price to trade lower. Therefore, a clear breakout beyond $0.03 appears imminent
