{"id":31992,"date":"2022-10-14T12:31:09","date_gmt":"2022-10-14T12:31:09","guid":{"rendered":"https:\/\/egrowonline.com\/?p=31992"},"modified":"2022-10-14T12:31:09","modified_gmt":"2022-10-14T12:31:09","slug":"these-altcoins-may-stand-strong-amid-the-bear-market-but-will-they-rebound","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=31992","title":{"rendered":"These Altcoins May Stand Strong Amid the Bear Market, But Will They Rebound?"},"content":{"rendered":"


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The bearish pressure on the cryptocurrency markets is starting to ease slightly as Bitcoin prices quickly recovered from their recent lows of around $18,200. The BTC price broke down from the bearish flag, marking the bottom, which offered a catapult action to rise nearly 10% from its lows. Meanwhile, some of the altcoins stood strong, withstanding the bearish pressure and presently gearing up to establish a successful Uptober.\u00a0<\/p>\n

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Ethereum (ETH)\u00a0<\/h2>\n
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The Ethereum<\/a> price surged notably before the FUD circulating around the CPI rates dragged the asset below $1200. However, the prices rose notably and reached the upper resistance of the falling wedge. After a brief consolidation, the price may rebound and pierce through the pattern to reach immediate highs of around $1508.97.\u00a0<\/p>\n

Polygon (MATIC)\u00a0<\/h3>\n
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Polygon<\/a> is among the platforms that have been constantly working to strengthen the Ethereum network and the DeFi\/NFT space. The MATIC price, however, tanked heavily and reached close to $0.7, but the price quickly rebounded and surged by 15% to regain levels above $0.8. The price is expected to rise well beyond $0.84 after withstanding a couple of bearish interferences.\u00a0<\/p>\n

Avalanche (AVAX)\u00a0<\/h3>\n
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The price of the Avalanche<\/a> has sharply declined, continuing a clear downward trend that began around the middle of September. However, the asset rebounded quickly after reaching the bottom below $15. Price is attempting to amplify the bullish candle that is currently in place in order to spark a significant upswing over the upcoming weekend. After rising above $17, the asset might experience some bearish action, drop back to the same support level, and then start to rise again.\u00a0<\/p>\n

Collectively, the markets seem to have rebounded significantly and are believed to continue on a decent upswing until the weekend. However, the weekend trades are expected to turn the tables for the altcoins as well and witness significant price action.<\/p>\n<\/div>\n

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The bearish pressure on the cryptocurrency markets is starting to ease slightly as Bitcoin prices quickly recovered from their recent lows of around $18,200. The BTC price broke down from the bearish flag, marking the bottom, which offered a catapult action to rise nearly 10% from its lows. Meanwhile, some of the altcoins stood strong, […]<\/p>\n","protected":false},"author":1,"featured_media":20040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,1251,219,1104,2313,2167],"class_list":["post-31992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-bear","tag-market","tag-rebound","tag-stand","tag-strong"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/altcoin.webp.webp","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31992"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31992\/revisions"}],"predecessor-version":[{"id":31993,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31992\/revisions\/31993"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/20040"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31992"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}