The crypto fear and greed index has reached an extreme greed level of 86, and the altcoin season index has risen to 85, with most altcoins trailing Bitcoin. Here are some altcoins worth considering for buying and holding.
Chainlink, the leading oracle in the crypto realm, links off-chain data to on-chain platforms for major networks like AAVE, Compound, and Spark. Its total value secured exceeds $38 billion, and whales are accumulating its tokens. Technically, LINK has broken above the upper part of the cup and handle pattern and formed a bullish pennant. A golden cross occurred on Nov. 22 with the 200-day and 50-day Exponential Moving Averages turning positive. The next target could be $40, a 73% gain from the current level.
Shiba Inu is another altcoin of note. It has surpassed the crucial resistance at $0.00002942, completing a cup and handle pattern and forming a golden cross. It has broken above the first support of the Schiff pitchfork, with the MACD above the zero line and RSI at 65. The target is $0.000045, a 45% increase.
Pepe Coin, a popular meme coin, has shown strength. It has formed positive patterns such as a bullish flag, a falling wedge, and a cup and handle. It’s approaching the year-to-date high of $0.000026 from November 14. Signs suggest it could soon reach $0.00002860.
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