The crypto market is in the middle of a strong comeback, with Bitcoin near the $70,000 mark and Altcoins showing strength.
Mantra is a top performer and is above key moving averages, with THORChain recently breaking out of a falling wedge pattern.
Ordi is forming a golden cross pattern, and Fantom is ready to break out and reach higher price levels.
Dogecoin is in a strong uptrend and is attempting to break above the $0.15 resistance level.
The crypto market is standing at its strongest in months at the time of writing.
Bitcoin is trading at around $68,000, only a few pips away from hitting and breaking the crucial $70,000 resistance.
The crypto market’s heatmap
This massive growth is reflected in the crypto heatmap, where Bitcoin and the Altcoin market appear healthy and ready to explode at any minute.
But where does this leave investors? The market will likely become massively volatile with the US presidential election set to take place on 5 November.
Investors looking to take advantage of this incoming rollercoaster should watch out for these major altcoins, which are ready to dominate the week.
Mantra has been a significant performer on the daily, monthly, and even weekly timeframes.
According to data from CoinMarketCap, the cryptocurrency is up by a staggering 11% over the 24 hours before writing.
The price performance of Mantra
This alone makes it the best-performing cryptocurrency among the top 100.
In the weekly timeframe, Mantra is trading slightly on the low side with a 12% price increase over the last month.
We can see evidence of this growth in the charts, where Mantra is in the middle of a strong uptrend, as illustrated below:
Mantra’s price performance
The cryptocurrency is trading above its 25- and 99-day EMAs, which is encouraging.
Moreover, the Fibonacci retracement tool shows a clean rebound off the $1.247 support, as illustrated.
This shows that the bulls are active and have prevented a more significant drop towards the psychological $1 support.
Investors should watch for Mantra because a break above its local high of $1.6253 from 14 October would form a new higher high.
This high would be the ultimate trigger for a rally towards $2 or even higher.
RUNE is also one of the top performers on the daily timeframe, with a 7.5% price increase.
THORChain’s price
In the weekly timeframe, the cryptocurrency is up by around 11%, which is still highly impressive.
This growth is further reflected in the charts, where the cryptocurrency recently broke out of the falling wedge illustrated below:
Breaking out of the falling wedge
This break out of the wedge left the cryptocurrency trading in a range between the $4.446 and $5.947 price levels, as illustrated above.
Within this range, RUNE has been showing signs of a minor uptrend.
This means that investors must keep an eye out for what happens around $5.947.
If a break above this price level occurs, RUNE could see a price explosion toward the next resistance level, around $7 or even higher.
Overall, the major resistances for the cryptocurrency include $7, $8, $9.36, and $11.4.
Ordi is slightly bearish on the weekly timeframe but is making up for this weakness with a 7% price increase.
ORDI Price Performance
This shows an impulse move from the bulls to the upside as part of a more significant movement.
According to the charts, the volume/liquidation spike on 5 August shows that the $20.72 price level was a local bottom.
Golden cross formation on ORDI
Since hitting this bottom, ORDI has been trying (and failing) to break and close above the $37.38 resistance.
As illustrated, the 25 (red) and 99-day (blue) EMAs are on the verge of a golden cross formation.
This indicates that the bulls just might have a chance to make things work.
Like the other two, investors must watch out for what happens around $37.38. The next successful break and close above this price level could be a buy signal for a jump towards $50.
Fantom has also been beaten down over most of the week by the general market's weakness.
However, according to CoinMarketCap, the bulls are back in action and have caused a 6% comeback in 24 hours.
Fantom’s ongoing comeback
The charts show that the cryptocurrency has been consolidating between $0.6279 and $0.7425 since 18 September—more than a month now.
Stuck in limbo
Considering the new wave of election-fueled volatility in the market, one of these price levels will likely break this week.
In the event of a break above $0.7425, Fantom will explode towards the next resistance levels around $0.85, $1, and $1.23.
Last but not least, we have Dogecoin—the memecoin king.
Price performance of Dogecoin
Dogecoin is up by an impressive 6.28% over the 24 hours before writing, even though it trades slightly under the 1% mark on the weekly.
In the charts, the cryptocurrency shows a strong and healthy uptrend after successfully rebounding off the psychological $0.1 resistance.
Last week, after hitting a high of $0.15, the Dogecoin bears caused a rejection towards $0.13.
Dogecoin’s price performance
However, as illustrated, the memecoin is on the verge of a comeback and should be ready to make a new higher high soon.
This $0.15 price level also coincides with the 61.8% Fibonacci retracement level illustrated above, which should trigger a price rally towards $0.167 and $0.187 or even higher.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.