TradingView has three ALT coins that are rallying and rising in its charts amidst this era of price and market retracement in the cryptocurrency industry, namely REEF, LINK, and VET, also known as Vechain. These three coins are defying the market with their stronghold of its prices, despite top coins like Bitcoin and Ethereum going with their retracement procedures.
There is a trend in the cryptocurrency industry now called retracement, which is a temporary pullback of the financial instruments, particularly with its prices, having no shift to its larger trend (as per Investopedia).
TradingView: Top 3 ALT Coins Retaining Prices
TradingView shows a list of the top 3 ALT coins which are retaining prices or going against the current market retracement in the cryptocurrency industry now, one that defies the trends that top coins are going through.
According to STL News, these coins are rallying the prices of their respective currencies in the market, amidst the drop from known names in the industry including Ethereum at $1,313 (as of November 9, via CoinMarketCap) and Bitcoin at a low $18, 240 (as of November 9, via CoinMarketCap).
As the crypto market sees a downward trend in the present, as well as the market retracement trend taking place now, these coins below, are going strong with their prices.
The following move their prices around several trends, but not necessarily along the currents of the market retracement.
VET - Vechain
Vechain is one of the most known ALT coins in this list, especially as it holds strong performances over the past months and years in the many lists and platforms in the world. VET currently holds above its critical support price at $0.025, with chances to break its region, trading its coins to as much as $0.03 in the future.
It previously rallied from its low price point which dropped to $0.02.
REEF Coin
REEF pushes through the market with its current daily resistance price at $0.0065, and a daily support price of $0.0051, but is seeing a drop via CoinMarketCap, now trading at $0.004148.
Nevertheless, it needs to hold above its critical support price at $0.0055, to which it previously rallied and upped its prices for the public.
LINK - Chainlink
LINK or Chainlink is rallying to break out of its current zone at $9, to a massive leap to $12 in its selling price for the public to avail of and trade with other coins. However, STL said that the ALT coin is seeing resistance to a market retracement in the present, with LINK USDT on TradingView showing a strong trend for its prices.
Link's current weekly resistance is at $9.2, showing good signs of maintaining its prices and going against the market retracement trends.
On the other hand, its weekly support for its LINK prices stays at $8, a massive improvement and maintenance of its price.
Despite the many disputes on cryptocurrency regarding its volatility and security, global banking leaders still see it as something that would play a massive role in shaping the future. Many are still eyeing its breakthrough in the future, with the declining market still seeing platforms and coins released in the present and continuing their operations.
Read also: CryptoWatch: Binance Transactions US Sanctions, Wuhan's NFT, and Global Banks' View on Digital Coins
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Written by Isaiah Richard
