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The price action displayed by top altcoins lately has yet to be encouraging with the erratic market price movement after a cascading effect experienced by FTX drove many altcoins including the price of Ethereum (ETH), to fight for their survival. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market has yet to take a big leap forward. Yet, these top 4 altcoins have recently seen significant price moves despite the uncertainty surrounding the crypto market, which has sparked a lot of fears about where the market might be headed. (Data from Binance)

Disclaimer: The choices listed in this article should not be considered investment advice. Always do your research and only invest what you can afford to lose.

Top 4 Altcoins – Trustwallet (TWT) Token Price Analysis on Daily Chart

TWT Daily Price Chart | Source: TWUSDT Tradingview.com

The past few days have been filled with so much turmoil in the crypto space that many altcoins have struggled to show strength after losing key support to prevent price declines.

The current uncertainty surrounding the market has resulted in a reluctance on the part of traders and investors to make altcoin purchases as there is no guarantee they will be heading anytime soon.

TWT was a standout performer during this time as the price rose over 100% in less than 48 hours as the price broke out with strong bullish sentiment above $1, hitting a high of 2, $7 before being rejected in a region of $3.

TWT price is trading at $2.1, holding well above the 50 and 200 Exponential Moving Averages as the price contemplates a further upward move. If the price maintains its structure and bullish movement, we could see the price rally to $3.

Litecoin (LTC) price analysis on the daily chart (1D)

LTC Daily Price Chart | Source: LTCUSDT Tradingview.com

LTC price recently outperformed BTC after showing a bullish trend despite market uncertainty due to the FTX fiasco.

Although it was rejected in a $50 region, LTC price rebounded in this area as price recovered to recover the 50 EMA acting as strong support for LTC price.

If the price of LTC holds above $60, we could see the price surge to a high of $65-$70 in no time.

GMX Price Analysis on the Daily Chart (1D)

GMX Daily Price Chart | Source: GMXUSDT Tradingview.com

GMX price was rejected from its $48 resistance and is currently trading at $39.

GMX maintained its bullish structure despite the rejection and market turmoil that plagued most crypto projects. GMX price needs to hold above the $35 region to prevent the price from falling.

Top 4 Altcoins- Chiliz (CHZ) price analysis on the daily chart (1D)

CHZ Daily Price Chart | Source: CHZUSDT On Tradingview.com

CHZ price continued to show bullish trends holding well above the 50 EMA.

Despite the pullback of crypto assets in the market, CHZ continued to look strong, honoring the bullish trend line.

The price of CHZ broke the resistance at $0.236, a close above this region could send the price to a region of $0.3.

Featured image from zipmex, Charts from TradingView.com



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