Three altcoins that have kickstarted Q4 rally: LINK, RDNT, FLOKI
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- Chainlink price has been on a tear for the last two weeks and has the potential for more upside.
- Radiant Capital price has breached a falling wedge and shows promise of further ascent.
- Floki Inu price also witnessed a huge spike in buying pressure and could continue its northbound move.
Crypto market volatility seems to be making a comeback with the start of 2023’s fourth quarter , and some altcoins are already making headway. Chainlink (LINK), Radiant Capital (RDNT) and Floki Inu (FLOKI) are some cryptos that are showing aggressive upside moves.
Chainlink price shows immense strength
Chainlink (LINK) price has shot up by 39% in September, pushing past the 15-month resistance level around the $7.80 area. This massive uptick now faces a decision – an extension of this move or a pullback. Considering recent whale activity, the chances of a northbound move are high.
The $7.80 support level is a good place for a bounce that leads to a retest of the $10 psychological level.
LINK/USDT 1-day chart
A decisive monthly candlestick close below $7.50 will invalidate the bullish thesis as it would breach the support level. In such a case, LINK could revisit $7.
Radiant Capital price triggers breakout
Radiant Capital (RDNT) price has breached a multi-month falling wedge setup, signaling the start of an uptrend. Additionally, RDNT bulls have also overcome the $0.250 hurdle. If the recently-breached level holds, investors can expect the altcoin to come face-to-face with the $0.297 and $0.334 hurdles, which would represent a roughly 15% and 28% increase from the current price of $0.261.
RDNT/USDT 1-day chart
A breakdown of the $0.250 support floor could open the chances of reentering the falling wedge setup. In such a case, RDNT could revisit the September 30 swing low at $0.231.
Floki Inu price shuts bears down
Floki Inu (FLOKI) price rallied nearly 20% on September 30 but pared some gains afterwards, closing the daily candlestick with a 12% return. Since then, FLOKI has rallied nearly 10% and currently trades at $0.0000202. If this momentum persists, the meme coin could revisit the $0.0000233 resistance level.
FLOKI/USDT 1-day chart
Regardless of the upbeat outlook, if Floki Inu price breaches $0.0000160, it would invalidate the bullish thesis. This move could see FLOKI revisit the swing lows formed around $0.0000152 for sell-side liquidity.
