The crypto space appears to be preparing for a bearish weekend as most of the assets are on the verge to experience a significant drop. The Bitcoin price is currently swinging around $20,500 and the global crypto market capitalization also has witnessed a slight growth that may keep up a bullish momentum alive. Therefore, some altcoins like QNT, BNB, RUNE, etc are expected to maintain a strong bullish trend ahead.
Quant (QNT)
The QNT price ignited a strong upswing ever since the beginning of the July trade and gained more than 103% to mark monthly highs beyond $110
However, the asset has plunged by more than 15% since the early trading hours while the bulls still appear to be well positioned
Due to extreme bearish pressure, the bull is expected to remain passive during the weekends and soon jump in action as the asset reaches the lower support
With a notable rebound from $89 or $90, the Quant price may regain the levels above $100 and continue with the upswing to reach $120 in the upcoming week
Thorchain (RUNE)
Thorchain price since the beginning has maintained a notable descending trend forming constant lower lows and highs
The asset is expected to consolidate throughout the weekend and gear up to inculcate a strong bullish momentum
By the mid-week, the prices are expected to rebound finely from around $2 and set up a bullish path towards $6
Once these levels are broken, the asset may further surge to test the upper resistance at $8 and woefully face rejection before testing $10
VeChain(VET)
The VET price witnessed a couple of hefty price slashes that drained more than 60% since the May crash and by more than 76% since the 2022 highs
The descending trend was fuelled by a couple of bearish flags, however, the asset refused to plunge after forming a bearish flag
And hence the price may continue consolidating throughout the weekend and reach the apex of the consolidation
As the bearish flag could not drag the price lower, the descending triangle may also not compel the price to trade lower. Therefore, a clear breakout beyond $0.03 appears imminent