๐๐๐ Best Altcoins to Watch in November: Chainlink (LINK), Pepe Coin (PEPE) and Terra (LUNA) Are Ready for the Rise
Chainlink (LINK) Price Analysis
Chainlink encountered resistance around $11.7Dec due to the sell-off among shareholders. Currently, the LINK price is trying to test the upcoming support level to confirm a clear move.
However, the bulls managed to maintain their positions quite well, which indicates that investors are not in a hurry to make gains and expect the positive trend to continue. The LINK price will test $9.6 and could spark a rebound if buyers stay strong.
An increase will move the price to $ 19.4 next week. However, the decline will push the price towards a consolidation around $ 7.5.
Pepe Coin (PEPE) Price Analysis
In recent days, the Pepe coin has witnessed a high drop from $ 0.0000013; however, buyers are keeping the price above the $ 0.0000011 support.
The Pepe price is expected to test the patience of buyers close to the support level soon, and if it witnesses aggressive purchases close to the decline, the Pepe coin may trigger a strong recovery. In this case, we can see that the price has risen above $ 0.0000019.
However, this scenario may not apply if the market experiences a decline below the 38.2% Fib channel, which indicates that the bulls are selling with smaller price drops. This type of activity can send the price into the fall zone.
Terra Luna (LUNA) Price Analysis
The price of Terra Luna has shown a strong comeback recently, indicating bullish momentum and aggressive buying.
Luna's momentum caused the price to break the resistance barrier of $0.48 recently. But the extended wick is showing resistance, with sellers stepping back to higher prices. The bears are currently trying to fall below the $0.43 support.
a rebound from the $0.43 level will signal a change towards the bullish trend, sending LUNA's price towards $0.5 and then towards $0.55. However, a drop below the support will cause LUNA's price to consolidate around $ 0.4.
