- The bullish trend might push the LUNA up by 11% and retest the 100 barrier level.
- It seems that KNC held its own throughout this consolidation phase of the market.
Let us look at the top 3 altcoins to watch out for in March 2022.
THORChain (RUNE) is one of the most creative liquidity protocols in the industry, enabling users to freely swap multiple crypto assets while preserving maximum control over their money. The THORChain network was down for six hours in the early hours of March 19th. However, since then, it has rebounded. This isn’t entirely surprising given the platform’s enormous popularity in 2022. In reality, the disruption was predicted to postpone the hard fork by six hours the following Monday. It’s worth noting that the system’s loudness increased once synthesizers were included. As a result, synth volume/TVL increased by 700%.
The LUNA/USDT pair’s value was depreciated by 15%, hitting $86. The purchasers remained above this new flipped support and attempted to rebound with a double bottom pattern, which was met with failure. The bullish trend might push the cryptocurrency up by 11% and retest the 100 barrier level. On March 10th, the Terra (LUNA) price retested the $100 level. It fell to $86.5 support after the more substantial price rejection candle at this level suggested an approaching downturn.
Kyber Network Crystal (KNC)
The next altcoin is the Kyber Network Crystal, a multi-chain liquidity hub. It seems that KNC held its own throughout this consolidation phase of the market. When the rest of the market was deflating, it was surging. In the $3.50 to $4 price range, it’s about to reach an extremely hazardous area. As in early 2021, this massive supply zone has already been reduced.