Bitcoin price reclaims $35K — Will ATOM, UNI, NEAR and AXS rally next?

Lets look at the charts of the top-5 cryptocurrencies that might extend their rally in the next couple of days.Bitcoin rate analysisBitcoin continues to trade near the $35,000 resistance and the rate action of the past few days has actually formed a rising channel pattern. They will then once again try to thrust the cost above $36,000 and resume the uptrend.On the contrary, if the rate turns down and breaks listed below the 20-day EMA, the BTC/USDT pair might plunge to the strong support zone between $32,400 and $31,000. If bulls maintain the price above $8.20, the pair is most likely to start the next leg of the up-move to $8.91. Related: Why is Cardano price up today?Near Protocol rate analysisNear Protocol (NEAR) has actually increased sharply in the previous few days, showing that the bulls are attempting a comeback.NEAR/ USDT day-to-day chart. The set could increase to $6 where the bears may again install a strong defense.If the rate turns down from this level, the pair might drop to the 20-EMA.

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The S&P 500 Index soared 5.85% recently, its best performance because November 2022. A large part of the gains were fuelled by expectations that the Federal Reserve will not hike rates anymore. In comparison, Bitcoin (BTC) had a much muted performance with a rise of approximately 2%. However, a positive sign for cryptocurrency investors is that a threat on belief is most likely to benefit the crypto space. Crypto market data daily view. Source: Coin360Bitcoins increase attracted investments in numerous beaten-down altcoins, which are increasing from their long-term sleep. If Bitcoin does not collapse, the healing might spread out to coins that have still not took part in the rise.Even as Bitcoin gets in a variety, select altcoins are revealing signs of moving higher. Lets take a look at the charts of the top-5 cryptocurrencies that might extend their rally in the next few days.Bitcoin cost analysisBitcoin continues to trade near the $35,000 resistance and the price action of the past couple of days has formed a rising channel pattern. After a sharp rally, a tight rising channel is generally considered a negative sign.BTC/ USDT day-to-day chart. Source: TradingViewIf the price declines and skids listed below the channel, it may lure several aggressive traders to book earnings. That may pull the rate to the 20-day exponential moving average ($33,033). A strong rebound off this level will suggest that the bulls stay in command. They will however attempt to thrust the rate above $36,000 and resume the uptrend.On the contrary, if the price rejects and breaks listed below the 20-day EMA, the BTC/USDT pair might plunge to the strong assistance zone between $32,400 and $31,000. The bulls are expected to defend this zone with all their may because a break below it will tilt the benefit in favor of the bears.BTC/ USDT 4-hour chart. Source: TradingViewThe set has been slowly rising inside the rising channel pattern however the unfavorable divergence on the relative strength index (RSI) recommends that the bullish momentum might be weakening. If bulls wish to retain control, they will need to kick the cost above the channel. If they handle to do that, the pair might rally to $40,000. The bears are most likely to have other strategies. They will attempt to sink the rate listed below the channel and get the advantage. If they succeed, the set may tumble to $32,400. Cosmos cost analysisCosmos (ATOM) increased above the $7.60 resistance on Oct. 30, which finished a double bottom pattern. The bulls successfully safeguarded the breakout level between Nov. 1-3. ATOM/USDT everyday chart. Source: TradingViewBuyers propelled the cost above $8.25 on Nov. 5, suggesting the resumption of the uptrend. The pattern target from the breakout of the bullish setup is $8.91. This level might serve as a barrier but if crossed, the ATOM/USDT pair might run up to $10. The important support to see on the disadvantage is $7.60. It will recommend aggressive selling at greater levels if bears pull the cost below this level. The set might then dispose to the 50-day SMA ($7.07). ATOM/USDT 4-hour chart. Source: TradingViewThe 4-hour chart reveals that the price increased above the neighboring resistance of $8.20, indicating a small advantage to the buyers. If bulls maintain the price above $8.20, the set is most likely to start the next leg of the up-move to $8.91. Contrarily, if the cost turns down and breaks below the 20-EMA, it will suggest that the markets have actually rejected the higher levels. That might result in long liquidation and pull the price to the strong assistance at $7.60. Uniswap cost analysisUniswap (UNI) reached the overhead resistance of $5 on Nov. 2 however the bulls could not overcome the barrier. UNI/USDT day-to-day chart. Source: TradingViewA small positive in favor of the bulls is that they have not delivered ground to the bears. The moving averages have completed a bullish crossover and the RSI remains in the positive zone, showing that the bulls have the upper hand. The UNI/USDT set could rise to $6 and afterwards to $6.40 if buyers propel the price above $5. Contrary to this assumption, if the cost declines from $5, it will suggest that the bears continue to safeguard the level with vigor. That might pull the cost to the 20-day EMA ($4.36), which stays the essential level for the bulls to safeguard if they wish to keep their advantage.UNI/ USDT 4-hour chart. Source: TradingViewBuyers preserved the price above the 20-EMA however they might not conquer the obstruction at $5. This indicates that the bears have actually not quit and are attempting to return in the game. A break and close listed below the 20-EMA will even more enhance the bears. The pair might then plunge to $4.50. On the other hand, if the cost turns up from the 20-EMA with force, it will show that the bulls continue to buy on dips. That increases the likelihood of a break above the overhead resistance of $5. The pair might climb up to $5.50 if that occurs. Related: Why is Cardano rate up today?Near Protocol cost analysisNear Protocol (NEAR) has actually increased sharply in the previous few days, indicating that the bulls are attempting a comeback.NEAR/ USDT daily chart. Source: TradingViewThe bears installed a stiff resistance at $1.63 however a motivating sign was that the bulls did not enable the price to dip listed below $1.43. This recommends that the purchasers were in no rush to book revenues as they prepared for the rally to continue. The NEAR/USDT set could climb up to $2 if purchasers sustain the rate above $1.63. The risk to the up-move is the overbought levels on the RSI. This suggests a possible consolidation or correction in the near term. If the cost slips below $1.63 the bears will once again attempt to push the pair listed below $1.43. NEAR/USDT 4-hour chart. Source: TradingViewAfter consolidating in a tight range between $1.43 and $1.59 for some time, the bulls asserted their supremacy and pressed the cost higher. The pair could first reach $1.78 and afterwards attempt a rally to $2. The rising moving averages indicate advantage to purchasers but the overbought levels on the RSI suggest that a debt consolidation or correction is possible in the brief term. A drop listed below the 20-EMA will be the first sign that the bulls are losing their grip. The pair might then drop to the 50-SMA. Axie Infinity price analysisAxie Infinity (AXS) has been in a strong recovery stage for the previous several days but the bears have not quit and are offering near $6. AXS/USDT daily chart. Source: TradingViewThe bears tried to tug the price to the 20-day EMA ($5.11) however the bulls bought the dips below $5.40 as seen from the long tail on the candlesticks. Purchasers are trying to resume the uptrend by pressing the rate above $6. If they can pull it off, the AXS/USDT pair might begin the northward march to $6.55 and subsequently to $7. They will have to tug the cost listed below the 20-day EMA if bulls desire to prevent the uptrend. The set then risks a deeper correction to $4.65. AXS/USDT 4-hour chart. Source: TradingViewThe pair broke above the symmetrical triangle pattern on the 4-hour chart, suggesting the resumption of the uptrend. The pair might increase to $6 where the bears might again mount a strong defense.If the cost refuses from this level, the pair may drop to the 20-EMA. A strong bounce off this assistance will improve the potential customers of a rally above $6. The pair might then leap to $6.40. If they pull the price listed below $5.17, the bears will be back in the motorists seat. This post does not consist of investment guidance or suggestions. Every financial investment and trading relocation involves threat, and readers must conduct their own research study when making a decision.