The crypto market hasn’t been favorable for the past few days, but some altcoins have continued to show tremendous strength despite the price of Bitcoin (BTC) looking uncertain as the price could retest the region of $21,500 after losing a key support area holding the price of Bitcoin afloat.
Bitcoin’s price has struggled with a less convincing monthly close, as the price could retest lower regions of $21,500 to $20,500. If the price of Bitcoin loses these key levels, we could see the price affecting the general market conditions.
Other Reading: Bitcoin Reclaims $23,500 As Maker DAO Eyes A Rally To $1,000
Despite the price of Bitcoin facing several rejections, these 3 altcoins, Maker DAO (MKR), Yearn Finance (YFI), and Lido Finance (LDO), have all remained strong above their key regions and showing some price bounce.
Altcoins – Yearn Finance (YFI) Price Analysis
The price of YFI has been really impressive as the price found a bottom at $5,000 as the price rallied to a high of $10,000; this has been over 100% price rally for the price of YFI.
The price currently faces resistance at $11,000. If the price breaks above this region of $11,000, we could see the price rallying to a high of $14,000, where YFI price could face a sell-off in price.
Despite the uncertainties in BTC, the price of YFI has shown strong price action holding up pretty well as it attempts to rally toward $11,000 and higher if the buy orders in the region of $11,000 overcome this resistance.
Maker DAO (MKR) Price Analysis
The price of MKR has shown much strength after reclaiming its price above $800 as the price aims to rally to a high of $1,000.
MKR looks good, holding well above $800; if the price of MKR maintains this momentum, we could see the price hitting the high of $1,000 in the coming weeks.
Lido Finance (LDO) Price Analysis
The price of LDO has respected its support from dropping lower below $2.7 and has maintained strong momentum to rally past $3. If the price holds above $2.7, LDO will maintain its rally as an altcoin to pay attention as the price could rally to a high of $3.5 and even $4.
