Kryptodata

  • Market Cap: $2,726,254,376,173.61
  • 24h Vol: $91,731,399,286.06
  • BTC Dominance: 49.61%
Can MKR, AAVE, RUNE, and INJ Benefit from Bitcoin's 'Uptober'?

Can MKR, AAVE, RUNE, and INJ Benefit from Bitcoin’s ‘Uptober’?

Bitcoin tends to rally in October, which could benefit altcoins like MKR, AAVE, RUNE, and INJ.

Bitcoin fell roughly 11% in Q3 2023 but had a positive monthly close in September.

CoinGlass data shows that October has a bullish track record for Bitcoin.

Altcoins are showing strength and trying to break above resistance levels.

Bitcoin’s relief rally to $28,000 could further boost altcoin momentum.

Bitcoin is trading above moving averages, indicating a positive sign for buyers.

MKR broke above $1,370, signaling a new uptrend.

AAVE is trying to break above the downtrend line, indicating a potential trend change.

RUNE has reached overhead resistance at $2, weakening it.

INJ has been swinging inside a range between $5.40 and $10, presenting trading opportunities.

Moving averages and RSI indicate bullish momentum for MKR, AAVE, and INJ.

Summary:

– Bitcoin tends to rally in October, benefiting altcoins.

– Altcoins like MKR, AAVE, RUNE, and INJ are showing strength and trying to break resistance levels.

– Bitcoin’s relief rally to $28,000 could further boost altcoin momentum.

– MKR broke above $1,370, signaling a new uptrend.

– AAVE is trying to break above the downtrend line, indicating a potential trend change.

– RUNE has reached overhead resistance at $2, weakening it.

– INJ has been swinging inside a range between $5.40 and $10, presenting trading opportunities.

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