NEAR Protocol, Litecoin, Injective, Chainlink Hint at a Breakout as Crypto Winter Ends

The crypto markets are withstanding the winters, which are usually recorded in this month each year. Large price variations are seen with the popular

Crypto markets continue to exhibit strength during the winter months, with large price movements impacting the market. Among these, some mid-cap altcoins are hinting at breakouts. Here's a technical analysis of a few tokens on our radar:

1. Near Protocol (NEAR)

After trading within a crucial pattern that kept both the bullish and bearish hopes alive, the latest pullback dragged the levels below the range. However, the bulls managed to elevate the levels, hinting at the revival of a decent ascending trend.

The NEAR price regained levels within the triangle and despite decent selling pressure, the rally is expected to reclaim the resistance around $4.5. Although the MACD underwent a bullish crossover, it is yet to validate the move. Hence, after a brief consolidation, the price is expected to maintain an ascending consolidation and reach the apex, which may further trigger a breakout above $6.

2. Litecoin (LTC)

The Litecoin price approached the edge of the descending consolidation but within a bullish pattern. A recent rejection from the resistance is about to trigger a strong rebound as the technicals have jumped in favor of the token.

The LTC price reached the lower bands of Bollinger, which are going parallel with the upper bands. This hints at a drop in volatility, which may further be subjected to a squeeze. Also, the MACD remains within the negative range, heading for a bullish breakout.

Hence, after a brief consolidation, the Litecoin price appears to be poised to breach above the falling wedge and enter the resistance zone between $66 and $67. However, with the beginning of the last quarter, market dynamics are expected to change, which may push the price beyond $75.

3. Injective (INJ)

Injective price is also trading within a falling wedge, similar to that of Litecoin. However, the difference is that the INJ price has already broken from the range. But the previous attempt resulted in a fakeout, and hence a rise above the interim resistance zone may eliminate the possibility of a bearish pullback.

Observing the RSI suggests the levels trading within a decisive symmetrical triangle, which usually attracts bullish volume. As the RSI continues to accumulate, the price is also expected to consolidate just above the support zone between $18.23 and $18.76. But a rise to $30 appears to be on the cards in Q4 after surpassing the resistance zone between $28.05 and $28.90.

4. Chainlink (LINK)

Chainlink price had formed a head-and-shoulder pattern and was about to break down from the neckline just below $10. But the bulls managed to hold the rally and triggered a fine rebound, although they failed to rise above the crucial range. However[&ldots;]