Three altcoins to consider as crypto fear and greed index hits 85

The crypto fear and greed index rose to the extreme greed level of 86, signaling potential gains in the near term.

Similarly, the altcoin season index rose to 85 as most altcoins continued to underperform Bitcoin. Below are some of the best altcoins you can consider buying and holding.

chain link

Chainlink (LINK) is the largest oracle in crypto, powering major networks like AAVE, Compound, and Spark by bridging off-chain data to on-chain platforms. Its total value, secured by the steady accumulation of tokens by whales, exceeded $38 billion.

Chainlink price has strong technicals as it moves just above the top of the cup and stem pattern. It has also formed a bullish pennant formation consisting of a long vertical line and a symmetrical triangle formation. In most cases, this pattern usually leads to a strong uptrend.

LINK formed a golden cross on November 22 as the 200-day and 50-day Exponential Moving Averages turned positive. With these indicators, LINK’s next target could be $40, which represents a 73% increase from its current level.

LINK price chart | source: crypto.news Shiba Inu

Shiba Inu (SHIB) is another altcoin to watch amid growing market greed. The token completed the cup and handle pattern by breaking above the critical resistance level of $0.00002942.

SHIB also formed a golden cross, indicating continued upside potential. It has broken above the first support of the Schiff fork, the MACD indicator is above the zero line and the RSI is standing at 65.

These technicals suggest that SHIB could move higher with a target of $0.000045, up 45% from its current level.

SHIB chart | source: crypto.news Pepe Coin

Pepe Coin (PEPE), another popular memecoin, has also performed well and may continue to rise this year. It has formed many positive formations such as the bullish flag, falling wedge, and cup and handle.

Pepe is also trying to break above its year-to-date high of $0.000026, which was the highest rise on November 14th. By measuring the distance between the top and bottom of the cup, there are signs that the cryptocurrency will jump to $0.00002860 in the future. in the near term.

Pepe painting | Source: crypto.news