TOP 3 altcoins with notable trends today – September 19th

In the past 24 hours, ImmutableX (IMX), Near Protocol (NEAR) and Avalanche (AVAX) have risen to lead the bounce back of the crypto market with impressive gains. Technical signals indicate that there is still room for growth, as the trend momentum is getting stronger and important resistance levels have yet to be tested.

ImmutableX breaks through with strong momentum

As of the trading session on Friday, IMX recorded an additional increase of 10%, marking a four-day consecutive price rise. This upward trend has broken through the 50% Fibonacci retracement level in the range from the peak on December 4 at 2,250 USD down to the bottom on June 22 at 0,335 USD, corresponding to the level of 0,868 USD. With this impressive breakout, the 61.8% Fibonacci retracement area at 1,087 USD becomes the next important resistance.

If IMX successfully conquers this level, the growth potential could be extended to the 78.6% Fibonacci retracement area at 1.497 USD.

The upward trend becomes even more certain as the 50-day EMA has just crossed above the 100-day EMA on Tuesday, forming a "golden cross" pattern – a classic signal indicating that the strength of the short-term bullish momentum is prevailing.

IMX/USDT daily chart | Source: TradingView Technical indicators collectively reinforce the optimistic view: RSI has bounced back strongly from the overbought area at 83, while the MACD line and the signal line continue to rise in a parabolic shape, accompanied by a continuously expanding green histogram.

On the contrary, in an unfavorable scenario, if IMX does not hold the level of 0.868 USD (Fib retracement 50%), the price is likely to retreat to the 200-day EMA at 0.656 USD.

Near Protocol maintains its upward momentum, aiming for the milestone of 3,845 USD

Near Protocol (NEAR) maintains a stable upward momentum as it breaks above the 200-day EMA at $2.861, while also surpassing the short-term resistance area formed by the two peaks on May 10 and July 21. As of the time of writing, NEAR has increased by more than 1% in Friday's session, extending its upward streak with a 12% gain in the previous session.

The current momentum is heading towards the 50% Fibonacci retracement level at 3,845 USD ( from the peak of 8,244 USD on December 6 down to the bottom of 1,793 USD on 22/6), thereby opening up a growth potential of nearly 20% for NEAR.

NEAR/USDT daily chart | Source: TradingView Technical signals on the daily chart continue to reinforce the optimistic trend: RSI moves deep into the overbought zone at 72, while the MACD line and the signal line maintain a solid upward momentum.

On the contrary, if the price reverses and falls below the 200-day EMA, the breakout scenario will become invalid and may correct deeply to the 50-day EMA at 2,642 USD.

Avalanche integrates PayPal's PYUSD, boosting the price surge

As of Friday's trading session, Avalanche continued to rise by 1%, extending a four-day consecutive increase following a more than 10% breakout on Thursday. This momentum is driven by the news that the Avalanche blockchain has officially integrated PayPal's PYUSD stablecoin – a move expected to expand the user base, increase liquidity, and strengthen demand for the native token AVAX.

Technically, AVAX has surpassed the 61.8% Fibonacci retracement level at 33.48 USD ( from the peak of 55.79 USD on December 4 to the low of 14.66 USD on 7/4). The current upward momentum is targeting the important resistance level of 78.6% at 41.91 USD, indicating that there is still room for growth.

AVAX/USDT daily chart | Source: TradingView Technical signals also reinforce a positive outlook: the RSI index has entered the overbought territory at 79, while the histogram of the MACD indicator continues to expand above the 0 line and the moving averages maintain a steady upward trend.

On the contrary, if it loses the mark of 33.48 USD, AVAX may face a correction, bringing the price back to the 50% Fibonacci retracement level around 28.60 USD.

SN_Nour