Cryptocurrency experts name digital assets that will outperform bitcoin

Despite the fall of bitcoin BTC $62,880.43 Bitcoin 2.36% Market capitalization $1.24 trillion VOL. 24 hours $1.34 billion , cryptocurrency experts have identified altcoins that are likely to continue their growth and surpass the flagship crypto asset in terms of positive dynamics.

Chainlink (LINK)

The technical analysis of the weekly timeframe shows that the price of LINK $14.32 Chainlink 5.04% Market capitalization $8.71 billion VOL. 24 hours $23.71 million has been declining under the downward resistance trend line since June 2020. The decline led to a low of $ 0.18 in June 2023. LINK’s price broke out of the trend line after more than 1100 days, reaching a high of $ 0.45 in November before falling.

Despite the drop, LINK has regained its position and is trying to make another breakout. If successful, the price could rise 100% to the next resistance at ₿0.75.

Frax Share (FXS)

The price of FXS $3.01 Frax Share -0.13% Market capitalization $0.24 billion VOL. 24 hours $1.48 million has fallen under a descending resistance trend line since its all-time high of ₿0.0012 in early 2022. The trend line was confirmed several times, leading to a low of ₿0.13 in November 2023. If the growth of FXS continues, the cryptocurrency could rise by 100%.

Ethereum (ETH)

The price of ETH $3,473.22 Ethereum 2.49% Market capitalization $417.44 billion VOL. 24 hours $0.69 billion has been rising along with an ascending support trend line for 1,600 days. Most recently, the trend line was confirmed in early January (green icon — ed.), creating a large bullish candle.

The ETH price will confirm the bullish trend reversal by breaking out of the descending resistance line (dotted line). After that, it could rise by 50%.

Despite the bullish outlook for the ETH price, a weekly close below the rising support trend line could trigger a 30% drop.