#AltcoinBreakout š What is a breakout?
In trading, a breakout occurs when the price of an asset exceeds a resistance zone or falls below a key support level, confirming a strong directional movement. In the case of altcoins, these breakouts are often accompanied by large volumes and speculative enthusiasm.
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š Altcoins that have broken out of the mold
1. Solana (SOL)
After months of sideways consolidation, SOL broke the resistance zone at 155 USD with high volume, fueled by activity in DeFi and NFT.
2. Chainlink (LINK)
It broke the 17 USD zone and continued the upward trend due to the increasing demand for decentralized oracles.
3. Injective (INJ)
It broke out of a downward channel, signaling a possible new bullish cycle, alongside new integrations in the Cosmos ecosystem.
