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Rocky road lies ahead, but here are 5 altcoins that still look bullish

Published 08/28/2022, 02:51 PM
Updated 08/29/2022, 06:40 PM
Rocky road lies ahead, but here are 5 altcoins that still look bullish
BTC/USD
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The United States equities markets plunged on Aug. 26 following Federal Reserve Chair Jerome Powell’s speech, where he reiterated the central bank’s hawkish stance. Continuing its correlation with the equities market, Bitcoin (BTC) and the cryptocurrency markets also witnessed a sharp selloff on Aug. 26.

Bitcoin has declined about 14% this month, making it the worst performance for August since 2015, when the price had dropped 18.67%. That may be bad news for investors because September has a dubious record of a 6% average loss since 2013, according to data from CoinGlass.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
MATIC/USDT daily chart. Source: TradingView
MATIC/USDT 4-hour chart. Source: TradingView
ATOM/USDT daily chart. Source: TradingView
ATOM/USDT 4-hour chart. Source: TradingView
XMR/USDT daily chart. Source: TradingView
XMR/USDT 4-hour chart. Source: TradingView
CHZ/USDT daily chart. Source: TradingView
CHZ/USDT 4-hour chart. Source: TradingView

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