While Bitcoin is looking for stability, altcoins are subordinate to external signals that can change their course and even lead to sharp growth
We talk about three interesting altcoins, which should be followed in the third week of August.
1inch Network (1inch)
The 1inch network is preparing to update on August 19. This altcoin has recently been kept in the range without a clear orientation, but the upcoming announcement can play the role of a catalyst and raise 1inch to $ 0.273. If the bulls manage to wrap this level in support, the price can target $ 0.311, which will strengthen optimism and confidence in the market.
If investors remain passive after the news, 1inch can drop to $ 0.241 or even to $ 0.222. This development of events will abolish the optimistic forecast and will require caution from traders.
OKB (OKB)
OKB has grown significantly over the past week. The volume of token is halved, creating the conditions for the deficit. This attracted the attention of investors and helped the token per day rise by 28%. At the time of publication, OKB is traded at $ 119.8.
If the growth continues, altcoin can reach $ 143 and rush higher. If the pulse weakens and traders begin to fix profit, OKB can fall below $ 105, which will open the path to $ 77 and cancel the bull script.
Cyber (Cyber)
Cyber looks interesting this week thanks to listing on the upbit Korea on August 12. This event caused active purchases, which led to a token growth by 51% over the past seven days.
The bull impulse persists, and Cyber has grown by 16.45% over the past 24 hours. Now altcoin costs $ 2.79 and can reach $ 2.99. If the purchasing activity is preserved, the price will rise to $ 3.39, strengthening the optimism of investors.
If the impulse weakens, Cyber can lose recent achievements and break through support at $ 2.38. With increased sales, token can fall to $ 1.85, which will weaken the bull scenario and require caution from traders who count on short -term growth.
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Source: Cryptocurrency
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