Altcoins for the coming week: QNT, RUNE and VET may soar in price

The crypto space is preparing for a bearish weekend as most assets are on the verge of experiencing a significant downtrend. Bitcoin price is currently swinging around $20,500 and the global crypto market capitalization has also seen a slight increase which could keep a bullish momentum alive. Therefore, some altcoins like QNT, BNB, RUNE, etc. are expected to maintain a strong bullish trend ahead.

Quantity (QNT)

• QNT price jumped strongly since the start of July trading and surged over 103% to mark monthly high above $110

• However, the asset is down more than 15% since opening trading hours, while the bulls still look to be in good shape

• Due to excessive bearish pressure, the bulls are expected to remain dormant during the weekend and will soon jump into action as the asset reaches lower support

• With a notable rally from $89 or $90, quant price is likely to retest the levels above $100 and continue to reach $120 in the coming week.

Thorchen (run)

• Thorchen price has maintained a notable descending trend since the beginning, consistently making lower lows and highs

• The asset is expected to consolidate over the weekend and set to build a strong bullish momentum

• By the middle of the week, the price is expected to rebound subtly from around $2 and take a bullish path towards $6

• Once these levels are breached, the asset is likely to rise further to test the upper resistance at $8 and face rejection before testing $10.

VeChain (VET)

• The price of VET saw some huge price drops, having fallen by over 60% since the May crash and over 76% since the 2022 high.

• The declining trend was driven by some bearish flags, however, the asset refused to dip after forming a bearish flag

• And so the price may consolidate throughout the weekend and reach the top of the consolidation

• As the bearish flag cannot pull the price lower, the descending triangle also cannot force the price lower. Therefore, a clear breakout above $0.03 appears imminent

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