Three altcoins to consider as crypto fear and greed index hits 85

Top Altcoins to Consider for Investment

The cryptocurrency market's Fear and Greed Index has reached an extreme greed level of 86, indicating potential gains in the near future. Furthermore, the Altcoin Season Index has climbed to 85, as altcoins generally remain undervalued compared to Bitcoin. Here are some promising altcoins worth considering:

Chainlink (LINK)

Chainlink (LINK) is the leading oracle in the crypto industry. It connects off-chain data to on-chain platforms, supporting major networks such as AAVE, Compound, and Spark. Its total value secured has exceeded $38 billion, with whales consistently accumulating the token.

Chainlink's price displays strong technical indicators. It has recently breached the upper edge of a cup and handle pattern and formed a bullish pennant pattern, which commonly precedes a significant bullish breakout.

On November 22, LINK formed a golden cross, where the 200-day and 50-day Exponential Moving Averages (EMAs) crossed above the zero line. This crossing suggests a bullish trend, and LINK's next target could be $40, representing a 73% increase from its current price.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is another notable altcoin amid the current market greed. It has exceeded a crucial resistance level of $0.00002942, completing a cup and handle pattern.

SHIB also exhibits a golden cross, indicating further upward potential. It has surpassed the first Schiff pitchfork support level, and its MACD and RSI indicators are both bullish.

These technical factors suggest that SHIB may continue to rise, targeting $0.000045, a potential increase of 45% from its present value.

Pepe Coin (PEPE)

Pepe Coin (PEPE), a meme coin, has also performed well and has the potential to climb further. It has formed positive patterns such as a bullish flag, falling wedge, and cup and handle.

PEPE is attempting to break above its year-to-date high of $0.000026, which was reached on November 14. By measuring the distance between the cup's upper and lower boundaries, there are indications that PEPE could soon rise to $0.00002860.