Crypto
Altcoin Rally Halted: Raydium, NEAR Protocol, and IOST Face Key Resistance
Three altcoins have delivered impressive gains in September: Raydium (RAY), NEAR Protocol (NEAR), and IOST. However, each of them now faces a different technical challenge.
RAY maintains a strong bullish structure despite signs of profit-taking near recent highs. The token's price is still above its 200-day EMA, indicating a positive trend.
NEAR also shows positive momentum after breaking above its earlier consolidation range. To strengthen its recovery and target higher levels, NEAR needs to clear the $2.55 resistance level.
IOST faces elevated selling pressure as it tests support near the 200-day EMA. The sharp spike followed by a reversal has led to increased selling pressure, making it difficult for IOST to continue its rally.