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<p>The post <a rel="nofollow" href="https://coinpedia.org/altcoin/top-altcoins-to-watch-next-week-loom-network-loom-bancor-bnt-and-solana-sol-prices-might-register-more-gains/">Top Altcoins To Watch Next Week: Loom Network (LOOM), Bancor (BNT) And Solana (SOL) Prices Might Register More Gains</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The market underwent a correction this week, influenced by rising inflation and interest rates. Bitcoin’s price stabilized in a balanced zone below $27K, sparking a shift in market sentiment. While leading altcoins struggled to deliver strong performances, numerous emerging projects captured attention this week, satisfying investors with their achievement of short-term price goals. Nonetheless, traders are wondering if LOOM, BNT, and <a href="https://coinpedia.org/price-analysis/sol-price-analysis-buyers-kick-back-solana-eyes-30/">SOL prices</a> can register additional gains in the upcoming week.</p> 
<h2 class="wp-block-heading" id="h-investors-switch-focus-to-new-altcoins">Investors Switch Focus To New Altcoins</h2> 
<p>As Bitcoin’s dream for a bullish surge fades, it forces investors to significantly adjust their portfolios. Furthermore, Glassnode indicates a net position change among HODLers in recent weeks, with Bitcoin’s low volatility and pressure from <a href="https://coinpedia.org/bitcoin/only-miners-can-revive-the-28k-bitcoin-price-dream-as-sths-pressure-plunges-network-activity/">short-term holders contributing</a> to a lazy market sentiment.</p> 
<p>As a result, emerging altcoins like Loom Network and Bancor Network are dominating social discussions, both logging massive gains over the past week. Therefore, the excitement surrounding these altcoins is rising, and a soaring trend might be witnessed in the upcoming week.</p> 
<h3 class="wp-block-heading" id="loom-network-loom-price-analysis">Loom Network (LOOM) Price Analysis</h3> 
<p>Loom price has recently touched the 20-day EMA trend line at $0.248, but bears failed to drive the price further below. Currently, bulls are now preparing for an escape to trigger a robust breakout next week.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh6.googleusercontent.com/lKvh4oO-eMkVp0G768HQ1fmTrwTY789qz3YS6xcReBBOsWR_bFgymuq0IEb6xjGGHUHTob1cG59uapE2BXISis4pzr8vJtVi5Ub47T4NaDruYFiy1cY3GbJ8LEs5kmdT6J1LhIPMzOGO7vxCV1r1xuA" alt="">
</figure> 
<p>Bears may attempt to drive the price down to a crucial support at $0.24, a level where robust purchasing by bulls is anticipated. Should the price decline from this level, LOOM price might head toward its breakout point at $0.19.</p> 
<p>In recent hours, buyers are making aggressive purchases, creating a breakout moment from its consolidation. A surge above $0.3 might validate a 3x gain and LOOM price might reach a high of $0.9.</p> 
<p>Also read: <a href="https://coinpedia.org/bitcoin/bitcoin-price-forecast-for-next-week-heres-why-btc-will-continue-to-struggle-for-an-uptober-trend-revival/">Bitcoin Price Forecast For Next Week: Here’s Why BTC Will Continue To Struggle For An ‘Uptober’ Trend Revival</a></p> 
<h3 class="wp-block-heading" id="bancor-network-bnt-price-analysis">Bancor Network (BNT) Price Analysis</h3> 
<p>In the last seven days, BNT price registered a gain of nearly 30%. Though the BNT price lost 50% of its gained value in the last three days, traders are preparing for another surge next week.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh3.googleusercontent.com/uNWVXLjduF2f7ebGIjKh3M_rx-80zEqHZ2IXLDeaMaPLVSRSVJRr0L9_7Fp07Lw8ugrqgrE6bS9vzx0LP_K62NhZC7c4KS1Fj2_aWCJVN7xDzc6EcqzpLiv6IJg_ymCcX25k-6wtzDaheoLOJwmQaOQ" alt="">
</figure> 
<p>Recently, the price attempted to drop below the EMA50 trend line at $0.449. However, buyers are now holding the momentum, creating buying pressure near dip. If the price surges above the pattern’s upward line, BNT price might attempt a surge above $0.61. Successful in this will push the BNT price above $0.7.</p> 
<p>However, a drop below $0.48 will validate a bearish path toward the breakout zone of $0.4-$0.42.</p> 
<h3 class="wp-block-heading" id="solana-sol-price-analysis">Solana (SOL) Price Analysis</h3> 
<p>Solana price recently dropped below the 200-day EMA following selling pressure from STHs. However, the SOL price has successfully rebounded from $21 and is now registering solid gains.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh6.googleusercontent.com/NIJ5VBbdDLW6uOS-btfdolalMWVn7ZYPKOjMa8qLhS8RREGhDkL0sC0Gv3wZ56ynItNnG9J9-vAsqy395ZfyrwB97NiQo15mUvVAFx75-BCLbjjIhilSvMpyeAylOrgGyMQc1fYnpm5VJhFk59XTZgc" alt="">
</figure> 
<p>The stable EMA lines and surging RSI line suggest an advantage for bulls. If SOL price surges above $22.5, bulls will try to take the price beyond $25 to strengthen their positions.</p> 
<p>Conversely, should the price drop below $21, it would skew the short-term advantage towards the buyers. Subsequently, the price might consolidate around $18.</p>

Top Altcoins To Watch Next Week: Loom Network (LOOM), Bancor (BNT) And Solana (SOL) Prices Might Register More Gains

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