Watch DOGE, LINK, and BNB for a Potential Breakout

A market intelligence platform has advised investors to watch for Bitcoin and four altcoins for a potential breakout after increased FUD.
Dogecoin (DOGE) is struggling from a lack of development and its fanboy Elon Musk shying away from the project.

Amidst negative sentiment around the crypto market and some of the top cryptocurrencies failing to regain their bullish mojo, Santiment has revealed that there is major negativity amongst the trading community. In a tweet on Friday, the market intelligence platform revealed that four cryptocurrencies, in particular, are facing the highest level of Fear Uncertainty, and Doubt (FUD).

😠 The majority of #crypto assets are seeing major negativity from the trading community right now. But keep your eye on $BTC, $BNB, $DOGE, and $LINK. These top caps are showing particularly high levels of #FUD that can lead to eventual breakouts. https://t.co/cSUnSfn88e pic.twitter.com/MyoOavHllw

— Santiment (@santimentfeed) September 23, 2022

These digital assets are Bitcoin (BTC), Chainlink (LINK), Dogecoin (DOGE), and Binance Coin (BNB). According to Santiment, these levels of negative sentiments mean a breakout for one or all could be on the horizon. It is important to note that all these coins have shed more than 80% of their value in the last couple of months after reaching their all-time high. in addition, these tokens enjoy some of the biggest trading communities in the crypto space.

In more recent weeks, these coins have been trading in a tight range. A breakout could be in either direction- a rally or plummet. Traders famously tout that investors should buy when others are afraid, which means we could see prices begin to pick up as demand rises. Equally, investors could begin dumping in fear that these coins are yet to bottom and lower lows are still to come. Either way, Santiment sees the new levels of FUD as a sign of calmness before the storm.

XRP Breaking out?

One particular coin looks like it’s already broken out having climbed by more than 50% in the last couple of weeks. In the last 7 days, the token has gained around 17% as noted by Santiment. In contrast, Ethereum (ETH) which has just undergone the Merge upgrade has lost nearly 16% during the same period.

📈 #XRPNetwork is +17%this past week, while #Bitcoin (-5%), #Ethereum (-16%), and most of #crypto has declined. The ongoing battles between #Ripple & the #SEC regarding increased regulation has mainly led to increased trader optimism & high whale movement. https://t.co/QT81FtWJvB pic.twitter.com/YY4SOJWXaC

— Santiment (@santimentfeed) September 21, 2022

XRP is enjoying positive sentiments from the community with a majority expecting the SEC vs Ripple lawsuit to come to a conclusion soon. Based on the details provided throughout the two-year period, investors are confident of a Ripple win.