"Altcoins Surge: AVAX, OM, RUNE Eye Major Gains Amid Unlocks and Updates"

The crypto market has shown limited favorability to bulls over the past week, but certain altcoins continue to register gains driven by external developments. Others are sustaining their uptrend, edging closer to all-time highs. This week, we highlight three key altcoins poised for significant movement in the next seven days.

Avalanche (AVAX) is expected to experience significant volatility this week as 1.67 million AVAX tokens, valued at over $42.5 million, are set to be unlocked. Historically, AVAX has seen bullish momentum before major unlock events as traders anticipate increased activity. Currently trading at $25.44, the altcoin is only 5% away from surpassing the $26.95 resistance. If this level is reclaimed as support, AVAX could rally toward the critical barrier of $31.15, reinforcing investor confidence. However, failure to break through $26.95 could trigger a bearish reaction, potentially leading to a decline to $22.70.

Mantra (OM) has remained resilient amid bearish market conditions, avoiding sharp corrections. Currently trading at $6.15, the altcoin has shown strong price stability, setting it apart from other cryptocurrencies struggling to hold key support levels. With OM maintaining support at $5.65, it is now less than 5% away from its all-time high (ATH) of $6.48. The altcoin appears poised to break this barrier, potentially forming a new ATH this week. However, a decline below $5.65 could invalidate the bullish outlook, potentially leading to a drop below $5.00.

THORChain (RUNE) is set to experience bullish momentum this week, driven by the upcoming V3.20 release. This update will permanently retire the “mimir” key, which has long been a point of contention within the THORChain community. With strong community support for the update, RUNE’s price could capitalize on the bullish sentiment. If buying pressure increases, the cryptocurrency could break through the $1.39 resistance and rally toward $1.70, marking a 30% increase. However, failure to breach the $1.39 resistance could dampen bullish momentum, potentially leading to a price drop to $1.1