Leading analysts of the cryptocurrency market recommended that investors follow these 10 altcoin projects on Binance closely! Here are the details…
Experts pointed to 10 altcoin projects on Binance!
Polygon (MATIC)
Polygon price slumped below the neckline at $1.18 in the first few days of the month, and the downtrend dragged the price below $1. However, the price rebounded and rallied more than 30 percent above $1.25. Unfortunately, the price corrected slightly, but it seems to have triggered a reversal at the moment, which could soon lead to a rally towards $1.5.
Binance Coin (BNB)
The price of BinanceCoin has risen spectacularly within an ascending triangle since the coin recovered in July 2022. Price is hovering inside the resistance zone and attempting to break above the upper resistance of the triangle, but the bears seem to have intensified their activity. Moreover, the RSI seems to have lost its dominance and therefore it could soon turn bearish. This could push the price down a little more, but the increasing bullish pressure continues to spin as the pullback could be short-lived. With a bullish reversal, BNB price could break the $338 resistance and rally very quickly to reach $360 very soon.
Cardano (ADA)
The ADA price has shown enough strength since the beginning of 2023 and has risen spectacularly. Momentarily, the price creates an upside wave and tests the lower support, triggering a recovery. However, Cardano seems to have largely absorbed the bearish effect at the moment and a notable rise can be expected in the coming days. Also, the ascending triangle pattern could sustain the uptrend and push prices higher until they reach the edge of the pattern, which could trigger a bullish breakout.
Collectively, the crypto market is turning green and not only popular altcoins are thriving, but small and medium-sized altcoins as well. Altcoins like Arbitrum (ARB), Conflux (CFX), Phantom (FTM) and SingularityNET (AGIX), Fetch.ai (FET) etc. Popular AI-based coins like this one and many more may show a notable trend in the future.
Left (LEFT)
Popular altcoin Solana (SOL) has been on an upward trajectory for the past few days as it held support near $16 and climbed above the 23.6% Fib level. Solana coin is trading at $23.6, gaining over 8% in the last 24 hours.
SOL price broke the resistance at the EMA-100 trendline and is aiming to extend the bullish rally above EMA-200. Analyzing the 12-hour price chart, experts think that Solana may increase by 100 percent during the altcoin season. On the other hand, SOL price is likely to find support near the buyer zone at $15, which could lead to new swings up to $50 during the altcoin season.
Stacks (STX)
Stacks (STX), which has been trading at $1.21 with a gain of about 8 percent in its price since the past day, is currently in a rapidly rising trend. In a short period from March 10 to March 18, the STX saw a notable increase from $0.52 to $1.29. Such a rapid increase indicates that the bulls are making aggressive purchases.
According to experts, if the STX coin breaks above $1.6, it will gain enough buying pressure and it could hit a new high near $3.2 during the altcoin season.
Dogecoin (DOGE)
The popular memecoin Dogecoin (DOGE) is the memecoin with the largest market cap. The project, which attracted the attention of many investors with high-profile figures such as Elon Musk and Mark Cuban tweeting about its potential, has a market value of $ 9.83 billion and is instantly traded at $ 0.074. As Cryptokoin.com reported, the project has gained more than 7 percent in value in the last 7 days.
Shiba Inu (SHIB)
The popular memecoin Shiba Inu is the second largest memecoin project. Launched in August 2020, the coin has gained traction in recent months thanks to its low price and high circulating supply. The momentarily popular memecoin is trading at $0.00001064 and has lost 2 percent since last week. Its market value is currently at the level of $ 6.2 billion.
Floki Inu (FLOKI)
Floki is the memecoin that appeared in late 2021. FLOKI, which is among the alternative choices of DOGE and SHIB investors, has recently been on the rise with the support of Elon Musk and some high-profile celebrities. With a market cap of $385 million, FLOKI is trading at $0.00003943. In the last week, it gained more than 9 percent in value.
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