The Top New Altcoins Poised for a Bullish Run ๐
With the bullish market starting, investors and enthusiasts are on a continuous quest to identify promising altcoins that could yield substantial returns. As Bitcoin edges closer to a new all-time high, with sights firmly set on a $69,000 breakout, the cryptomarketโs overall valuation inches towards an astounding $2.50 trillion milestone.
The Ascending Oasis Network (ROSE) ๐น
- ROSE, the native token of the Oasis network, has witnessed a steady recovery for the past few weeks under the influence of an ascending trendline.
- The dynamic support has provided a suitable demand price during pullback, a key behavior for sustainable recovery.
- Amid the Feb-end recovery in the broader market, the ROSE price projected a 32% weekly surge to breach the key resistance of $0.132, offering another stepping stone for the prolonged rally.
- Sustaining above the $0.13, the ROSE coin may rise to challenge the potential target of $0.20.
The Rising PYTH Network (PYTH) ๐
- The last monthโs recovery in PYTH coin price can be traced using a rising channel pattern.
- This chart setup has uplifted the asset from $0.21 to the current trading price of $0.65, accumulating massive gains.
- The sellers are currently influencing this coin, as evidenced by the minor correction in the daily chart.
- With sustained selling, the coin price may plunge another 8% into retesting the long-coming support trendline.
The Soaring Shiba Inu (SHIB) ๐
- The meme cryptocurrencies have emerged as star performers of March, having a notable contribution in uplifting the global crypto market cap to $2.5 Trillion.
- SHIB, the second largest memecoin, has projected a parabolic growth in the daily chart, rallying from $.00000651 to $0.00003941 within a month.
- Analyzing this massive rally in the weekly chart shows the formation of a well-known bullish reversal pattern called the rounding bottom pattern.
- Under the influence of this pattern, the Shiba Inu price may extend its recovery trend to a potential of $0.000066, followed by $0.00010477.
The Bouncing BONK (BONK) ๐
- The last correction trend in Solana-based memecoin ended in Late January at $0.000009574 support.
- The positive turnaround from this launchpad has propelled the coin to a moonshot to reach a new All-time High of $0.00004749.
- However, the BONK is currently witnessing a post-rally correction, which plunged its value to the $0.000030 mark.
- If the healthy retracement manages to recuperate the exhausted bullish momentum, the potential buyers may find dip opportunities at fast-moving daily EMAs(20 and 50).
The Surging Gala Games (GALA) ๐ฎ
- Over the past 18 months, the GALA coin has witnessed a steady downtrend under the influence of a falling wedge pattern.
- While the converging trendlines limited the recovery attempt from buyers, in theory, itโs a pattern known to Signal the exhaustion of bearish momentum.
- Amid the recent recovery trend in the market, the GALA price gave a decisive breakout from the patternโs overhead resistance on 26th February.
- The post-breakout surged the altcoin 42% to reach the current trading price of $0.046.
Hot Take: Dive into the Exciting World of Altcoins Now! ๐
With a multitude of altcoins poised for significant growth, the crypto market is ripe for exploration. Take advantage of these opportunities to diversify your portfolio and potentially reap substantial returns. Keep a close eye on these emerging altcoins as they navigate the volatile yet promising landscape of the crypto market. Happy investing!
Cino Gaperi stands out as a prominent crypto analyst, accomplished researcher, and adept editor, making significant contributions to the field of cryptocurrency. With a strong background in crypto analysis and research, Cino’s insights delve deep into the intricate aspects of digital assets, appealing to a diverse audience. His keen analytical skills are complemented by his editorial proficiency, allowing him to distill complex crypto information into easily digestible content. Cino’s contributions serve as a valuable compass for both seasoned enthusiasts and newcomers, guiding them through the dynamic landscape of cryptocurrencies with well-researched perspectives. With a commitment to precision, he empowers informed decision-making within the ever-evolving crypto sphere.
