Altcoins

Top Altcoins That may Keep Up the Bullish Momentum When Bitcoin Calms Down!

Author: Qadir AK

Qadir AK right arrow

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

  • author facebook
  • author twitter
  • linkedin

news-image
Story Highlights
  • Bitcoin price after breaching the psychological barrier is calming down to some extent due to which the possibility of the altcoin gaining traction emerges

  • With a slight change in the market sentiments, tokens like Polygon (MATIC), Solana (SOL) & Binance Coin (BNB) propel high

Bitcoin price appears to have uplifted the barrier from $17,000 to $17,500 as the prices have been stuck up within the range. In the meantime, some of the popular altcoins like Polygon (MATIC), Solana (SOL) & Binance Coin (BNB) have managed to swell to a large extent. 

Polygon (MATIC) 

Trading View
  • The MATIC price currently displays immense strength as it is about to accomplish a parabolic recovery to reach the neckline of the consolidation.
  • After reaching the resistance, the price may witness a significant pullback to the lower support around $0.84 and ignite a notable upswing toward the interim resistance at $0.91
  • Here the bulls are required to hold their strength which may propel the price higher above the crucial resistance at $0.95 which may in turn uplift the price beyond $1

Solana (SOL)

Trading View
  • Solana price after the dreadful drop fuelled by the collapse of the FTX exchange has somehow managed to regain the bullish momentum
  • After rebounding from the lows at around $8, the SOL price is trading within an ascending parallel channel and marching toward the next resistance at $20
  • However, the RSI dropping below the rising trend line which is the current matter of concern that may hinder the progress of the rally. However, after experiencing a minor pullback a notable upswing may be ignited.

Binance Coin (BNB)

Trading View
  • The Binance Coin price appears to be gearing up to display a massive price action as it is constantly accumulating strength within the decisive symmetrical pennant 
  • The price may fluctuate significantly for another couple of days or weeks until it reaches the tip of the triangle post to which a breakout may be imminent
  • Therefore, the price is believed to breach through the upper resistance and surge beyond $300 to reach one of the important resistance zones close to $323 by mid-February
Show More

Was this writing helpful?

No Yes

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Back to top button