Price: $0.38451 2.2063%
Market Cap: 56.48B 1.7378%
Volume (24h): 8.05B 0.4%
Dominance: 1.7378%
Price: $0.38451 2.2063%
Market Cap: 56.48B 1.7378%
Volume (24h): 8.05B 0.4%
Dominance: 1.7378% 1.7378%
  • Price: $0.38451 2.2063%
  • Market Cap: 56.48B 1.7378%
  • Volume (24h): 8.05B 0.4%
  • Dominance: 1.7378% 1.7378%
  • Price: $0.38451 2.2063%
Home > Information news > Altcoin Market Sentiments: Technical Projections for Top Cryptocurrencies

Altcoin Market Sentiments: Technical Projections for Top Cryptocurrencies

Release: 2024/03/12 06:39 Reading: 300

Original author:BH NEWS

Original source:https://coinmarketcap.com/community/articles/65ef790f214383711d97f974

Altcoin Market Sentiments: Technical Projections for Top Cryptocurrencies

You can also read this news on BH NEWS: Altcoin Market Sentiments: Technical Projections for Top Cryptocurrencies

In the dynamic arena of cryptocurrencies, altcoins are showing promising traction, with Bitcoin leading the advancement. The market is experiencing a surge in artificial intelligence-driven projects, although blockchain ecosystems and meme coin ventures remain persistent in rewarding investors. Key altcoins like SOL, ADA, DOGE, and SHIB are under the microscope for their forthcoming market behavior, assessed through meticulous chart analysis.

Assessing Solana’s Market Trajectory

Solana is experiencing a tug-of-war between buyers defending their ground and sellers trying to instigate a price correction. Despite bearish attempts, shallow dips suggest a seller scarcity with bulls poised to intensify their grip by breaching the $153 mark, potentially propelling SOL to a high of $184. Should the bears overpower and drive the price under the pivotal $126 threshold, a swift selloff could plummet prices towards a 50-day SMA of $110.

Cardano’s Anticipated Price Movements

Cardano’s recent retrace to the $0.68 mark has been met with significant buyer interest, indicating a robust support level. With the 20-day EMA and a positive RSI signaling an upward trend, ADA aims to climb past the March high of $0.80, eyeing an upward extension to $1.25. However, a slip below $0.68 could spell a bearish shift, potentially dragging the price to the 50-day SMA of $0.59.

Dogecoin’s Potential Price Swings

Dogecoin holders are struggling to maintain the cryptocurrency above the critical $0.16 mark. The upward trend is supported by a rising 20-day EMA and an RSI indicating bullish dominance. Should DOGE sustain above $0.18, it might challenge the $0.21 level and ascend to $0.26. Conversely, a drop below $0.16 could signal bearish surrender, with a subsequent fall to the 20-day EMA and a deeper correction to $0.12.

Shiba Inu’s Price Consolidation and Prospects

Shiba Inu is currently stabilizing within a defined price range after experiencing a sharp uptick. Although the RSI’s overbought conditions are leveling out, indicating a waning bullish momentum, SHIB might persist in this range-bound state. A dip below the range could lead to a test of the 20-day EMA support. Breaching above $0.000039 might suggest a bullish resurgence, with targets at $0.000046 and a potential spike to $0.000065.

The post first appeared on BH NEWS: Altcoin Market Sentiments: Technical Projections for Top Cryptocurrencies

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.