Home > Information news > Top 3 Altcoins to Buy Before the November Bull Run

Top 3 Altcoins to Buy Before the November Bull Run

Release: 2024/11/01 20:04 Reading: 959

Original author:CoinPedia News

Original source:https://coinmarketcap.com/community/articles/6724b94b1a3ec940ffdc27bb

Top 3 Altcoins to Buy Before the November Bull Run

With the crypto market witnessing almost $100M in short-side liquidations, the bull run chances are increasing amid Q4 rally chances. Further, as the BTC price is inching closer to surpassing the $65k mark as the buying pressure increases, the altcoins prepare to launch a new bull run.

Based on previous recoveries and ongoing bullish trends, here are the top three top-performing altcoins to buy this week. So, let’s take a quick look at the price chart of our altcoin picks.

Top Altcoins to Buy Before The November Rally:

Dogecoin (DOGE)

In the daily chart, the Dogecoin price action reveals a falling-wedge breakout rally gaining momentum. The increased bullish influence has resulted in a golden crossover in the 50-day and 200-day EMA. However, the recent pullback in the altcoin retests the 50% Fibonacci level at $0.1571.

[Image of Dogecoin price chart]

With a lower price rejection, the altcoin offers an entry opportunity at comparatively low prices based on the upside potential. Using the Fibonacci retracement tool, the meme coin shows the potential to reach the 100% Fibonacci level at $0.22. Meanwhile, the optimistic target remains at the 1.618 Fibonacci level near the $0.30 psychological mark.

Solana (SOL)

Apart from the meme coins, the Solana altcoin shows massive upside potential. It has increased by nearly 50% in the last 30 days and is trading at $166. Despite the short-term correction, the altcoin has concluded a lower-high formation in the daily chart and reveals a surge of bullish influence in the sideways trend.

[Image of Solana price chart]

Testing the $164 support, the altcoin offers an entry opportunity at a crucial support. If the broader market recovers, the altcoin is likely to surpass the $200 psychological mark. Using the price action level, the next target remains at $235-$250.

Raydium (RAY)

As the Solana ecosystem grows, Radium, a high-ranking Solana-based protocol, reveals a bullish trend in motion, hitting the 1.618 Fibonacci level at $3.15; the altcoin reveals a massive bull run in action.

[Image of Radium price chart]

Currently, the altcoin has retested the $3.00 psychological mark and reveals a successful post-retest reversal. Considering the broader market recovery, the uptrend in Radium is likely to challenge the 2.61 Fibonacci level at $4.82.

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.