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July 23, 2024
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Top Altcoins That may Keep Up the Bullish Momentum When Bitcoin Calms Down!

The post Top Altcoins That may Keep Up the Bullish Momentum When Bitcoin Calms Down! appeared first on Coinpedia Fintech News

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

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