3 Bullish Altcoins Predicted to Outshine Bitcoin (BTC) in March 2024
We use cookies to improve your experience.
Accept
NO KYC TRADING
BTC
$61799
0.51%
ETH
$3404.7
0.51%
USDT
$1.001
0.08%
BNB
$407.03
0.19%
SOL
$128.04
3.98%
XRP
$0.630278
6.34%
STETH
$3401.25
0.44%
USDC
$0.999014
0.02%
ADA
$0.733248
8.19%
DOGE
$0.141167
15.09%BTC
$61799
0.51%ETH
$3404.7
0.51%USDT
$1.001
0.08%BNB
$407.03
0.19%SOL
$128.04
3.98%XRP
$0.630278
6.34%STETH
$3401.25
0.44%USDC
$0.999014
0.02%ADA
$0.733248
8.19%DOGE
$0.141167
15.09%
See More
- Home/
3 Bullish Altcoins Predicted to Outshine Bitcoin (BTC) in March 2024
2 mins
By Valdrin Tahiri
29 February 2024, 23:30 GMT+0000
Updated by
Ali M.
29 February 2024, 23:30 GMT+0000
Join our Trading Community on Telegram
Share on Twitter
Share on Email
Share on Linkedin
In Brief
- Solana's (SOL) price bounced at a long-term support area, indicating the beginning of the fifth and final wave.
- Dogecoin's (DOGE) price is in the process of breaking out from a long-term descending resistance trend line.
- The Graph (GRT) broke out from a descending resistance trend line and moved above a horizontal support area.
- PROMO
These three altcoins exhibit bullish formations against Bitcoin (BTC) and could outperform it in March 2024.
Even though BTC is quickly increasing toward a new all-time high, the following altcoins have bullish formations against it.
Solana (SOL) Price Bounces Off Support
The weekly time frame outlook shows that SOL has increased swiftly since breaking out from a long-term descending resistance trend line and validating it as support (green icon) on September 2023. The increase led to a high of ₿0.0029 in December 2023. Even though SOL fell slightly after the high, it bounced at the ₿0.0020 horizontal area this week.
The wave count suggests that wave four is complete. Elliott Wave theory involves the analysis of recurring long-term price patterns and investor psychology to determine the direction of a trend. According to the wave count, the SOL price has just started wave four and will increase by another 100% to the next resistance at ₿0.0040.
Read more: How to Buy Solana (SOL) and Everything You Need to Know
SOL/BTC Weekly Chart. Source: TradingView
Sponsored
Sponsored
Despite the bullish SOL price prediction, closing below the ₿0.040 area will invalidate the count and can trigger a 45% drop to the closest support at ₿0.0011.
Dogecoin (DOGE) Forms Bullish Divergence
The Dogecoin price has fallen under a descending resistance trend line since October 2022. The decrease led to a low of 157 satoshis this week. However, the DOGE price bounced and created a large bullish weekly candlestick. If the weekly close holds, DOGE will break out from the descending resistance trend line, which has existed for 490 days.
A bullish divergence in the RSI preceded the bounce. Traders utilize the RSI as a momentum indicator to assess whether a market is overbought or oversold and whether to accumulate or sell an asset.
If the RSI reading is above 50 and the trend is upward, bulls still have an advantage, but if the reading is below 50, the opposite is true. A bullish divergence occurs when a momentum increase accompanies a price decrease. It often leads to bullish trend reversals.
Read more: How to Buy Dogecoin (DOGE)
Sponsored
Sponsored
DOGE/BTC Weekly Chart. Source: TradingView
If DOGE confirms the breakout, it can increase by 35% to the next resistance at 270 satoshis. Despite the bullish DOGE price prediction, failure to break out can lead to a 50% drop to the closest support at 100 satoshis.
The Graph (GRT) Appears to Break Out
The final altcoin that could outperform BTC is GRT. The GRT price broke out from a descending resistance trend line that had existed since the all-time high. After bouncing at the trend line (green icon), GRT began an upward movement that caused a breakout above the 450 satoshi resistance area.
Sponsored
Open account on KuCoin & get a guaranteed bonus up to 700 USDT.
- Start your crypto trading journey with KuCoin and get a head start!
- Trade with confidence on KuCoin! Our platform prioritizes your security, offering top-tier protection for your digital assets.
- Explore the vast world of cryptocurrencies with KuCoin!
Sponsored
The breakout was combined with an RSI increase above 50, legitimizing it. Therefore, if the upward movement continues, The Graph can increase by another 90% to reach the next resistance at 900 satoshis.
Read More: 8 Best Crypto Platforms for Futures Copy TradingGRT/BTC Weekly Chart. Source: TradingView
Despite the bullish GRT price prediction, closing below the 450 satoshi support area can cause a 45% drop to the resistance trend line at 280 satoshis.
Sponsored
Sponsored
Top crypto platforms in the US | March 2024Coinbase
Explore →PrimeXBT
Explore →AlgosOne
Explore →iTrustCapital
Explore →UpHold
Explore →
Trusted
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst. (I do not have a discord and will not contact you first there. Beware of scammers)
READ FULL BIO
Sponsored
Sponsored
RELATED NEWS
Markets News Report
How Binance Listing Fueled a 30% Surge in This Altcoin
2 mins
15 hours ago
Markets News Report
Why Chainlink (LINK) Could Be the Next Crypto to Get an ETF
2 mins
16 hours ago
Markets Opinion
L2 Revolution: CoinEx Research’s Take on Ethereum’s Dencun Upgrade
4 mins
17 hours ago
Markets Analysis
3 Altcoins That Can Reach New All-Time Highs in March
3 mins
18 hours ago
Markets News Report
How On-Chain Detective Foiled a $4.3 Million Crypto Phishing Attack
2 mins
19 hours ago
Most Read
TON Foundation X AMA Session With BeInCrypto
15 mins
14 Best No KYC Crypto Exchanges in 2024
18 mins
BEST OF FEBRUARY
Why Is the Crypto Market Up Today?
2 mins
1 day ago
5 Altcoins for March: Keep an Eye on These Potential Movers
3 mins
3 days ago
This Solana Meme Coin Surged Nearly 50%: What’s Next?
2 mins
4 days ago
Top 20 Crypto Launchpads To Jump On in March 2024
19 mins
INVESTING
Want to know more?
Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!
JOIN OUR TELEGRAM
Sponsored
Sponsored
STAY UP TO DATE ON CRYPTO
Join our newsletter
SUBSCRIBE
COMPANY
PRODUCTS
RESOURCES
© 2024 BeInNews Academy.
Receive 100% APY by getting in early on Harambe A.I Token! The groundbreaking A.I. powered meme token
Join Presale!
