With the recent surge of Bitcoin (BTC) in the cryptocurrency markets, investors are now turning their attention to alternative coins, or altcoins. Analysts and experts in the cryptocurrency field have identified three altcoins that are poised to make significant moves in the coming months. These altcoins are being touted as the ones to watch in 2024!
NOT and DOGE Expectations
Notcoin, one of the highlighted altcoins, saw an impressive increase of over 28% last month. Trading within the range of $0.0175 to $0.2, NOT displayed significant volatility in the past week. The recent surge in Notcoin’s value can be attributed to an announcement detailing a surge in user adoption and new participation incentives. The bullish momentum of Notcoin suggests a potential uptrend in the near future. Stay updated with the latest technology news by accessing NEWSLINKER.
If the current trend continues, NOT may break through the resistance level of $0.019. This upward trajectory could propel its value towards $0.05 and potentially even reach $0.1 in the coming days. On the flip side, if market sentiment shifts negatively, Notcoin could find support around $0.018. A sustained downward trend could push the price down to around $0.017, highlighting the inherent volatility of the cryptocurrency market.
Dogecoin, another highlighted altcoin, has been trading in a sideways pattern where buyers and sellers are in a tug-of-war. Despite occasional fluctuations, the price has largely remained within a tight range, indicating uncertainty in the market. Last week, DOGE experienced a decline of more than 10%, signaling a bearish sentiment among investors. The meme token is currently trading between $0.14 and $0.16, showcasing increased market volatility. Experts suggest that if DOGE surpasses the $0.15 mark, it could encounter strong resistance at $0.20. A breakout from this prolonged trading pattern could pave the way for Dogecoin to target a more ambitious resistance level at $1.
Ambitious Target for Ripple
Ripple (XRP) is currently trading above $0.5 in the American session on Monday. Data from 21milyon.com shows a 1.4% increase in value in the past hour, with a 1.8% rise over the last 24 hours. After dipping below $0.5 on Friday, XRP managed to stay above the $0.49 level and has since rebounded, reclaiming ground above $0.5.
Experts believe that the 20-day Exponential Moving Average (EMA) could act as a support level at $0.5116, as XRP forms its second consecutive four-hour bullish candle. With the relative strength index currently at 51, compared to the oversold levels of the previous week, XRP shows potential for an upward trend towards $0.6. If this breakout materializes, XRP could aim for a larger move towards $1, largely driven by FOMO.
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Disclaimer: The information provided in this article is not financial advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research before making investment decisions.
