The post Top 5 Altcoins Which are About to go 10x From Here appeared first on Coinpedia Fintech News
Soon after the November 2024 breakout, the Bitcoin price continued to rise and rose above $100K for the first time and marked a high of $108.3K. Meanwhile, the BTC dominance continued to plunge from its highs around 61.5% to levels around 54.60%. This was when the Altseason was triggered, wherein most of the altcoins surged with a huge margin. Now that a similar trader setup is about to get validated, here are some altcoins that may go 10x from here.
Ondo (ONDO)
- The historical chart of ONDO price suggests the price is done with the correction that it began after reaching a new ATH above $2
- The pullback had dragged the levels below the ascending trend line that it held since the beginning, but the latest rebound has pushed the price back into the pivotal resistance
- On the other hand, the weekly Bollinger Bands have begun to squeeze, and if it repeats the previous pattern, the explosion could attract a 200% jump
- Meanwhile, the weekly MACD is also displaying a drop in the selling pressure, and the levels are about to undergo a bullish crossover
- This suggests the ONDO price has begun with a strong recovery, and if it secures the range at $1.44, a new ATH at around $2.5 could be imminent.
Hedera (HBAR)
- The Hedera price seems to have begun with a parabolic recovery and hence is expected to trade along the curve to reach the neckline
- The levels have risen above the Gaussian channel, and hence if it sustains above the range, then the channel may flip to bullish, which could validate the start of a fresh bullish trend
- On the other hand, the CMF has risen above 0 for the first time since the start of the year, which appears to remain elevated
- Therefore, the HBAR price is believed to reach the neckline at around $3.8 and may face a minor pullback, following which the bulls could push the price towards new highs
Sui (SUI)
- The SUI price is following an Elliott wave pattern, and after a bullish and corrective wave, the token has begun with yet another bullish wave
- After forming wave 1 and wave 2, the price is in the middle of the third wave, and as the Bollinger bands are squeezing, there could also be a volatility squeeze
- On the other hand, the RSI has reached the overbought range after a short pullback, suggesting the bulls are vigilant and positioned
- Therefore, the SUI price is expected to follow the pattern and soon form new highs around $6 in a short while
Chainlink (LINK)
- The weekly chart of Chainlink price suggests the popular oracle remains under bullish influence as it rebounds from a crucial support
- The price defended the ascending support that it held after it broke out from a prolonged horizontal consolidation in 2023
- Despite a rebound, the price is facing some upward pressure at one of the resistance levels at $17.5, and a rise to $21.68 could be imminent.
- Besides, the MACD is about to undergo a bullish crossover while the RSI is also rising, which hints towards the LINK price maintaining an ascending trend and reaching the upper resistance of the expanding channel close to $40
Solana (SOL)
- The Solana price has entered the parallel channel, which has flashed a huge bullish signal for the crypto
- Besides, the price has surged above the conversion line of the Ichimoku cloud, which has raised the possibility of an upcoming bullish action
- As the MACD has experienced a bullish crossover, the possibility of a bullish crossover of the Ichimoku cloud could validate the start of a fresh upswing
- Therefore, the SOL price is expected to hover between $162 and $195 for a while and later surge above $200. If the price sustains above $200, then the price may reach the upper resistance at $280 and hunt for new highs.
