Published 7 hours ago
In light of the U.S. Banks crisis, the crypto market witnessed significant buying pressure and created a sense of recovery in the market. As a result, a majority of major crypto coins are reclaiming the lost ground and preparing for a prolonged rally. Thus, given below is s list of top altcoins showcasing strong growth potential in coming weeks.
Ethereum(ETH)
Source- Tradingview
Over the past two months, the crypto market remains unclear, causing a sudden downfall and sharp recovery of several cryptocurrencies. However, despite high volatility, the Ethereum price respected the two divergence trendline of a megaphone pattern.
By the press time, the Ethereum price trades at $1730, with an intraday gain of 3.37%. Furthermore, the interest traders waiting for long-entry opportunities should wait above the pattern’s resistance. This potential breakout could push the price back to the $2030 mark.
Solana(SOL)
Source- Tradingview
Amid the early March rally, the Solana coin price gave a bearish breakout from the crucial $20 support on March 8th. Though this breakdown was supposed to trigger a massive downfall, the recent recovery in the market, rebound the SOL price from $16 support.
The result bullish undermined the aforementioned downfall and pushed the price above the $20 mark. Currently, the SOL price traders at $21.18, with an intraday gain of 2.36%.
With sustained buying, the Solana coin price could rise 28.5% to challenge down.
Also Read: What Are Bitcoin Ordinals And How Do They Work?
OKB(OKB)
Source- Tradingview
In the daily time frame, the OKB coin price has shown a sustained parabolic uptrend since June 2022. However, amid the February and early March sell-off in the crypto market, the OKB price witnessed a minor correction phase and tumbled to $38.85 support.
Anyhow, with the recent recovery the coin price rebounded from the aforementioned support indicating that traders are accumulating this token at dips. As of now, the coin trades at $48.85 with an intraday gain of 3.69%.
The ongoing recovery in this coin has recently breached a local resistance of $48.2, offering an additional confirmation for buyers to resume the bullish trend.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
