Altcoin Season Is On The Horizon! These Altcoins May Print Impressive Bullish Momentum Soon!
The post Altcoin Season Is On The Horizon! These Altcoins May Print Impressive Bullish Momentum Soon! appeared first on Coinpedia Fintech News
In the past week, several altcoins have experienced substantial gains, with some seeing double or even triple-digit increases. However, the top two cryptocurrencies, Bitcoin and Ethereum, have remained relatively stagnant without impacting the overall market as they have continued to consolidate their position without significant upward momentum.
Altcoin Traders To Enjoy A Bullish Ride Soon
The last week has shown the bottom price levels to traditional crypto investors, including Bitcoin and Ethereum, forcing the crypto market to shift their attention to the top-notch altcoins for investment.
Altcoin traders are now eagerly awaiting the upcoming bullish season as the metric Altcoin-Season index is heading toward 75, currently trading at 41.
Stacks (STX) Price Analysis
The STX token has surged over 160% in the last few days as it has witnessed a steady growth in NFT activities on the Stacks blockchain amid the Bitcoin NFT (Ordinals) hype.
As of writing, the STX token trades at $0.87, with an uptrend of over 10% in the last 24 hours. Looking at the daily price chart, STX price may build a bullish trend continuation as it forms a cup-handle pattern. A breakout above $0.89 will send the token to trade near the next resistance of $1.03.
Aptos Price Analysis
Aptos price is preparing for a 50% upswing this week as it has taken support above the EMA-50 trend line. According to CoinMarketCap, the Aptos token trades at $13.79, with a gain of 5.53% from yesterday’s price.
Observing the 1-day price chart, the Aptos token has formed a ‘W’ pattern, which signifies a potential bullish rally if APT breaks above the EMA-20 trend line at $14.2. If it gains buyers’ confidence and pressure, the APT token may surge above $16.3 this week. Moreover, the SMA-14 forms a bullish divergence with the RSI-14, hinting at a 50% upswing soon.
Lido Dao Price Analysis
Lido Dao has been on an upward rally, getting continuous support from bulls with solid buying pressure. After forming a bottom at $2.63, the LDO token has broken its 31.8% Fib level and has continued to surge.
As of writing, LDO trades at $3.12, with a gain of nearly 10% in the last 24 hours. APT is currently moving near the immediate resistance level of $3.2, and a push above this may take the LDO token to $4.
Filed under: Bitcoin - @ February 24, 2023 10:01 am