Key Altcoins to Watch out for in the Current Crypto Market

Recent market analyzes have highlighted a growing interest in alternative currencies, who have been behind Bitcoin for some time. However, there are signs that altcoins are starting to make significant strides, with some major cryptocurrencies following closely behind. Bitcoin trajectory. This could signal the beginning of a more widespread rise in the altcoin market. Which altcoin to buy in the current market? Stay tuned for the following 😉

1. Ethereum (ETH): a strong altcoin to watch

Ethereum, ranked as the second-largest cryptocurrency by market cap, is showing notable upward momentum. Observations suggest that breaking a specific price threshold could mark an excellent buying opportunity for Ethereum, based on its trading patterns and investor behavior. At the latest check, Ethereum price reflected positive growth over the past week and month.

altcoins to watch out for – ETH
ETH/USD 1-day chart – TradingView

2. Solana (SOL): Gaining Momentum

Solana has been part of the broader bullish trend in the cryptocurrency market, posting significant gains over the past month. Technical analysis of the Solana chart indicates that it is approaching a critical juncture, with potential for upward movement. However, investors should keep an eye on key support levels as any weakness could trigger a change in the asset's trajectory. Currently, the price of Solana has risen both daily and over the past week, with a substantial monthly increase.

altcoins to watch - SOL
SOL/USD 1-day chart – TradingView
exchange comparison

3. XRP (XRP): Potential for a bullish rally

While XRP has not shown the same level of recent growth as other assets, there remains optimism about a bullish rally. Analysis of its trading pattern suggests a consolidation trend that could lead to a significant upward move. Despite a monthly drop, the current XRP trading price shows daily and weekly gains.

altcoins to watch – XRP
XRP/USD 1-day chart – TradingView

Altcoins to watch: Will they continue to rise?

If we look from a technical perspective, all the above altcoins represent a similar trajectory. Prices rose, consolidated for a short time, and are now on their way to higher highs. Cryptocurrency bullruns often behave in a similar way. If we look at past cryptocurrency price trends, this is exactly how they performed in 2017 and 2021. Of course, as with any investment, it is always a good idea to track prices daily and set stop triggers. the appropriate ones to cover any market risk.

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