{"id":33138,"date":"2023-11-24T18:52:40","date_gmt":"2023-11-24T22:52:40","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=33138"},"modified":"2023-11-24T18:52:40","modified_gmt":"2023-11-24T22:52:40","slug":"market-watch-these-5-altcoins-are-poised-for-breakouts-says-crypto-expert","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/11\/24\/market-watch-these-5-altcoins-are-poised-for-breakouts-says-crypto-expert\/","title":{"rendered":"Market Watch: These 5 Altcoins Are Poised For Breakouts, Says Crypto Expert"},"content":{"rendered":"

A recent analysis by a Crypto Banter pinpointed<\/a> new notable price levels for prominent altcoins such as\u00a0 XRP<\/a>, Solana (SOL), Chainlink (LINK), Fantom (FTM), and Polygon (MATIC).<\/p>\n

These insights provide a fresh perspective on potential entry points for bullish positions in the current market.<\/p>\n

Altcoins At Crossroads: Key Price Levels To Watch<\/h2>\n

In this analysis, Crypto Banter singles out Solana (SOL) and notes that $48 is an \u201cintriguing\u201d level to watch for any pullback. Additionally, historical data consolidating around this price point on the SOL\/USD weekly chart indicates it could be an \u201coptimal\u201d buying zone<\/a> should prices drop to this mark.<\/p>\n

In the case of Chainlink (LINK), Crypto Banter identifies $13.3 down to $12.2 as a \u201chot zone.\u201d A drop below this range might shift focus to the $9 level as a critical reversal point<\/a>.<\/p>\n

Polygon (MATIC) also comes under scrutiny, with the analyst observing a break in the 200-day moving average on its weekly chart timeframe. According to the host, this development suggests a potential bounce back at the $0.68 zone, possibly preluding a rally.<\/p>\n

For clarity, \u201cmoving average,\u201d or MA, is a widely used indicator in technical analysis that helps unravel price data by creating a constantly updated average price. This average is typically calculated over a specific period, like 10 days, 20 minutes, 30 weeks; in the case of the Crypto Banter analysis, they based their analysis on the 200-day MA.<\/p>\n

Fantom\u2019s Surge And XRP\u2019s Pivotal Turnaround<\/h2>\n

On the other hand, Fantom (FTM), Crypto Banter, revealed that the altcoin has shown a significant pump of over 50% since late October.<\/p>\n

Yet, the analyst suggests a possible retraction towards the 200-day moving average, making the $0.25 region attractive, particularly for those employing a dollar-cost averaging (DCA) strategy.<\/p>\n

XRP is not left out of this analytical purview. The host points out that XRP is nearing a critical juncture<\/a> from a technical standpoint.<\/p>\n

The analyst reveals that the 12-hour chart for XRP shows a recent rebound off the 50-day MA. A turnaround around the $0.54 price region could occur if the ongoing pattern along the downward trendline persists.<\/p>\n

The analyst further disclosed that this level gains importance due to the convergence of key moving averages that form a support zone around it.<\/p>\n

Interestingly, among the altcoins highlighted by Crypto Banter as primed for a breakout, SOL and FTM stand out with significant gains. Over the past two weeks, Solana has seen a 13.8% increase, while FTM has climbed by 8.3%.<\/p>\n

Contrastingly, XRP, LINK, and MATIC \u00a0have experienced declines during the same period. XRP\u2019s price fell by 5.5%, LINK by 5.6%, and MATIC by 6.6%, signaling a diverse performance<\/a> landscape among these notable altcoins.<\/p>\n

Featured image from iStock, Chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

A recent analysis by a Crypto Banter pinpointed<\/a> new notable price levels for prominent altcoins such as\u00a0 XRP<\/a>, Solana (SOL), Chainlink (LINK), Fantom (FTM), and Polygon (MATIC).<\/p>\n

These insights provide a fresh perspective on potential entry points for bullish positions in the current market.<\/p>\n

Altcoins At Crossroads: Key Price Levels To Watch<\/h2>\n

In this analysis, Crypto Banter singles out Solana (SOL) and notes that $48 is an \u201cintriguing\u201d level to watch for any pullback. Additionally, historical data consolidating around this price point on the SOL\/USD weekly chart indicates it could be an \u201coptimal\u201d buying zone<\/a> should prices drop to this mark.<\/p>\n

In the case of Chainlink (LINK), Crypto Banter identifies $13.3 down to $12.2 as a \u201chot zone.\u201d A drop below this range might shift focus to the $9 level as a critical reversal point<\/a>.<\/p>\n

Polygon (MATIC) also comes under scrutiny, with the analyst observing a break in the 200-day moving average on its weekly chart timeframe. According to the host, this development suggests a potential bounce back at the $0.68 zone, possibly preluding a rally.<\/p>\n

For clarity, \u201cmoving average,\u201d or MA, is a widely used indicator in technical analysis that helps unravel price data by creating a constantly updated average price. This average is typically calculated over a specific period, like 10 days, 20 minutes, 30 weeks; in the case of the Crypto Banter analysis, they based their analysis on the 200-day MA.<\/p>\n

Fantom\u2019s Surge And XRP\u2019s Pivotal Turnaround<\/h2>\n

On the other hand, Fantom (FTM), Crypto Banter, revealed that the altcoin has shown a significant pump of over 50% since late October.<\/p>\n

Yet, the analyst suggests a possible retraction towards the 200-day moving average, making the $0.25 region attractive, particularly for those employing a dollar-cost averaging (DCA) strategy.<\/p>\n

XRP is not left out of this analytical purview. The host points out that XRP is nearing a critical juncture<\/a> from a technical standpoint.<\/p>\n

The analyst reveals that the 12-hour chart for XRP shows a recent rebound off the 50-day MA. A turnaround around the $0.54 price region could occur if the ongoing pattern along the downward trendline persists.<\/p>\n

The analyst further disclosed that this level gains importance due to the convergence of key moving averages that form a support zone around it.<\/p>\n

Interestingly, among the altcoins highlighted by Crypto Banter as primed for a breakout, SOL and FTM stand out with significant gains. Over the past two weeks, Solana has seen a 13.8% increase, while FTM has climbed by 8.3%.<\/p>\n

Contrastingly, XRP, LINK, and MATIC \u00a0have experienced declines during the same period. XRP\u2019s price fell by 5.5%, LINK by 5.6%, and MATIC by 6.6%, signaling a diverse performance<\/a> landscape among these notable altcoins.<\/p>\n

Featured image from iStock, Chart from TradingView<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-33138","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=33138"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33138\/revisions"}],"predecessor-version":[{"id":33151,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33138\/revisions\/33151"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=33138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=33138"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=33138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}