TOP ALTCOIN

DECEMBER 20, 2023
Altcoin Season

“Altcoin Season” is gaining traction, signaling a time when alternative cryptocurrencies, known as altcoins, are outperforming market giants Bitcoin (BTC) and Ethereum (ETH). Experts have observed a pattern during market upswings where funds initially flow into Bitcoin and Ethereum, followed by a surge in altcoins. Recent trends suggest that the altcoin market is consistently retesting past highs, indicating a potential for a breakout.

Analyst Highlights Key Opportunities in Altcoins
Renowned cryptocurrency analyst Crypto Banter has shed light on the current state and potential opportunities in the altcoin market. According to Banter, several altcoins are in a cooling-down phase but are poised for a significant surge. He pointed to Cardano (ADA), which recently broke a flag pattern and is undergoing a retest. Banter suggests that if Bitcoin maintains its current level, Cardano will likely show positive movement.

Near Protocol and Phantom: The Rising Stars
Banter’s insights include Near Protocol (NEAR), still in a flag pattern. A breakout and upward movement for NEAR could spell a lucrative opportunity for investors. Another strong performer, Phantom (FTM), has achieved a higher high, with a potential retest zone forming. This suggests a favorable entry point for investors.

Emphasizing the importance of technical analysis, Banter shared insights on identifying trend changes, breakouts, and retests to make informed investment decisions. He expressed bullish sentiments towards Phantom, highlighting a golden cross on the monthly chart and a retest of the 50-day moving average. Resistance levels for Phantom are anticipated around $0.50 and $0.60, with a potential target of $1.20.

Chainlink and Other Altcoins on the Radar
In addition to Phantom, Chainlink (LINK) and other altcoins are on Banter’s radar. He discussed the significance of certain moving averages in identifying bullish trends, particularly during a bull market. With a keen eye on various altcoins, Banter sees potential in these digital assets, with Phantom standing out as a particularly promising choice for future gains.

In summary, the altcoin market is brimming with opportunities, and seasoned analysts like Crypto Banter guide investors through these turbulent yet exciting times. As the market corrects itself, the potential for altcoin breakouts remains high, offering savvy investors a chance to capitalize on these movements.

Loading video
SHARE
TAGS:AltcoinsPrice Analysis
Related Post
XRP Needs $0.6345 Close
Ripple Price Prediction: XRP Price to Soon Hit $1.3 Level – Says Crypto Veteran

Solana Flips XRP And Records A 20-Month High! SOL Price To Achieve $100 This Week
Solana (SOL) Price Surge 466% in 100 Days: The Diverse Catalysts of Solana’s Growth

bullrun
Here’s What Next For Fantom (FTM) and Polygon (MATIC) Price

Recent Posts
Price Analysis
Crypto Market Weekly Review: Altcoins Ascend as Bitcoin Holds Steady
With another eventful week in December ending, let’s delve into a comprehensive analysis of the…

December 24, 2023
Price Analysis
Ripple Price Prediction: XRP Price to Soon Hit $1.3 Level – Says Crypto Veteran
The cryptocurrency world is at a crossroads because Davinci Jeremie is suddenly thinking about switching…

December 24, 2023
News
Ripple’s $11.4M Claim Against FTX: A Glimpse into Crypto’s Complex Ties
The unexpected emergence of Ripple Labs, specifically its Singapore subsidiary, in documents related to FTX’s…

December 24, 2023
Press Release
Beyond the Hype: Cardano (ADA), Solana (SOL), and Pullix (PLX) Offer Substantial Value for Discerning Investors
With the rise in crypto projects, investors must catch the promising investments. Projects like Cardano…

December 24, 2023
Cryptocurrency Price Prediction
STEPN Price Prediction 2024, 2025, 2030: Will GMT Price Reach $0.50 This Year?
Story Highlights The live price of GMT is . GMT price could soar as high…

December 24, 2023
Price Analysis
Solana (SOL) Price Surge 466% in 100 Days: The Diverse Catalysts of Solana’s Growth
Solana’s native token, SOL, has witnessed a remarkable surge, crossing the $100 milestone, marking a…

December 24, 2023
View Non-AMP