The post Bitcoin Following Pattern of 2021 and Signaling Upcoming Altseason – Find Best Altcoins to Accumulate Before It’s Too Late appeared first on Coinpedia Fintech News
Bitcoin is mirroring a cycle from the past reminiscent of 2021, hinting at an impending surge in alternative cryptocurrencies. Investors are closely watching the signs that precede a potential rise in these coins. As the bull run of 2024 unfolds, identifying the key players poised for growth could be crucial for those aiming to fortify their portfolios. This article explores how to pinpoint these coins before their value soars.
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Render (RNDR) Hits Volatile Range
Render (RNDR) is fluctuating between $8.80 and $10.70. Last week, there was a tiny price change of 0.11%, while the past month showed a decrease of 18.46%. However, looking at the past six months, RNDR has seen a significant jump, increasing by 435.88%. The coin’s movement indicates a mix of small corrective steps within broader impulsive trends.
The future price of Render Token could go either way. On one hand, RNDR’s strong six-month growth could continue if the demand for its rendering services rises. But, the recent one-month slide serves as a reminder that it’s not immune to pullbacks. Crossing the nearest resistance level at $11.65 might pave the way toward $13.56, while falling below the $7.83 support could lead to further drops towards $5.93. The current technical indicators suggest a balanced state of momentum without a clear direction for a breakout.
Optimism’s (OP) Price Swings and Trends
Optimism is currently moving between $2.80 and $3.64. Over the past week, OP’s price increased by 1.20%. However, looking at the past month, it has dropped 32.65%. On a larger scale, the last six months saw a strong rise of 155.37%. The price moves show a mix of short-term drops and longer-term growth. The price trend looks impulsive in the last six months and corrective in the last month.
The price of Optimism might keep facing ups and downs. With OP near the first resistance at $4.08 and the relative strength healthy at 58.10, there’s room to climb towards the second resistance at $4.92. However, the recent month’s drop advises caution. If the price falls, it could find support at $2.41, or even at the lower $1.57. The mixed signals suggest a future of both potential gains and the need for careful watching.
Polkadot Price Movement Analysis and Predictions
Polkadot has seen quite a journey recently. Over the last week, there’s been a tiny uptick of 0.356% showing some investor interest. However, the past month wasn’t as kind to Polkadot, with the price falling by 23.60%. The last six months painted a different picture, with prices surging by 127.15%. At the moment, prices are hovering between $7.95 and $9.60. The coin is currently showing a balance between buyers and sellers, with RSI around 50.03, hinting at a neutral momentum currently in the market.
On the optimistic side, Polkadot’s price could aim for the first point where sellers might step in at $10.50. If the positive trend continues, it could even test the higher resistance at $12.14. On the flip side, if the price drops, the nearest support at $7.20 would be key to prevent further declines. A break below this could see Polkadot heading down to $5.55. The recent price moves suggest a careful balance, with neither a clear impulsive nor corrective move in dominance, as indicated by the MACD Level being almost flat at -0.036.
Aptos (APT) Price Analysis and Prediction
Aptos shows a current price range between $11.54 and $16.82. In the last week, the coin dropped by over 12%, and it lost around 8% in the past month. However, over the last six months, the price has jumped impressively, rising over 152%. The price moves suggest a mix of both impulsive and corrective trends, reflecting a volatile market phase for Aptos.
Looking ahead, APT faces challenges at resistance levels of $20.00, and if momentum builds, potentially at $25.28. On the downside, support is seen near $9.44. The coin’s price could either climb toward higher resistance or retest support. The technical indicators like RSI and Stochastic show no extreme sentiment, hinting at a potential balanced movement going forward.
Conclusion
Bitcoin’s current trend suggests an approaching altseason, indicating it’s time to identify promising altcoins. Among the coins to watch, RNDR, OP, DOT, and APT show promise but might not surge in the short term. Instead, the spotlight is on BlastUP, which stands out with the highest potential. The solid concept and its role within the Blast ecosystem position it as a prime candidate for significant growth. Investors should consider this opportunity as the bull run of 2024 picks up pace.
Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
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