The post Altcoins That May Kick-Start a Fresh Rise During the Weekend, Will Bitcoin & Ethereum Follow? appeared first on Coinpedia Fintech News
The memecoins have made a huge impact on the markets in the past few days, due to which the volatility has remained pretty high. In the meantime, some of the other altcoins have been displaying enough strength and also displaying huge chances of possessing a bullish breakout during the weekend.
Avalanche (AVAX)
The avalanche price has been trading within a parabolic curve and has surged above the key resistance zone. Since then, the price has been consolidating above the gains, suggesting the price is preparing for a massive upswing in the coming days.
Due to the recent price action, the RSI plunged hard and was heading towards lower support. However, the latest recovery has triggered a bullish divergence and the impact of it may be witnessed over the price soon. The ADX is neutral at the moment but after a small consolidation, it may range high. This could be when the price begins with a fresh upswing and reaches $70, probably before the end of the month.
BinanceCoin (BNB)
The BinanceCoin price has been demonstrating massive strength since the last few weeks of 2023. The price soared from the lows below $230 to as high as $630 and despite a minor pullback, the token appears to be preparing for a fresh upswing.
The BNB price continues to trade within an expanding channel despite a rejection from the upper resistance. The latest rebound validates a move beyond $650 and appears to be preprogrammed, which may pave the way for the token to reach $700. The +Di & -Di levels have triggered a diversion, which validates the beginning of a fresh upswing. Besides, MACD also has displayed a drop in selling pressure, suggesting the buying volume may soon kick in.
Dogecoin (DOGE)
The rebound from the lows below $0.06 has induced significant strength within the rally. The prices have remained inflated since then, forming new yearly highs above $0.2. Although the rally is witnessing a minor pullback, the strength remains intact.
Regardless of the latest price action, the DOGE price is manifesting acute strength and hence is believed to rebound and rise above the key resistance zone between $0.16 and $0.18. This may pave the way for the token to form a new yearly high above $0.3 in a short while. The rising RSI validates the bullish scenario that may eventually range the levels to the upper resistance zone between $0.32 and $0.35 anytime from now.