3 Altcoins Poised to Outperform Bitcoin in March 2024🤯💥📈
In March 2024, three altcoins are showing promising signs compared to Bitcoin (BTC), suggesting they may outperform BTC in the coming month.
1. Solana (SOL)
- SOL broke out from a long-term descending resistance trend line in September 2023 and confirmed it as support.
- Despite a slight decline, SOL found support around the ₿0.0020 horizontal area.
- The Elliott Wave theory suggests SOL has initiated wave four, with an expected 100% rise to ₿0.0040.
- However, failure to maintain above ₿0.0020 could lead to a significant 45% drop to ₿0.0011.
2. Dogecoin (DOGE)
- DOGE has been trending below a descending resistance trend line since October 2022.
- It experienced a rebound, forming a significant bullish weekly candlestick.
- A bullish divergence was observed in the Relative Strength Index (RSI), indicating a potential trend reversal.
- If DOGE confirms the breakout, it could surge by 35% to reach 270 satoshis, but failure may result in a 50% drop to 100 satoshis.
3. The Graph (GRT)
- GRT recently broke out from a descending resistance trend line.
- Following a bounce at the trend line, GRT surged above the 450 satoshi resistance level.
- The breakout coincided with an increase in the Relative Strength Index (RSI) above 50.
- GRT has the potential to surge by approximately 90% to reach the next resistance at 900 satoshis.
- However, a close below the 450 satoshi support area could trigger a significant 45% decline.
Investors should closely monitor these altcoins' price movements to gauge adherence to projections and anticipate potential challenges ahead.
$SOL $GRT $DOGE
