3 Altcoins Poised to Outperform Bitcoin in March 2024๐คฏ๐ฅ๐
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 โฟ0.0020 horizontal area.
- The Elliott Wave theory suggests SOL has initiated wave four, with an expected 100% rise to โฟ0.0040.
- However, failure to maintain above โฟ0.0020 could lead to a significant 45% drop to โฟ0.0011.
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
