Crypto Gator | The Best Cryptocurrency, Blockchain and Forex News Aggregator
The Best Cryptocurrency, Blockchain and Forex News Aggregator
The post Top 3 Altcoins to Splash Out in February 2023-Do You Have Some in your Portfolio? appeared first on Coinpedia Fintech News The crypto space has geared up due […]
The post Top 3 Altcoins to Splash Out in February 2023-Do You Have Some in your Portfolio? appeared first on Coinpedia Fintech News
The crypto space has geared up due to which a significant bullish momentum has piled up within the markets. As long as Bitcoin price continues to sustain above the gained levels, altcoins are believed to thrive and showcase a notable upswing in the coming month. The large-cap altcoins are supposed to surge as BTC price marks its highs beyond the next resistance, which is above $24,500.
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The Ethereum price has been trading within a falling wedge pattern which is largely considered bullish in the near future
The token is believed to undergo rejection and reach the lower support beyond which a giant price action may be triggered following a rebound
Woefully, the price is displaying a bearish divergence by facing rejection at the resistance, due to which the bulls may remain passive until the price squeezes out a little.
Therefore, the price may now reenter the wedge and shed some of its gains to attract the bulls who may uplift the price beyond $1800 soon
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The Cardano (ADA) price is trading within a descending parallel channel but holding the average levels of the channel
Presently, the price has risen significantly and testing the upper resistance of the channel and may probably face a major rejection to drop hard
In such case, the price could retest the lower support that resides around the average levels of the channel, beyond which a notable upswing may follow
If the bulls regain strength and ignite a rebound, then the price could resume with a notable upswing and may even breach the upper resistance of the channel and surge high
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XRP price has been manifesting enough strength since the beginning of the month and despite significant bearish interference, the trend continues to remain elevated
Presently, the price is facing rejection after testing the immediate resistance and heading toward the south
Moreover, an extended bearish action may even drag the prices lower below $0.4 in the coming days which may attract more liquidity to the platform
With a rebound, the price may quickly rise beyond $0.45 and head towards $0.5, facing a significant bearish action at frequent intervals.
