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With Bitcoin’s (BTC) upward movement in the cryptocurrency markets, attention has turned to altcoins. Cryptocurrency experts have highlighted three altcoins that could move in the coming months. According to analysts, these could be the standout altcoins of 2024!
NOT and DOGE Expectations
Last month, Notcoin experienced an increase of over 28%. Trading between $0.0175 and $0.2, NOT showed significant volatility last week. Notcoin’s recent rise followed an announcement detailing significant user adoption and new participation incentives. Notcoin shows strong bullish momentum, indicating a possible entry into an upward phase.
If this trend continues, NOT could surpass the $0.019 resistance level. This trajectory could push its value towards $0.05 and potentially reach $0.1 in the foreseeable future. Conversely, if market sentiment turns negative, Notcoin’s value could find support around $0.018. A prolonged decline could cause the price to drop to approximately $0.017, highlighting the inherent volatility of the cryptocurrency market.
Dogecoin’s price has recently been trading in a horizontal trend where bulls and bears struggle for control. Despite occasional sharp rises and falls, the price has remained within a narrow range, reflecting market indecision. Last week, DOGE fell by more than 10%, indicating a bearish sentiment among investors.
The meme token is trading between $0.14 and $0.16, reflecting increased market volatility. According to experts, if DOGE surpasses $0.15, it could face significant resistance at $0.20. Breaking out of the long-standing trading pattern will be a significant milestone. Continuing above this level could set the stage for Dogecoin to target a more ambitious resistance at $1.
Ambitious Target for Ripple
Ripple (XRP) is trading above $0.5 during the American session on Monday. According to 21milyon.com data, its value increased by 1.4% in the last hour and continued its 1.8% rise over 24 hours. XRP fell below $0.5 on Friday but held above the $0.49 level. Since that period, a recovery has occurred, reclaiming ground above $0.5.
According to experts, the 20-day Exponential Moving Average (EMA) could provide support at $0.5116 as XRP forms its second consecutive four-hour bullish candle. Based on the relative strength index, currently at 51 compared to last week’s oversold region, XRP shows potential to shape an upward trend towards $0.6. If this breakout occurs, XRP’s price could support a larger move towards $1, driven by FOMO.
