The month of February was marked by a strong upward momentum for cryptocurrency markets. Bitcoin (BTC) and various altcoins reached new peaks. Here are two altcoins that crypto experts believe could hit all-time highs in March!
OCEAN Price Predictions
OCEAN’s price has been on the rise since the beginning of 2023. Initially, it struggled to break out from the descending resistance trend line that had been in place since its all-time high. However, after five unsuccessful attempts, OCEAN began to ascend in October, and then the rise accelerated. This week, OCEAN reached a new yearly high of $0.88, supported by an upward movement and wave count that confirms the breakout. Elliott Wave theory helps identify repeating long-term price patterns and investor psychology, aiding in determining the direction of a trend.
The most likely count suggests that OCEAN is in the third wave of a five-wave upward movement. If the count is correct, OCEAN’s price could rise to the next resistance levels of $1.36 or $2.03, corresponding to upward movements of 50% and 120%, respectively, with the latter potentially setting a new all-time high price. Despite the bullish price prediction for the cryptocurrency, a swift rejection at the current level could trigger a 45% drop to the nearest support at $0.55.
Aptos (APT) Price Analysis
APT’s price has been increasing since breaking the long-term descending resistance trend line in November 2023. The rise has been parabolic, reaching up to $13.60 this week. APT has reached the confluence of a horizontal resistance area and the 0.5 Fib retracement resistance level at $12.60, which is the last resistance before the all-time high of $20.55. The weekly Relative Strength Index (RSI) could support the breakout.
It has risen above 70, almost a sign of a bullish trend. However, if the APT price breaks above $12.60, it could surge another 70%, reaching the all-time high of $20.55. Despite APT’s bullish price prediction, a rejection from the $12.60 region could trigger a 35% drop to the nearest support at $7.90.
