The post Whales Are Buying These Altcoins Ahead Of U.S. Election 2024? appeared first on Coinpedia Fintech NewsAmid ongoing market turmoil, top cryptocurrencies have recorded a significant correction in their values.
However, whales have taken advantage of this situation by increasing their hold and stacking more tokens at a discounted price.With the increased price volatility in the crypto space, is this a crucial time to invest in these cryptocurrencies to maximize your profits during the bull market post-election? In this article, we have covered the top 3 tokens, that can dominate the market this month.
Bitcoin (BTC)With a drop of 2.08% in the past 24 hours, the Bitcoin price has retested its support level of $68,000. However, it has jumped 11.33% during the past month and has a YTD return of +61.63%, highlighting a long-term bullish action.
TradingView: BTC/USDTThe RSI indicator has failed to breach the overbought range in the 1D time frame. This has resulted in a sharp downtrend in its price chart. Further, it indicates a negative outlook for the Bitcoin price in the coming time.If the bullish sentiment resurfaces, the BTC coin price could retest its ATH of $73,750.07 this month.
On the other hand, if a bearish sentiment intensifies, the star crypto could retest its low of $60k.Also, read Bitcoin (BTC) Price Prediction!
Ethereum (ETH)The Ethereum price has recorded a neutral trend over the past seven days, with a variation of less than 2% in valuation. This indicates a weak buying and selling pressure for the altcoin leader in the cryptocurrency market. 
TradingView: ETH/USDTThe Moving Average Convergence Divergence (MACD) shows a constant red histogram in the 1D time frame with its averages recording a neutral price trend. Moreover, the EMA 50-day acts as a resistance, suggesting a mixed-price action.If the market favors the bulls, the ETH coin price could retest its upper resistance level of $2,800 during the upcoming time.
Conversely, if the bears outrun the bulls, the altcoin leader could retest its crucial support level of $2,200.Dogecoin (DOGE)Despite recording a correction of 6.36% in the past 24 hours and a trading volume of $1.570 billion, the DOGE coin price has jumped 9.91% over the past week and 40.47% during the past month. With a YTD return of 69.62%, it indicates a long-term bullish sentiment.
TradingView: DOGE/USDTThe SMA indicator has recorded a bearish convergence in the DOGE price chart. Further, the RSI has displayed a significant drop in the 1D time frame. This suggests a negative outlook for the memecoin leader in the coming time.Suppose, the bulls regain momentum, the Dogecoin price will retest its upper resistance level of $0.18225. On the contrary, if the bears dominate the market, this meme coin will plunge toward its support level of $0.127 this month.Also, read Dogecoin (DOGE) Price Prediction!
