Recently, Crypto Banter trading show host Kyle Doops revealed many new altcoins that have not appeared in previous market cycles. While altcoins have not yet broken out, he sees strong signs of a potential surge. Kyledoops believes that dips may bring buying opportunities once key resistance levels are broken.
With Bitcoin’s dominance dropping to 58%, he expects altcoins to soon take center stage, creating the perfect conditions for explosive altcoin growth. Looking back at past cycles, standout coins like XRP, Litecoin, Solana, and Cardano have all seen massive gains, and Kyledoops expects similar success in the future.
The top 9 altcoins to watch this week
Toncoin (TON)
Starting with Ton Coin, the analyst said that on the weekly chart, Ton Coin is in the mid-range resistance zone, but any purchase below this level is considered a discount zone. TON is expected to rise to $12 in the short term. In addition, the best purchase price should be around $6, which is considered to be an ideal price for long-term growth. A breakout may occur in December or January, which are bullish months for price surges.
CASPER (CSPR)
Continuing with the list, Casper has found support at the mid-range level. After outperforming Bitcoin in the 2023 bull run, it could rise further to the $0.28-0.30 range. Long-term holders are advised to buy around $0.14. A breakout above $0.18 would indicate the potential for continued gains.
Sui (SUI)
As a weak stock, Sui is consolidating after hitting the 1.618 FIB extension. A pause and consolidation is expected before a move towards $6.65. If Bitcoin sees a major decline, Sui could drop to the $2 range, which would be an excellent buying opportunity. The long-term outlook is positive with the potential for strong growth.
Injection (INJ)
As one of the popular coins, Injective is trading at the mid-range level on its weekly chart. The price needs to recover $3 to move up to $4.50. Buying in the mid-range area is a good re-accumulation strategy. Once it breaks above $3, the next target will be $4.50 and further up to $7.20.
Rendering (RNDR)
Render shows a strong entry pattern with a good chart setup and potential for growth. Despite being new on the list, the coin shows favorable price for investment in the coming months.
FET（Fetch.ai）
Fetch.ai is also in a bullish phase after consolidation and is expected to move higher as the market cycle progresses. Investors should keep an eye out for any pullbacks to support levels as Fetch.ai is likely to continue to perform well in the next market phase.
XLM (Stellar Lumens)
Despite the lack of hype, XLM is still in a solid upside position as it is gathering momentum and showing signs of growth. As the Stellar network continues to develop, the outlook is positive. Buying near support levels is ideal with the goal of holding positions in the upcoming bullish phase.
ADA (Cardano)
Cardano has been consolidating as regulation eases and could be preparing for a breakout. Its strong fundamentals and development updates suggest a positive outlook. Investors should watch for a breakout above key resistance levels to confirm a continuation of the uptrend and aim for long-term gains.
MATIC (Polygon)
Around 100 analysts believe Polygon has the potential to outperform the market and capitalize on the growth of decentralized applications and the Ethereum ecosystem. Watch for potential price dips to buy Polygon as the network continues to grow and attract more adoption in the DeFi space.
