š Breaking: Top 3 Altcoins Set to Outshine Bitcoin in January 2024!
š Altcoins with Bullish Momentum: A Glimpse into January 2024
1. Axie Infinity (AXS): Riding the Breakout Wave š
Axie Infinity has broken free from a long-standing descending resistance trend line dating back to October 2021. After hitting a low of 13,400 satoshis in October 2023, AXS has surged past the resistance, signaling a potential upward trend.
š Current Scenario:
The Relative Strength Index (RSI) has moved above 50, indicating positive momentum.
Despite a minor setback around 24,500 satoshis, a breakout from this level could propel the price by 145% to the next resistance at 60,000 satoshis.
ā ļø Caution:
Failure to close above 24,500 satoshis may lead to a 30% dip to the descending resistance trend line at 16,000 satoshis.
2. Binance Coin (BNB): Breaking Free from Resistance š
BNB has been under a descending resistance trend line since November 2022, reaching a low of āæ0.0051 in December. Now, it's on the verge of a breakthrough.
š Current Status:
BNB is making strides above the 400-day resistance trend line.The RSI is increasing, having broken out from its resistance, and is outside the overbought territory.
š Potential Upside:
A continuation of the breakout could propel BNB by 25%, aiming for the next resistance at āæ0.0088.
3. Arbitrum (ARB): Breaking the Chains! š
ARB joins the bullish lineup, breaking free from a descending resistance trend line, accompanied by a bullish divergence in the weekly RSI.
š Post-Breakout:
ARB reached a high of 3,350 satoshis post-breakout, closing above the resistance trend line.
š Potential Growth:
The bullish divergence in RSI supports the upward movement, hinting at potential growth in the near future.
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