Story Highlights
Bitcoin and altcoins have broken through key resistance levels as market optimism continues to grow, signaling the start of a bullish trend
Polygon, Tezos, and some altcoins show huge trend towards surging to interim milestone of $1 before year-end
The cryptocurrency market is entering the early stages of a bull run as star cryptocurrency Bitcoin topped $41,000 over the weekend. Although market sentiment has turned bullish, altcoins are also poised to surge higher to achieve their targets. Here are the top altcoins believed to reach $1 in the coming weeks and set the stage for a strong bull run.
Polygon (MATIC) #MATIC
MATIC price has resumed bullish momentum as the coin recently experienced a “golden cross” that pulled the price above bearish levels
The coin saw some bearish action over the weekend after consecutive bullish closes, but a bullish start to the week keeps expectations of a strong uptrend alive
DMI just turned bullish as ADX shows bullish divergence with bullish crossover between +Di and -Di levels
Price has rebounded from mid-term lows and is now believed to break through diagonal resistance and reach $1 before the end of 2024
Tezos (XTZ) #xtz
XTZ price has been testing diagonal resistance over the past few days, but bulls seem to be running out of strength
Despite the larger price changes, the RSI has been trading along the lower trendline, indicating that the coin will maintain good upward momentum in the coming days
Hence, the price is expected to break through the immediate resistance zone between $0.872 and $0.883 and converse for some time
Furthermore, a significant move higher could trigger a significant move above $1, with the late 2024 time frame seemingly unrestricted.
What’s next for Cardano and XRP? #xrp
Cardano and XRP have been consolidating in a tight range below $1 for a long time. The bear market in 2022 has adversely affected its value to a large extent, preventing the price from breaking through key resistance levels. ADA price is currently trading at $0.4074, while XRP price is around $0.6327. Both coins show potential to sustain good upward momentum, but may take more time than expected to reach the $1 milestone.
