Alcoins- Is there still room for growth?

9 дек. 2023 г.

Lately, many altcoins have risen above important resistance levels and gained a lot. So, a key question pops up: Can they still grow more? I believe so, and the chart shows why.

Looking at the chart, after hitting a low in 2022, Total2 TOTAL2 stayed in a range between 432 and 674. After the second resistance touch, it found new support at 500.

December started with a breakthrough above resistance, and now we are at 750 B.
With people feeling optimistic about the crypto market again, the most likely scenario is more growth.
As seen in the chart, the next big challenge is around 1 T, which is about 40% higher from where we are now.

To sum it up, the smart move seems to be buying altcoins when their prices drop (during corrections), especially near support levels. This way, you're in a good position for potential gains, going with the current market trends.