Cryptocurrency

Solana

Rune

THORChain

&nbsp;The cryptocurrency market is living up to its tradition of an “Uptober” rally, with substantial gains seen across the board. Spearheaded by a <a href="https://coingape.com/markets/bitcoin-price-prediction-bullish-pattern-sets-40k-next-target/" rel="noopener noreferrer nofollow">strong recovery in Bitcoin</a>, various altcoins are also showing signs of a trend reversal and appear ready to embark on a new bullish journey. In this article, we’ll spotlight the top three coins that are primed for a sustained uptrend in the upcoming month of November.
Also Read: <a href="https://coingape.com/bitcoin-forms-historic-golden-cross-ath-halving-planb-s2f-buy/" rel="noopener noreferrer nofollow">Bitcoin Forms Historic “Golden Cross” For ATH After Halving, PlanB’s S2F Signals “Buy”</a>
<h2 id="strong-solana-price-analysis-buyers-break-year-long-pattern-strong">Solana Price Analysis: Buyers Break Year-Long Pattern</h2>
<img decoding="async" class="alignnone" src="https://s3.tradingview.com/snapshots/o/oddEOF0Z.png" alt="Solana Price Analysis" width="1946" height="1104">Source- Tradingview
Over the past year, the <a href="https://coingape.com/price/solana/" rel="noopener noreferrer nofollow">Solana price</a> has steadily climbed within a well-defined rising channel, marked by two parallel trendlines that have effectively acted as dynamic support and resistance. Amid the current market rebound, the SOL price is breaking out above the channel’s upper trendline.&nbsp;
A daily candle close above this line would empower buyers to potentially initiate a strong upward move. In theory, the distance between the two trendlines is the predetermined target for this pattern. Thus, the post-breakout project could potentially surge the prices 52% higher to hit the $54 target.
<h2 id="strong-thorchain-price-analysis-sustained-buying-eyes-5-target-strong">THORChain Price Analysis: Sustained Buying Eyes $5 Target</h2>
<img decoding="async" class="alignnone" src="https://s3.tradingview.com/snapshots/v/vhUTiGBy.png" alt="THORChain Price Analysis" width="1946" height="1104">Source- Tradingview
In the last fortnight, the <a href="https://coingape.com/price/thorchain/" rel="noopener noreferrer nofollow">THORChain coin price</a> has experienced an impressive rally of nearly 95%, climbing from a key support level of $1.5 to its present price of $2.9. This upswing is backed by a surge in trading volume, emphasizing strong buyer interest.&nbsp;
<blockquote>
 On October 26th, the price decisively broke free from a long-standing resistance trendline within an expanding channel, marking the end of a lengthy consolidation period and signaling a potential trend reversal. With an intraday gain of 5.7% the Rune price eyeing the next significant resistance at $3.15, registering a potential 8.5% gain.&nbsp;
</blockquote>
If the bullish momentum continues, the buyers could extend this recovery rally to $3.8, followed by $5.22.
<h2 id="strong-xrp-price-analysis-bullish-pattern-sets-extended-recovery-strong">XRP Price Analysis: Bullish Pattern Sets Extended Recovery</h2>
<img decoding="async" class="alignnone" src="https://s3.tradingview.com/snapshots/k/kPOfuAL2.png" alt="XRP Price Analysis" width="1946" height="1104">Source- Tradingview
For the last two months, the XRP price has been largely range-bound, encapsulated within a <a href="https://coingape.com/glossary/symmetrical-triangle-pattern/" rel="noopener noreferrer nofollow">symmetrical triangle</a>. Contrary to expectations of a downward continuation, the market has favored buyers with a breakout above the pattern’s upper trendline.&nbsp;
This movement suggests a possible trend shift and has already lifted the coin price from $0.0542 to $0.59, delivering a 10% weekly gain. Following the pattern’s logic, the <a href="https://coingape.com/price/xrp/" rel="noopener noreferrer nofollow">XRP price</a> could ascend another 13% to reach $0.6687.&nbsp;
This would mean recovering nearly half of its losses from the correction between July and August, setting the stage for a new bullish trajectory.
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/markets/top-3-cryptocurrency-set-to-prolong-recovery-in-november/">Top 3 Cryptocurrency Set to Prolong Recovery Trend in November 2023</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

Top 3 Cryptocurrency Set to Prolong Recovery Trend in November 2023

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