Bitcoin

Solana

Solana’s price bounced from a support zone, hinting at the start of its last wave. Dogecoin is breaking out from a long-term downward trend line. The Graph surged past a downward trend line and rose above a support level.<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />These three altcoins are showing promising signs compared to Bitcoin (BTC) and might do better than it in March 2024. While BTC is heading towards a new record high, these altcoins have positive patterns that suggest they could perform even better than BTC.<h3 id="strong-solana-sol-price-analysis-strong">Solana (SOL) Price Analysis</h3>On the weekly time frame, Solana (SOL) has shown rapid growth since <a href="https://cryptosheadlines.com/polkadot-dot-surges-to-7-day-high-bulls-eye-resistance-break/" rel="noopener noreferrer nofollow">breaking out from a long-term descending resistance</a> trend line and confirming it as support in September 2023. This surge led to a peak of ₿0.0029 in December 2023. Although <a href="https://cryptosheadlines.com/sol-reaches-46-is-100-on-the-horizon/" rel="noopener noreferrer nofollow">SOL experienced a slight decline after reaching</a> this high, it found support around the ₿0.0020 horizontal area this week. The wave count indicates that wave four is now complete, according to Elliott Wave theory, which analyzes long-term price patterns and investor psychology to forecast trends.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/03/cryptosheadlines002.webp?resize&#61;640%2C286&amp;ssl&#61;1" /><a href="https://beincrypto.com/learn/what-is-solana/" rel="noopener noreferrer nofollow">SOL</a>/BTC Weekly Chart. Source: <a href="https://www.tradingview.com/symbols/SOLBTC/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">TradingView</a>Based on the wave count, SOL’s price has initiated wave four and is expected to rise by approximately 100% to reach the next resistance level at ₿0.0040. Despite this bullish prediction, if SOL closes below the ₿0.040 area, it could invalidate the wave count and potentially trigger a significant 45% drop to the nearest support level at ₿0.0011. Investors should monitor SOL’s price movements closely to gauge its adherence to this projection and anticipate potential challenges ahead.<a href="https://cryptosheadlines.com/ripple-ceo-signals-approval-for-xrp-etf/" rel="noopener noreferrer nofollow">Also Read: Ripple CEO Signals Approval for XRP ETF</a><h3 id="dogecoin-doge-price-analysis">Dogecoin (DOGE) Price Analysis</h3>Since October 2022, the price of Dogecoin (DOGE) has been trending below a descending resistance trend line. This decline reached a low of 157 satoshis this week. However, DOGE experienced a rebound, forming a significant bullish weekly candlestick. If the weekly close maintains this momentum, <a href="https://cryptosheadlines.com/dogecoin-doge-clears-900-day-trend-line-challenges-ahead/" rel="noopener noreferrer nofollow">DOGE will break out from the descending resistance trend line</a>, which has persisted for 490 days.<h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />Before the bounce, a <a href="https://cryptosheadlines.com/bitcoin-price-recovery-prospects-and-bullish-strength/" rel="noopener noreferrer nofollow">bullish divergence was observed in the Relative Strength</a> Index (RSI). Traders often use the RSI as a momentum indicator to gauge market conditions and decide whether to buy or sell an asset. A reading above 50 <a href="https://cryptosheadlines.com/cardano-ada-surges-14-in-a-week-indicating-historically-bullish-trend/" rel="noopener noreferrer nofollow">indicates a bullish trend</a>, while below 50 suggests a bearish trend. A <a href="https://cryptosheadlines.com/bullish-momentum-in-chainlink-impressive-gains-predicted/" rel="noopener noreferrer nofollow">bullish divergence occurs when there’s an increase in momentum</a> alongside a decrease in price, often signaling a potential trend reversal.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/03/cryptosheadlines003.webp?resize&#61;640%2C286&amp;ssl&#61;1" />DOGE/BTC Weekly Chart. Source: <a href="https://www.tradingview.com/symbols/DOGEBTC/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">TradingView</a>If DOGE confirms the breakout, it could surge by 35% to reach the next resistance level at 270 satoshis. Despite this optimistic projection, failure to break out may result in a 50% drop to the nearest support at 100 satoshis. It’s important for traders to closely monitor DOGE’s price movement to assess whether it aligns with these expectations and to anticipate potential outcomes accordingly.<h3 id="the-graph-grt-price-analysis">The Graph (GRT) Price Analysis</h3>The final altcoin with potential to surpass BTC is The Graph (GRT). GRT’s price recently broke out from a descending resistance trend line that had been in place since its all-time high. Following a bounce at the trend line, GRT initiated an upward movement, leading to a <a href="https://cryptosheadlines.com/fantom-ftm-price-anticipates-200-rally-beyond-breakout-level/" rel="noopener noreferrer nofollow">breakout above the 450 satoshi resistance level</a>.<a href="https://cryptosheadlines.com/jasmycoin-price-surges-161-weekly-is-it-the-best-crypto-to-buy-now/" rel="noopener noreferrer nofollow">Also Read: JasmyCoin Price Surges 161% Weekly: Is It the Best Crypto to Buy Now?</a>The breakout coincided with an increase in the Relative Strength Index (RSI) above 50, providing legitimacy to the upward movement. Consequently, if this upward trajectory persists, The Graph has the <a href="https://cryptosheadlines.com/analysts-outline-a-potential-route-for-ripple-xrp-to-reach-a-new-all-time-high-of-approximately-5/" rel="noopener noreferrer nofollow">potential to surge by approximately 90% to reach</a> the next resistance at 900 satoshis.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/03/cryptosheadlines004.webp?resize&#61;640%2C286&amp;ssl&#61;1" />GRT/BTC Weekly Chart. Source: <a href="https://www.tradingview.com/symbols/GRTBTC/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">TradingView</a>Despite the optimistic <a href="https://cryptosheadlines.com/google-bard-predicts-shiba-inu-and-tradecurve-price-outlook-for-2023/" rel="noopener noreferrer nofollow">outlook for GRT’s price</a>, a close below the 450 satoshi support area could trigger a significant 45% decline, potentially returning to the resistance trend line at 280 satoshis. It’s crucial for investors to monitor GRT’s price movements closely to assess its adherence to this projection and prepare for potential challenges ahead.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

3 Altcoins Expected to Beat Bitcoin in March 2024

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