SLERF

Bitcoin

The post <a href="https://coinpedia.org/price-analysis/will-ether-fi-and-slerf-be-top-altcoin-performers-in-march/">Will Ether.Fi and SLERF Be Top Altcoin Performers In March?&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Amidst the broader market correction as Bitcoin falls 8% to break under the $64,000 mark, the altcoins are taking a critical hit. With the immense sell-off in the crypto market, Coinglass displays a huge number of long positions liquidating, accounting for $349.26M in the last 12 hours.&nbsp; 
As the sellers are trying to take over the larger market, some newly launched coins are finding a niche-focused rally. With a bull run turning in a short-term range, these coins are preparing for their next surge. Will they manage to sustain the uptrend and swim against the broader’s bearish wave?&nbsp; 
<h2 class="wp-block-heading" id="h-will-ethfi-price-give-a-bullish-break">Will ETHFI Price Give A Bullish Break?</h2> 
Following the jump from $0.230 to the $3.96 mark, the ETHFI price undergoes a short-term consolidation range in the 15 mins chart. As the altcoin is newly launched, the volatility is suspected to peak with the range breakout. 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/03/19145356/image-165.png" alt="" class="wp-image-280027" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/19145356/image-165.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/03/19145356/image-165-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/19145356/image-165-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/19145356/image-165-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/19145356/image-165-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/19145356/image-165-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<a href="https://www.tradingview.com/x/nTrpcsow/">TradingView</a> 
Hence, the sideline traders expect the bullish range breakout to propel the altcoin’s price higher above the $5 mark. As per the Fibonacci levels, the range is forming between the 50% and 100% Fibonacci level, and the breakout of either level will set the tone for future price trend. 
If the ETHFI price breaks above the $4 mark, the Fibonacci levels predict the next junction at $6.628. On the flip side, the bearish breakdown could result in a plunge in altcoin to the $2 mark.&nbsp; 
<h2 class="wp-block-heading" id="h-can-triangle-breakout-fuel-this-altcoin-s-rally">Can Triangle Breakout Fuel This Altcoin’s Rally?</h2> 
With a bullish breakout of the triangular pattern in the 15-minute chart, SLERF, the newly launched token, shows a rising trend in play. As the altcoin shows a jump from $0.10 to the $1.19 mark, the bulls are maintaining trend control.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/03/19145357/image-166.png" alt="" class="wp-image-280028" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/19145357/image-166.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/03/19145357/image-166-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/19145357/image-166-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/19145357/image-166-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/19145357/image-166-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/19145357/image-166-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<a href="https://www.tradingview.com/x/sszqm6SM/">Tradingview</a> 
Currently, the SLERF price shows a retest in action as it reverses from the $1.19 mark. This pullback is a retest of the triangle breakout and approaches the 50% Fib level at $0.68. Thus, the price action shows increased bounceback chances.&nbsp; 
If the buyers manage to regain the uptrend, then the altcoin price can break $1.19 to $1.87. On the flip side, the meme coin could plunge to $0.40.

Will Ether.Fi and SLERF Be Top Altcoin Performers In March?

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