The post Top 3 Altcoins to Splash Out in February 2023-Do You Have Some in your Portfolio? appeared first on Coinpedia Fintech News
The crypto space has geared up due to which a significant bullish momentum has piled up within the markets. As long as Bitcoin price continues to sustain above the gained levels, altcoins are believed to thrive and showcase a notable upswing in the coming month. The large-cap altcoins are supposed to surge as BTC price marks its highs beyond the next resistance, which is above $24,500.
Ethereum (ETH)
- The Ethereum price has been trading within a falling wedge pattern which is largely considered bullish in the near future
- The token is believed to undergo rejection and reach the lower support beyond which a giant price action may be triggered following a rebound
- Woefully, the price is displaying a bearish divergence by facing rejection at the resistance, due to which the bulls may remain passive until the price squeezes out a little.
- Therefore, the price may now reenter the wedge and shed some of its gains to attract the bulls who may uplift the price beyond $1800 soon
Cardano (ADA)
- The Cardano (ADA) price is trading within a descending parallel channel but holding the average levels of the channel
- Presently, the price has risen significantly and testing the upper resistance of the channel and may probably face a major rejection to drop hard
- In such case, the price could retest the lower support that resides around the average levels of the channel, beyond which a notable upswing may follow
- If the bulls regain strength and ignite a rebound, then the price could resume with a notable upswing and may even breach the upper resistance of the channel and surge high
Ripple (XRP)
- XRP price has been manifesting enough strength since the beginning of the month and despite significant bearish interference, the trend continues to remain elevated
- Presently, the price is facing rejection after testing the immediate resistance and heading toward the south
- Moreover, an extended bearish action may even drag the prices lower below $0.4 in the coming days which may attract more liquidity to the platform
- With a rebound, the price may quickly rise beyond $0.45 and head towards $0.5, facing a significant bearish action at frequent intervals.
Source: https://coinpedia.org/price-analysis/top-3-altcoins-to-splash-out-in-february-2023-do-you-have-some-in-your-portfolio/