Altcoins of late have been more robust compared to the star cryptocurrency Bitcoin, as they tend to rally quickly with a slight change in market sentiment. One of the popular analysts, Altcoin Sherpa, in his latest video update, lists some of the altcoins that have the potential to make a huge leap in the coming days.

Starting with Dogecoin (DOGE), the analyst says that Dogecoin (DOGE) price is currently at crucial support levels between $0.09 and $0.10. The analyst believes that this could be the right time to enter a significant long position.

“This area should be a theoretical area of ​​support given this high [slightly above $0.10] that was put before So you can think of it like this, where it’s resistance several times over and now it’s actually support… this area could theoretically be an entry area.”

Switching to Binance Coin (BNB), the analyst believes the asset will drop to the lower end of the range, which is currently trading between $317 and $280 since early December.

Choppy price action to be honest on lower time frames. You can see this high is around $330 and this low is around $260, this is probably the range right now… it was touched multiple times for support throughout September and October and also touched resistance several times times. I wouldn’t be surprised if maybe the lows come back, but around $260.”

Moving to Polygon (MATIC), the trader says the crypto looks to ignite a significant rally soon, but is heavily dependent on Bitcoin.

“I think it is likely that we will see something more bullish as long as Bitcoin holds up. I wouldn’t be surprised to see this type of rise to mid-$1. But then again, it’s really going to depend on Bitcoin.”

Lastly, taking aim at Fantom (FTM), the analyst says that the token presents a buying opportunity for market participants at the current support level of $0.22.

“I’m still going to be looking at this 0.5 Fibonacci level]around $0.22 or so… that $0.22 area has decent support and resistance… that’s an area I’m looking to bid on.”



This post Altcoins to watch out for, amid low volatility market conditions

was published first on https://coinpedia.org/altcoin/altcoins-to-lookout-for-amid-the-low-volatile-market-conditions/

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