Emerging Altcoins Signal a New Season Amidst Crypto Market’s Resilience
Despite a slight slowdown, the crypto market in recent weeks and months has witnessed Bitcoin (BTC) surpassing $37,000 and climbing higher. During the same period, altcoins have shown strength by increasing in value. A closely followed crypto expert, Moustache, recently reported that a three-year-old chart model, which signaled the start of the first major altcoin season, is indicating a possible breakout for altcoins through the Gauss channel. Analysts expect the five altcoins featured in this article to stand out with the potential movement in the altcoin market.
Solana (SOL)
Crypto analyst Altcoin Sherpa, on November 30th, stated that despite expecting Solana (SOL) to consolidate between $50-75 for a while, he anticipates it to reach triple-digit levels by 2024.
Solana is trading at $59.61, down 0.43% in the last 24 hours at the time of this writing. Data shows that SOL’s price has increased by 5.65% in the last 7 days and by 72.19% in the last 30 days.
Ethereum (ETH)
Altcoin Sherpa also noted in a personal X (formerly known as Twitter) account post on November 29th that Ethereum (ETH), the king of altcoins, could surpass the psychologically significant $3,000 threshold in the coming months.
Current data shows ETH trading at $2,042, up 0.34% in the last 24 hours. Data reveals that the largest altcoin by market cap has decreased by 1.04% in the last week but increased by 13.47% in the last 30 days.
Dogecoin (DOGE)
Experienced crypto analyst Ali Martinez stated that Dogecoin (DOGE) could nearly double its price to $0.14 in the short term, provided it surpasses the major resistance at $0.087. Altcoin Sherpa claims that Dogecoin reaching $1 is only a matter of time.
DOGE is currently trading at $0.08381, up 3.17% in the last 24 hours, approaching the resistance point indicated by Martinez. Data shows that the popular memecoin’s value has increased by 10.41% in the last 7 days and by 20.86% in the last 30 days.
Chainlink (LINK)
Altcoin Sherpa recently suggested taking a starting position in Chainlink (LINK) within the $15-13 range and mentioned that it is highly likely for the altcoin to be several times above these levels a year from now.
LINK’s price is down 1.82% at $14.36 in the last 24 hours during the time of writing.
Cardano (ADA)
Another altcoin closely monitored by crypto analyst Ali Martinez is Cardano’s ADA, which he expects to make a significant move. Martinez reflected that the consolidation trend mirrors that of 2018-2022 and mentioned that the altcoin could break the $0.45 resistance and move towards $0.75 by the end of December.
Current data shows Cardano’s ADA trading at $0.3753, down 2.43% in the last 24 hours. Data indicates that ADA’s price has decreased by 1.47% over the last week but has increased by 27.96% over the last 30 days.
- Bitcoin and altcoins show market resilience.
- Five featured altcoins poised for potential growth.
- Analysts highlight key price movement signals.