The cryptocurrency market is constantly evolving, and altcoins are gaining significant attention as potential investment opportunities. Recently, Kyle Doops, the host of Crypto Banter’s Trading Show, has highlighted several altcoins that are entering the market with promising potential. While these altcoins have yet to break out, there are clear indicators of an impending surge. According to Kyledoops, once key resistance levels are surpassed, these altcoins could present lucrative buying opportunities.
As Bitcoin’s market dominance falls to 58%, the spotlight is shifting towards altcoins. This shift is setting the stage for an explosive altcoin season, reminiscent of past cycles where standout coins like XRP, Litecoin, Solana, and Cardano delivered massive gains. Kyledoops anticipates similar success in the near future.
Top 9 Altcoins to Eye in This Cycle
In this article, we will delve into nine altcoins that are poised to make waves in the upcoming market cycle. Each of these coins presents unique opportunities and potential for growth.
Ton Coin (TON)
Ton Coin is currently positioned at the mid-range resistance area on the weekly chart. Any purchase below this level is considered a discount. The expectation is for Ton Coin to ascend towards $12 in the near term. The ideal buying point is around $6, making it a strategic choice for long-term gains. A breakout is anticipated by December or January, traditionally bullish months for price surges.
Casper (CSPR)
Casper is establishing support at its mid-range level. Having outperformed Bitcoin during the 2023 bull run, it is projected to reach the $0.28–$0.30 range. Long-term holders are advised to consider buying around $0.14. A break above $0.18 would signal continued upside potential, making it a compelling investment.
Sui (SUI)
As an underdog in the market, Sui is currently consolidating after hitting the 1.618 FIB extension. A brief pause and consolidation are expected before a potential rise towards $6.65. If Bitcoin experiences a significant dip, Sui might drop to the $2 range, presenting a prime buying opportunity for investors. The long-term outlook remains positive, with the possibility of substantial growth.
Injective (INJ)
Injective is gaining traction as one of the hot coins to watch. It is currently at mid-range levels on its weekly chart. The price needs to reclaim $3 to target a move up to $4.50. Buying within the mid-range zone is a strategic reaccumulation approach. Once it breaks above $3, the next target would be $4.50, with further upside potential towards $7.20.
Render (RNDR)
Render is exhibiting a strong entry pattern, with an attractive chart setup for potential growth. Despite being a new addition to the list, it showcases a favorable price for investment in the coming months, making it a noteworthy contender in the altcoin market.
FET (Fetch.ai)
Fetch.ai is in a bullish phase following a period of consolidation. As the market cycle progresses, it is expected to move higher. Investors should monitor any retracement into support levels for potential entry points, as Fetch.ai may continue to perform well in the upcoming market phase.
XLM (Stellar Lumens)
Although not heavily hyped, XLM is in a solid position to gain momentum and show growth. With ongoing developments in the Stellar network, the outlook remains bullish. Buying near support levels is advisable, with a target to hold through the impending bullish phases.
ADA (Cardano)
Cardano has been consolidating its range as regulations ease and might be preparing for a breakout. Its strong fundamentals and development updates suggest a positive outlook. Investors should watch for a break above key resistance levels to confirm the continuation of the upward trend, aiming for long-term gains.
MATIC (Polygon)
Polygon is showcasing a robust presence in the market, with the potential to capitalize on the growth of decentralized applications and Ethereum’s ecosystem. Investors should look for potential dips in price to buy into Polygon, as the network continues to grow and attract more adoption in the DeFi space.
Out of these 9 hidden gems, which will be your top pick in the upcoming altcoin season?
