Top 3 Altcoins that may resume bullish recovery in March 2023
Published 6 seconds ago by
Brian Bollinger The market saw a slowdown in growth for the majority of major cryptocurrency cryptocurrencies during the second month of 2023. Despite the uncertain sentiment of market participants, the crypto coin has shown a strong bullish pattern. These technical setups could encourage the below-mentioned coin to prolong its price recovery in March 2023advertisementRipple(XRP)Source- TradingviewThe ongoing correction in the XRP coin price is confirmed between two downsloping trendlines. This correction phase has lowered the coin’s price by 11.7% over the past five months. It currently trades at $0.379. The pattern appears in an established uptrend. In theory, the minor correction is meant stabilize excessive buying and give a break before the next cycle. Trending StoriesCoin holders who are looking for entry opportunities should wait for a bullish breakout of the pattern’s resistance line. This breakout will offer an entry opportunity and signal the resumption of the prior uptrend.In a favorable bullish scenario, the XRP coin breakout from the overhead trendline could lead the price to the $5.1 mark.Solana(SOL)Source- TradingviewAfter witnessing an explosive rally in January, the Solana coin price went sideways after hitting the $28.6 level. The Solana coin price fell after hitting the $28.6 level in January. However, it has been steadily consolidating for more than a month and resting between the $26.8 support and $20 support. This could be a temporary retesting period by the buyers that could help to replenish bullish momentum. The bullish pressure will be accelerated by a greater chance of an upside breakout at $26.8 resistance. This breakout could propel the SOL price to these targets: $30.5, $34.6 and $39. Source: Tradingview. The Uniswap (UNI) price action over the last seven months has shown a rounding bottom pattern. This bullish continuation pattern suggests sustained growth and a gradual shift of price trends. However, under the influence of a bullish pattern, the coin should rise above the $7.78 resistance.advertisementThis breakout will intensify the buying pressure and may encourage the UNI price to challenge the $9.65 neckline resistance. In ideal bullish conditions, however, the UNI price should rise above $7.78 resistance. The UNI price is the $14.5 mark.Share this article on:advertisementAbout author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.