While the pressure of the regulators in the crypto money market is increasing day by day, these 5 altcoins are the most rising altcoin projects between March 17-24! Experts have announced their predictions for these altcoins! Here are the details…
These altcoin projects marked the week with the rises!
The altcoin market, which gained momentum with the leading cryptocurrency Bitcoin (BTC) exceeding $ 28 thousand, saw the rise of many altcoins last week. While these projects included MASK, XDC, XRP, DASH and STX, it experienced an increase of over 45 percent, with MASK making the highest rise.
Mask Network (MASK)
MASK, the most bullish altcoin project of the week, has risen sharply since November 2022. The price finally broke out of this zone as the rally stopped below the $5.95 resistance area. Currently in the validation process as resistance. If the increase continues, the next closest resistance area will be $13.80. However, if the popular altcoin MASK falls below $5.90, it could decline to $2.90.
Mask Network native coin MASK has lost more than 7 percent in the last 24 hours. It is currently trading at $5.51. Its market value is at the level of 419 million dollars.
XDC Network (XDC)
XDC, another altcoin project that has been on the rise since the beginning of the year, made a higher low in March. This resulted in a break from the $0.036 resistance area and a new yearly high at $0.047 on March 21. However, the price formed a long upper wick and has since dropped quite a bit. It seems to be in the process of confirming the $0.036 region once again. According to experts, the $0.047 levels could be retested once the price regains its strength. XDC is momentarily located at $ 0.039 and has risen 3 percent in the last 24 hours. Its market value stands at $542 million.
The popular altcoin project XRP price broke out of a descending resistance line on March 21. As it gained momentum, which it had not been able to achieve for a long time, it attracted the attention of investors. The price hit a year high of $0.493 before falling. The price then confirmed the $0.430 area as support before bouncing off. If the increase continues, the next closest resistance area will be $0.055. However, if the crypto asset closes below $0.430, it will risk the entire upside move and cause a drop to $0.30.
Dash (DASH), one of the popular altcoin projects of the week, bounced off the $48 support area on March 14 and started an existing upward price action. It retraced an ascending support line on March 23. Instantly, the popular altcoin is trading at the 0.618 Fib retracement resistance at $65. If it explodes, the price could rise to the next resistance at $75. However, if a rejection follows, DASH could drop to $48.
As we reported as Kriptokoin.com, another altcoin project that has seen rises since the beginning of 2023 is Stacks (STX). The project hit its yearly high of $1.31 on March 20. However, the RSI levels show differently. The high on the daily RSI (green line) is coupled with the bearish bias. However, the price may have completed the third wave of a five-wave upside move (white). If so, a drop to the 0.5-0.618 Fib retracement support levels at the $0.63-0.76 level could occur. On the other hand, a close above $1.31 will invalidate this bearish prediction. In this case, the STX price could rise to $1.80.