According to the VR soldier experts, these three altcoins are forming bullish patterns and all these altcoins could reach new all-time highs in March.
1. Ocean Protocol (OCEAN)
The price of OCEAN has been rising since the beginning of 2023. In October, on the sixth attempt, the asset broke through the descending resistance line that had existed since reaching the previous all-time peak.
OCEAN hit a new yearly high of $0.88 this week, with wave analysis supporting an upward move and breakout. According to the most likely calculation, the token is in the third wave of a five-wave upward movement. If so, its price could rise to the next resistance levels at $1.36 or $2.03. In the first case, the ratio of the first and third waves will be 1:1, and in the second – 1:1.61. This would mean an upward movement of 50% and 120% respectively.
Despite the bullish outlook, a fall from current levels could trigger a 45% collapse to the nearest support at $0.55.
2. Aptos (APT)
The price of APT began to rise after breaking through the long-term descending resistance line in November 2023. A parabolic upward move led to a high of $13.60 this week. Aptos reached the confluence of the $12.60 resistance levels formed by the horizontal area and the 0.5 Fibonacci resistance level. This is the last milestone that separates the asset from the all-time highs of $20.55.
The weekly relative strength index (RSI) supports the breakout. The indicator is growing and approaching 70, which is considered a sign of a bullish trend.
If APT breaks above $12.60, it could rise another 70% and reach all-time highs. However, a deviation from the $12.60 area could trigger a 35% drop to immediate support at $7.90.
3. iExec RLC (RLC)
Over the past three weeks, RLC has broken out of the key $2.30 horizontal resistance area and risen above an ascending parallel channel that has existed since June 2022.
The growth was supported by the relative strength index, which consolidated above 70. Now the price of the altcoin is approaching the $5.30 resistance area, which is the last one before reaching an all-time highs. If RLC breaks this zone, it could rise another 140%, approaching the $10 peak.
iEx.ec aims to provide decentralized applications with scalable, secure and easy access to the computing resources needed for execution. The platform uses blockchain to organize a market network where anyone can monetize their servers, applications and data sets. The technology expands the capabilities of Ethereum smart contracts, allowing the creation of a virtual cloud infrastructure.
Altcoins: Worth the Risk?
The cryptocurrency market, known for its high volatility, requires careful risk assessment. Bitcoin may be attractive to new investors in challenging markets due to its stability. Altcoins that fall in a bear market can provide significant profit opportunities, but also carry higher volatility and therefore greater risk. A good understanding of risk tolerance will help an investor make a decision. When investing in altcoins, you should focus on the value of the token, as well as the progress of the project associated with it. Investing in BTC, on the other hand, is usually based on belief in the asset’s potential, even in a bear market.
