Top Picks For Altseason
Top 5 altcoins to look at for the upcoming ALT season.
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Yes, you heard me right ALT season 2.0 is expected to start very soon and before that starts I wanted to share the top 5 coins that will give you good gains in the alt season. Bitcoin broke its All-time high and is currently trading at a level of $66000–$66800 after it touched its resistance at $67000, I see two cases where we can get a good opportunity to accumulate some altcoins, one is if BTC Dominance broke its resistance at 49% and the other one if BTC took a correction either ways we’ll see alts falling pretty hard and that would be a good time to get your hands on them. So here are my top 5 suggestions that could give you very good gains in the alt season
Polkadot (DOT)
As many of you might already know this altcoin, is in the top 10 cryptocurrencies by market cap and is missing a major rally that is expected anytime soon, seeing how good fundamental this project is and seeing its recent development I would not be surprised if it crossed a 100 USD mark
If we talk about its resistance level, it is currently testing the $44.14 level if it is able to claim that level and confirm support that would be very bullish for Polkadot other resistance levels that I see are at $46.36 and $49.76 I don’t see them causing much problem if the market sentiment is bullish, but you can definitely look at it
If we look at support levels or if you are looking for some good buying zones then I would say your first entry can be at $30–$32, $26, and $21 the lower levels are hard to hit seeing the bullish sentiment in the market, if Polkadot is able to claim $44.14(test support) then you can also put a small amount on that level probably like 10% and another at $40.6 which are risky but if you cannot wait or want to lose the opportunity you can look at it (On your own risk)
MATIC
MATIC is another great and one of my favorite projects that is definitely hit $4 — $5 in the Bull Run (all season), the project has great fundamentals and is one of the best Indian based projects, we have always seen MATIC outperforming other alts in terms of the rally, I am very bullish on MATIC and there is only I think that I can say you always don’t have enough MATIC it’s one of those coins which makes you feel you should have bought more
If we look at the resistance level I don’t see much resistance the first one is around $1.68-$1.699 where it will test our trendline also which is proving to be strong support when the price is above it and string resistance whenever the price is below it and then next at around $1.89, breaking both these resistance should not be a very difficult task for MATIC in the alt season.
If we look at support level or buying zones the first one that I see is at $1.42–$1.46 which should definitely hit if the market takes a correction then after that $1.3 is an interesting level to look at which would make a great entry and the lottery zone entry should be at around $1.029-$1.08 if you get this entry its a gem, again the probability for these lower zones to hit is pretty hard but you can definitely look at it.
BNB
At this point, you all might be pretty familiar with this name the native token of Binance Smart Chain and Binance Exchange the biggest exchange in the world by market volume, We are seeing many new projects being released on Binance Smart Chain and there are all also many developments going on with it, its the 3rd largest cryptocurrency by market cap, and is worth investing
If we look at the resistance levels BNB broke its upwards channel and is currently making support on the upper trendline after testing a major resistance zone of $487-$514 if BNB is able to break and close above it then it would be very bullish, the second resistance zone that I see for BNB is at $576-$587.
If you looking to get an entry in BNB you can look at $439, $411, and $370 you can do dollar-cost averaging in these zones and get an entry into it you can also put a lottery zone bid at 270 just in case it hits, it would be a golden opportunity again it is very unlikely that it hits but definitely worth looking at.
Chainlink(LINK)
Chainlink is another great project that you can look into, similar to Polkadot I have high hopes from chainlink too, I expect it to reach $80-$100 during the all-season, fundamental and team-wise this project is excellent, currently I personally think its undervalued and it should give us a rally soon.
If we see its resistance levels then its currently testing its first resistance level at $28.117 after you can look for 31.44, If we talk about support levels and possible buying zones then you can look for $25.1-$25.5 level and then $22.05, both these zones will make good entry points that you should look for.
DOGE
Another interesting altcoin is DOGE, yes I know it’s a meme coin so what is it doing here but things are interesting in the case of this altcoin, there are many changes being made, and vitalik from ethereum is also working with the team to build something for DOGE. So, I would say you can look for an entry in doge and also in alt season we have almost any coin pumping and as soon as the alt season starts the hype for DOGE will be back
If we look at its chart then we can the area of $0.25–$0.26 acting as heavy resistance for DOGE and another heavy resistance is at $0.293 if see the entry points you look for $0.21 and $0.19 both these are good entry zones for doge and another level that I see which is difficult to hit but if the price reaches there you can look for a possible entry there, it is at $0.161 it is a great zone and should definitely keep an eye on it.
So, these were my recommendation for altcoins I will make another blog where I will talk about some more interesting altcoins to look at make sure you do your own research before doing any kind of trading
