Polkadot, Avalanche, Solana Among Top Altcoins Seeing Major Trend Shifts, According to Elite Crypto Analyst

2023-11-19 18:30

The altcoin market may be on the cusp of significant changes, according to crypto analyst Rekt Capital. In a recent video titled “Next Months Will Change Your Life,” Rekt Capital highlighted major trend shifts for top altcoins like Polkadot, Avalanche, Stellar, and others. These macro trend changes could indicate substantial upside potential.

“Polkadot is now on the cusp of breaking out into a new macro uptrend after seeing a macro downtrend for so long,” said Rekt Capital about DOT’s potential breakout from below $10.

Avalanche (AVAX) was noted to be breaking out from a falling wedge pattern, with the next major resistance around $32.

Stellar (XLM) was highlighted for breaking its macro downtrend that began in 2021. Its initial breakout from below $0.10 could mean further upside.

Solana (SOL) continues to show bullish continuation according to Rekt Capital, who stated “Solana, we know about Solana, this reaccumulation range here at these levels, multiple months of reaccumulation have now yielded continuation in the uptrend,” with a potential target around the $60 region.

Thorchain (RUNE) caught the analyst’s attention for breaking a long downtrend dating back to mid-2022, with potential for new all-time highs.

Ocean Protocol (OCEAN) was mentioned for breaking out of key structures, with a price target around 70 cents. Polygon (MATIC) was positioned to break a downtrend and rally to the psychological $1 level.

Summarizing the overall market, Rekt Capital emphasized that “We’re seeing macro Market structures get broken and so old downtrends transition into new macro uptrends.” He added about the outlook that “We’re seeing a shift in the tide for altcoins, we’re seeing altcoins change Trends completely and we just need to be ready for it.”

The tone of the video highlights major trend changes that could unfold for top altcoins in the coming months. As Rekt Capital notes, being prepared for these shifts could lead to life-changing opportunities. The technical analysis indicates traders and investors should keep a close watch for upside breakouts and trend reversals across the altcoin market.

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The post Polkadot, Avalanche, Solana Among Top Altcoins Seeing Major Trend Shifts, According to Elite Crypto Analyst appeared first on CaptainAltcoin.

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