Apart From SOL, ADA, DOT, and MATIC, Here are the Altcoins to Follow in 2024

The post Apart From SOL, ADA, DOT, and MATIC, Here are the Altcoins to Follow in 2024 appeared first on Coinpedia Fintech News

Ever since the 2021 bull run, cryptos have gained mainstream attention, with significant growth in adoption as well. Since then, the market participants have kept on exploring various other projects, which may outperform the popular cryptos in terms of growth. Although the top tokens like Bitcoin, Ethereum, Cardano, Polygon, and Avalanche have recorded gains, some of the emerging altcoins like Injective, Celestia, Optimism, etc. have marked remarkable rallies. 

Injective (INJ) 

• Injective is among the tokens which have manifested an insane rally of over 500%, forming a new ATH at $45.19

• The bulls do appear to be exhausted to some extent but continue to hold significant strength, due to which the support levels have been defending finely

• The buying pressure has been mounted, which could suggest the ARB price may maintain a healthy upswing in the coming days and continue to discover new highs.

Celestia (TIA)

• Ever since the beginning, the Celestia price has been trading within an ascending parallel channel, respecting the resistance and support levels

• The RSI continues to hover within the upper bands, suggesting the price may remain under a bullish influence

• However, the Bollinger bands are about to experience a squeeze, which may slash the volatility causing the price to drop towards the interim support below $15 soon

Optimism (OP) 

• The recent upswing in the markets has caused a remarkable surge in the Optimism price, which surged by over 250% to mark the labels close to $4

• The price has been failing to rise over the resistance at $4.1 and has faced rejection multiple times, which accomplished a double-top pattern

• Now that the token is testing the neckline, a notable drop may be expected, causing the price to test the interim support at $2.5, which may be followed by a bullish rebound

ImmutableX (IMX) 

• The IMX price formed a massive curve to diffuse the bearish impact that has been grounded for a long time frame

• Although the price surged over 100%, it failed to surpass the neckline at $2.6, triggering a fresh bearish action

• However, the buying pressure has piled up with a huge jump in volume, while the RSI still maintains within the bullish range. Therefore, after a brief consolidation, the IMX price may begin with a fresh upswing

Arbitrum (ARB) 

• The Arbitrum price has been trading within an ascending trend ever since the price broke off from the consolidation around $1

• However, the price has faced rejection at $2.2 and is maintaining a descending trend, triggering a 20% descending trend

• The RSI is bearish and is heading towards lower support, which may drag the price slightly lower. However, a rebound may follow, which may initiate a healthy rebound in the ARB price