Top 3 Altcoins to Invest in the Coming Bull Run of 2023

With the Bitcoin price hitting $30000 for the first time in ten months, the crypto market seems to be getting back on the recovery track. As a result, several altcoins witnessed a significant uptick and continued with the bullish setup offering a long entry opportunity to interested traders. Given below is the list of the top three altcoins likely to witness significant growth in 2023

Binance Coin(BNB) 

Source- Tradingview 

For over a year, the Binance coin price walking a sideways trend has revealed the formation of the symmetrical triangle pattern. The coin price reverted twice from the support trendline and four times from the resistance trendline indicating traders are actively responding to this pattern setup.

The BNB price currently trades at the $319 mark, and its recent reversal from the resistance trendline indicates the coin holders may witness another correction phase and prolong the consolidation phase.

Anyhow, the rising RSI indicator value reflects growth in underlying bullish momentum and a higher possibility of overhead trendline breakout. This breakout could surge the BNB price to the ideal target of $600.

Also Read: What Are Bitcoin Ordinals And How Do They Work?

Cardano (ADA)

Source- Tradingview 

In the daily time chart, the Cardano coin price shows the formation of a famous bullish pattern called inverted Head and Shoulder. With the recent growth in the market, the coin price is rallying to the pattern’s neckline resistance of $0.42.

As of now, the ADA price trades at the $0.4 mark, and it could consolidate below the neckline resistance before giving an actual breakout. A decisive breakout with the weekly candle closing above the neckline will offer buyers significant footing to prolong a bullish rally.

In an ideal bullish scenario, this chart pattern could lead the ADA price to $0.6 mark.

Solana (SOL)

Source- Tradingview 

Amid the recent growth in the crypto market, the Solana coin price gave a massive breakout from a 10-month-long coming resistance trendline. This breakout is an early sign of trend reversal and hints the market sentiment from selling on rallies to buying on dips.

The SOL price currently trades at the $24.19 mark and is witnessing significant inflow from market participants. However, the price may turn around for a minor pullback to retest the breached trendline and offer a long entry opportunity.

Furthermore, with sustained buying, the Solana price may hit the potential targets of $26.9, followed by $37.7, and $48.2.