Top 5 Altcoins That Are Set to Explode in November 2022 By CoinEdition
© Reuters. Top 5 Altcoins That Are Set to Explode in November 2022
- BNB, DOGE, MATIC, LUNC and APT are the top 5 altcoins to watch in November.
- Binance Coin’s price is positioned above the daily 9 and 20 EMA lines.
- APT’s price activity could pose as buy opportunity after listing on Binance.
The top 5 altcoins to watch for November 2022 are (BNB), (DOGE), Polygon (MATIC), Luna Classic (LUNC) and Aptos (APT).
1. Binance Coin (BNB)
Binance Coin (BNB) is trading at $313.86 after gaining 3.81% over the last 24 hours according to CoinMarketCap. Its price has also strengthened against the two crypto market leaders, (BTC) and (ETH), by 2.86% and 0.67% respectively.
BNB/USDT daily chart Source: CoinMarketCap
The 9 and 20 EMA lines crossed bullishly through the course of the last week. This cross ignited a bullish pump that say BNB’s price comfortably break above the two EMA lines. Bullish flags that suggest that BNB’s price will continue to rise are the 9 EMA breaking away above the 20 EMA line and the RSI line breaking away above the RSI SMA line.
2. Dogecoin (DOGE)
DOGE’s price has risen an astounding 46.39% over the last 24 hours – taking its price to $0.132.
DOGE/USDT daily chart Source: CoinMarketCap
DOGE’s price has increased parabolically following the news this week that Elon Musk’s acquisition of Twitter was completed. Investors need to brace for a potential retracement which can already be seen on DOGE’s daily chart as investors will look to cash out the profit opportunity in this current bear market.
3. Polygon (MATIC)
MATIC’s price has dropped slightly over the last 24 hours to now trade at $0.9359. It has also weakened against the two crypto market leaders, BTC and ETH, by 0.97% and 2.90% respectively.
MATIC/USDT daily chart Source: CoinMarketCap
The relative position of the daily 9 and 20 EMA lines on MATIC’s daily chart suggest that MATIC’s price will soon recover to enter into a bullish move again. MATIC’s will likely look to drop to as low as the 9 EMA line for a brief break from its bullish move, before entering into another bullish move upwards.
4. Luna Classic (LUNC)
LUNC’s price stands at $0.0002362 following a 3.63% drop in price over the last 24 hours.
LUNC/USDT daily chart Source: CoinMarketCap
LUNC’s price is currently trading in a parallel price channel between $0.00038098 and $0.00022905. The first resistance level that LUNC will have to challenge is $0.00027183. Thereafter LUNC’s price will target the upper bound of the aforementioned price channel.
5. Aptos (APT)
APT is trading at $7.85 after dropping 4.48% over the last 24 hours.
APT/USDT daily chart Source: CoinMarketCap
The price of APT has been in a decline ever since the altcoin listed on Binance. The relatively flat price movement of APT may be seen as a buy opportunity for risk-averse investors and traders, which will ultimately result in APT’s price spiking.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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