• Crypto markets are turning bullish slowly yet steadily, as the majority of the cryptos have raised beyond their crucial resistance during the past weekend
• Some of the altcoins maintained significant strength while the bears dominated the rally and quickly surged high by accumulating double-digit gains
• These altcoins flash the possibilities of a continued upswing and may also lead the AltSeason for the year 2023
The cryptocurrency market has been slowly and steadily turning bullish in recent weeks, with the majority of digital assets seeing their prices break past crucial resistance levels over the weekend. Altcoins in particular have been exhibiting a strong performance, with some of them managing to sustain double-digit gains despite the bearish pressure that has been dominating the rally. This is a sign that these altcoins have the potential to keep the upward momentum going, and possibly even lead the way during the AltSeason of 2023.
One of the altcoins that has been exhibiting a particularly strong performance of late is Polygon (MATIC). The coin is currently trading within an ascending triangle and is headed towards the upper resistance. In the short-term, the price may experience a minor pullback, but it is expected to remain above the $1 mark, which could trigger the next leg up. If the price is able to break through this resistance level, it could reach an important psychological level of $2, and possibly even higher.
Other altcoins that have been showing promise over the past couple of weeks include Ethereum Classic (ETC), Binance Coin (BNB), and Cardano (ADA). Ethereum Classic has been on a steady climb, with its price reaching above the $50 mark, and Binance Coin has been experiencing a surge in demand, with its price climbing past the $500 mark. Cardano, meanwhile, has been rallying against Bitcoin, with its price reaching a new all-time high of $1.30.
These altcoins are leading the charge in what could be the start of a significant bull rally in the cryptocurrency market. It remains to be seen if this momentum will be sustained over the coming months, but with the markets currently showing signs of strength, investors should pay close attention to these coins as they could be the ones to lead the AltSeason of 2023.