February witnessed a surge in the cryptocurrency market, with Bitcoin and various altcoins nearing record valuation peaks. This period has seen several altcoin ventures gain prominence, rewarding investors with substantial returns. The discussion now turns to which projects could make significant strides in March.
ANKR Overcomes Resistance
The cryptocurrency ANKR overcame a significant obstacle by surpassing a long-standing descending resistance line that had been in place since May 2022. This barrier had previously led to three notable rejections, each ending with pronounced upper wicks. Following this breakout in February, ANKR might climb an additional 30% to a resistance level of $0.050. Nevertheless, if the uptrend fails to persist, there could be a 30% fall back to the descending resistance at $0.027.
RAY Eyes Substantial Gains
RAY has been on an ascending trajectory since October 2023, reaching a peak of $1.99 in December before facing a correction. Despite this, RAY has recently bounced back from the $1 support level and has started to ascend again. With the RSI indicating a strong base, a successful breakout could see RAY skyrocket by 200%, aiming for the $3.70 resistance mark. Conversely, a fall below $1 could see a 70% decline to $0.35.
Mask Network’s Breakthrough
MASK is another altcoin that has seen a breakout from a downtrend persisting since August 2021. After facing multiple rejections, including the most recent one in December 2023, MASK started 2024 with a positive trend. Should the bullish momentum last, MASK could see a 50% increase to the $7 resistance area. On the flip side, a lack of continuation in the uptrend could lead to a 23% decrease toward the descending resistance at $3.60.
As the crypto market continues to show strength, investors are closely monitoring these highlighted projects for potential growth in March. The ability of each cryptocurrency to maintain its upward course will be crucial in determining if they can achieve the forecasted highs or if a retreat to lower levels is imminent.
