Cryptocurrency investors are diversifying their portfolios with different altcoins to prepare for a new bullish season. In the fast-paced and dynamic world of cryptocurrency, it can be challenging to decide which cryptocurrencies to focus on. Three altcoins with the potential to provide significant gains are drawing attention.
Near Protocol (NEAR) is a Proof-of-Stake (PoS) Blockchain platform that aims to offer decentralized finance (DeFi) to a wide audience. Recent data shows an increase in NEAR’s market activity, and it has surpassed the $1.70 resistance on November 24. This indicates a potential short-term trend change. At the time of writing, the NEAR price is $1.84.
The 20-day Exponential Moving Average (EMA) showing an uptrend at $1.58 and a positive Relative Strength Index (RSI) are considered indicators of bullish dominance. NEAR has a minor resistance level at $2, and breaking this level could lead to a price increase up to $2.40.
Theta Network (THETA) has shown resistance against market corrections. Currently, THETA finds support at $0.88 from the 20-day EMA. The overall sentiment for THETA is positive, and dips are seen as buying opportunities by investors. A pullback from the 20-day EMA could encounter resistance levels at $1, $1.05, and $1.20, potentially pushing the price up to $1.33.
Arbitrum (ARB) created a significant buzz with a major airdrop during its 2023 launch and rapidly climbed among the top 100 crypto projects. However, there have been various debates during this period. ARB reached an all-time high of $11.80 in March 2023 but is currently trading at $1.06. The appeal of Arbitrum lies in being a leading Layer-2 (L2) solution that enhances Ethereum’s speed, scalability, and cost-effectiveness. Despite community disagreements affecting ARB’s position, the suggestion of these levels being a bottom could make it a preferred option for the bullish season.