3 altcoins to watch this week

Beincrypto analyzed three key altcoins that investors should monitor during this third week of March. So here are the directions they could take.

Solana: again an opportunity? The Solana course is currently at $ 129, well positioned for a possible upward breakthrough. This Monday, March 17, the Mercantile Chicago Exchange (CME) will launch the future on the ground; This is a major event for Altcoin and which could have positive repercussions. Indeed, given that the CME is one of the largest derivative grants in the world, this could lead to substantial institutional flows to the cryptocurrency of Solana. This development could thus renew a bullish momentum, pushing the Altcoin above. The critical level of resistance to monitor is $ 161, which would require a 24 %price increase. However, for this rally to materialize, the ground must first cross the levels of resistance located at $ 135 and $ 148, which would open the way for sustained gains. Analysis of the Solana course. Source: tradingView on the contrary, if Solana fails to unravel one or the other of these levels, the course could then back down. A fall below these levels could bring the soil to $ 126 or even lower to $ 118. This scenario would then cancel the upward perspective, delaying any potential recovery. In the worst case, Altcoin would even be exposed to a risk of additional decline. Mantle has a new Holder last week, the MNT course climbed 25 % while an update is getting closer. On March 19, the Mantle Mainnet network will undergo an upgrade by Hard Fork, activating Eigenda and ensuring compatibility with the future Pectra of Ethereum upgrade. This event arouses a strong bullish feeling for the MNT. In response to upgrade, the MNT could record new gains, potentially reaching $ 1.00. Currently exchanged at $ 0.83, the Altcoin must cross the resistance levels of $ 0.87 and $ 0.94 to support its rally. A successful breakthrough above these levels could confirm the upward trend. MNT’s course analysis. Source: TradingView, however, an inability to exceed $ 0.87 could result in MNT consolidation. If the Altcoin loses the support at $ 0.79, it may fall to $ 0.71. A fall at this level would then cancel the upward perspective and would tip the feeling of the market towards a downward trend. To target the rise, Mnt de Mantle can however count on a new Holder: World Liberty Financial (WLFI) of Trump. BNB still attack! Another Altcoin to be monitored in March, the BNB course climbed 19.5 % this week, reaching $ 635 at the editorial staff. Binance’s play managed to pierce the key resistance block between $ 587 and $ 619. With the bullish momentum that is built, the BNB seems ready for new gains, provided that market conditions remain favorable. A major catalyst is the next Hard Fork Pascal scheduled for March 20. The upgrade will introduce portfolios of intelligent EIP-7702 contracts, improved compatibility with the Ethereum virtual machine (EVM) and increased flexibility for developers. These improvements could strengthen investor confidence, pushing BNB over $ 647 and potentially towards the $ 686 mark. BNB course analysis. Source: TradingView however, if the anticipated rally fails to materialize, the BNB could go back to $ 619. The loss of this level of support could lead to new drops, returning Altcoin through the resistance block and potentially testing the support level of $ 550, which would invalidate the upward perspective. Morality of the story: Smile is to forget the grimace and the altcoins need it. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, this article of price analysis is only intended for information purposes and should not be considered as financial or investment advice. Beincrypto undertakes to provide exact and impartial information, but market conditions may change without notice. Always carry out your own research and consult a professional before making any financial decision.

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