The impending approval of Bitcoin and Ethereum spot ETFs marks a pivotal moment for the cryptocurrency market as we head into 2024. This milestone, alongside the market’s recovery, is creating a suitable ground for investment opportunities as this digital currency would likely witness massive adoption from the traditional market participants too. This article focuses on under-the-radar cryptocurrencies poised for significant growth in a recovering market. These selected tokens offer unique opportunities for massive gains in the coming year.
Also Read: Here’s Why Robert Kiyosaki Advises Buying Bitcoin Amid A Potential Market Collapse
Kaspa Price Leads November’s Crypto Surge
Kaspa coin price has emerged as a standout performer in November’s cryptocurrency market. Starting the month at a modest $0.05, it astonishingly soared 210% to an all-time high of $0.1548.
This rapid ascent now sees the coin consolidating within a bullish pennant pattern, suggesting a continuation of its upward trajectory. As it nudges against the pattern’s upper trendline with a 6% intraday gain, a breakout could reignite its bullish momentum, potentially pushing the price up by another 82% to $0.25.
THORChain Price Recovery Fueled by Rounding Bottom Pattern
The THORChain coin price has been on an impressive climb, rebounding from $1.5 in late October to a 20-month high of $6.68 – a substantial 345% increase. This rally, breaking past the pivotal $3 resistance, marks its exit from a 19-month accumulation phase.
The altcoin’s trajectory follows a rounding bottom pattern, a bullish indicator at major market lows. If the current buying trend sustains, the RUNE price could surge an additional 108% to challenge the $13.25 neckline resistance
Immutable Price Poised for a Massive Breakout
In the weekly time frame chart, the Immutable price shows the formation of a famous bullish reversal pattern double bottom. This pattern is a sign of increased accumulation from investors, offering an excellent early entry opportunity to traders.
Amid the October-November rally of the crypto market, the IMX price surged nearly 174% to reach the current trading price of $1.37. With an intraday gain of 8%, the coin price continues its upward trajectory to $1.58, the neckline resistance of the pattern. The post-breakout rally would surge the price another 75% to hit a 20-month high of $2.80
PancakeSwap Price On the Cusp of a Trend Reversal
Over the past 19 months, the PancakeSwap price has witnessed a steady downtrend under the influence of a falling wedge pattern. The coin price has rebounded at least twice from each trendline indicating the strong influence this pattern is having on market participants.
On November 21st, the coin price witnessed its latest reversal from the upper trendline, which plunged its value 15% in the last two weeks to currently trade at $2.3. While this reversal could potentially plunge the coin price to below the $1 mark, the converging nature of the trendlines indicates the exhausting bearish momentum which commonly leads to an upside breakout.
A potential breakout from the upper trend line would signal an early sign of trend reversal and could surge the price 110% up to hit the $5.38 mark.
Rose Price Recovery Eyeing a 60% Surge
The Oasis token price entered into a recovery trend from mid-October, when the price rebounded from $0.0396 to a recent high of $0.0892, registering a growth of 124%. A look at the weekly time frame chart shows this massive parabolic growth assisted in the development of a bullish reversal pattern called Double Bottom.
By the press time, the ROSE price trades at $0.084 and is poised to break above the $0.0857 neckline resistance of the bullish pattern. A potential breakout would give a better signal of trend change, offering buyers suitable support to prolong this recovery. The post-breakout rally would surge the coin price 60% higher to hit a high of $0.138.
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