Altcoins fluctuations have been left for forgetfulness, unaware of possible gains or losses, and they are highly dependent on external factors. These effects can be determined whether the recovery is rampant.
Beincrypto analyzed three main Altcoins for investors to see in the third week of March and the direction they could take.
Solana (Sol)
Solana is currently $ 129, putting himself in a possible rise. On March 17, Chicago Mercantile Exchang (CME) will launch Sol Futures, an important event for Altcoin. Since CME is one of the largest drains in the world, this may lead to significant institutional flows to Solana.
This development can pump the bullish momentum in Seoul, pushing altcoin up. The critical resistance level is $ 161, which requires an increase in the price of 24 %. However, in order for this gathering to be achieved, Sol must first breach resistance levels 135 and 148 dollars, which paves the way for continuous gains.
If Solana fails to penetrate either $ 135 or $ 148, it may be recovered. The decrease without these levels can be returned to $ 126 or less to $ 118. This scenario will nullify the upscale expectations, which delays any possible recovery and exposing altcoin for more negative risks.
MNT cloak
The MNT price increased by 25 % during the past week, as the expectation is based on the upgrade of the next network from the Mantle. On March 19, Mantle Network Mainnet will be subject to a solid fork, stimulating Eigenda and ensuring compatibility with the future Pectra upgrade of Ethereum. This event leads the strong ups of MNT.
In response to the upgrade, the MNT is expected to see other gains, and may reach $ 1.00. Currently trading at $ 0.83, Altcoin needs to breach resistance levels $ 0.87 and $ 0.94 to keep it. A successful outbreak can confirm these levels of the upward trend.
However, failure to exceed $ 0.87 can keep the MNT stuck in monotheism. If Altcoin lost support at $ 0.79, it risk declining to $ 0.71. The decrease to this level would nullify the ups and change the market morale towards a declining direction.
BNB
Another altcoin to see in March, the BNB price increased by 19.5 % this week, reaching $ 635 at the time of this report. Altcoin succeeded in banning the main resistance block between $ 587 and $ 619. With the upcoming Momentum Building, BNB appears to be ready to make other gains, provided that the market conditions remain favorable in the coming days.
One of the main stimuli is the upcoming PASCAL Hard fork on March 20. The upgrade will provide EIP-7702 smart contract, and the improved virtual machine is compatible, and improving the elasticity of the developer. These improvements can pay investor confidence, pushing BNB above $ 647 and possibly a sign of $ 686.
However, if the expected gathering fails to get traction, BNB can decline to $ 619. The loss of this support level may lead to a further decrease, which leads to sending altcoin again through the resistance block and possibly testing the support level of $ 550, which will nullify the upcoming expectations.
Disintegration
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