March turned out to be an exceptional month for the cryptocurrency market, with investors witnessing the price of Bitcoin (BTC) hit an all-time high before the halving for the first time.
We are talking about four altcoins that can follow the example of the main cryptocurrency and set new records.
SUI is preparing for a breakthrough
The Sui blockchain's native token is the closest to hitting its all-time high. Over the past 48 hours, the price of the asset has increased by 21%, coming very close to the previous peak of $2.10.
The relative strength index (RSI) is also in the bullish zone. This suggests that the altcoin is not yet overbought and could set a new record by early April.
Aptos (APT) continues its rally
APT is less than 12.5% away from reaching the previous all-time high of $20.40 set in January 2023.
Moving Average Divergence (MACD) is signaling growth, showing an uptrend with a bullish crossover.
BNB is ready to start recovering
BNB is currently trading around 18% below its all-time high of $691. To set a new record, the asset price must close above $600.
Although the MACD and RSI are currently declining, they do not indicate bearish trends. As long as BNB remains above the 50-day exponential moving average (EMA), the coin will have a chance to recover, which will most likely occur in April.
Arbitrum (ARB) will need a push
Unlike other altcoins on this list, Arbitrum reached an all-time high in January 2024. However, since then the price of the asset has corrected significantly, and is more than 40% away from the peak.
To get to the $2 level, ARB needs to consolidate above the 50 and 100 day EMAs. This support level will provide the necessary impetus for further growth towards $2.40. The MACD indicator, meanwhile, indicates an approaching bullish crossover, indicating an imminent resumption of the uptrend.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.