Bitcoin rose for the sixth day in a row on Thursday, reaching over $62,000 for the first time since November 2021, boosted by flows into new US spot bitcoin exchange-traded funds and ahead of the next halving in April.
The Total crypto market cap has surpassed $2.3 trillion as a result of recent rises made by Ethereum (ETH), Cardano (ADA), Solana (SOL), and Dogecoin (DOGE). However, with a significant Altcoin season on the horizon, based on technical and fundamental analysis, below are the best bet Altcoins for massive gains in the short term.
Top Best Bet Altcoins
AVAX (Avalanche): AVAX has shown upward momentum, currently trading around $17.60. The recent surge suggests bullish sentiment, with the next potential target at approximately $17.90. Traders should consider waiting for a potential retracement to around $17.00 before considering entry.
MATIC (Polygon): MATIC is currently hovering around $14.75, with a key resistance level at $14.90. While indicators suggest favorable conditions, the recent rejection near $16.00 warrants a cautious approach.
GRT (The Graph): The Graph is trading at approximately 30.8 cents, with resistance levels at 30.8 cents and 31.6 cents. While price action has been positive, a bearish divergence on the daily chart suggests a degree of caution.
DOT (Polkadot): DOT has recently broken resistance and is trading around $8.76, with a target of $9.67. Despite bullish indicators, traders should exercise caution due to potential overextension. Consider waiting for a retracement to around $7.91.
LDO (Lido): LDO is profitable, trading around $3.62. However, traders should note a bearish divergence on the daily chart, indicating potential downside risk. A critical support level to monitor is around $3.47.
TIA (Celestia): TIA has broken out above $17.61, with potential upside targets around $22.80. While indicators suggest bullish momentum, caution is advised due to potential overextension.
