- BNB, DOGE, MATIC, LUNC and APT are the top 5 altcoins to watch in November.
- Binance Coin’s price is positioned above the daily 9 and 20 EMA lines.
- APT’s price activity could pose as buy opportunity after listing on Binance.
A top 5 altcoins to watch for November 2022 are Binance Coin (BNB), Dogecoin (DOGE), Polygon (MATIC), Luna Classic (LUNC) and Aptos (APT).
1. Binance érme (BNB)
Binance Coin (BNB) is trading at $313.86 after gaining 3.81% over the last 24 hours according to CoinMarketCap. Its price has also strengthened against the two crypto market leaders, Bitcoin (BTC) és Ethereum (ETH), 2.86%-kal, illetve 0.67%-kal.
The 9 and 20 EMA lines crossed bullishly through the course of the last week. This cross ignited a bullish pump that say A BNB ára comfortably break above the two EMA lines. Bullish flags that suggest that BNB’s price will continue to rise are the 9 EMA breaking away above the 20 EMA line and the RSI line breaking away above the RSI SMA line.
2. Dogecoin (DOGE)
A DOGE ára has risen an astounding 46.39% over the last 24 hours – taking its price to $0.132.
DOGE’s price has increased parabolically following the news this week that Elon Musk’s acquisition of Twitter was completed. Investors need to brace for a potential retracement which can already be seen on DOGE’s daily chart as investors will look to cash out the profit opportunity in this current bear market.
3. Sokszög (MATIC)
A MATIC ára has dropped slightly over the last 24 hours to now trade at $0.9359. It has also weakened against the two crypto market leaders, BTC and ETH, by 0.97% and 2.90% respectively.
The relative position of the daily 9 and 20 EMA lines on MATIC’s daily chart suggest that MATIC’s price will soon recover to enter into a bullish move again. MATIC’s will likely look to drop to as low as the 9 EMA line for a brief break from its bullish move, before entering into another bullish move upwards.
4. Luna Classic (LUNC)
LUNC ára stands at $0.0002362 following a 3.63% drop in price over the last 24 hours.
LUNC’s price is currently trading in a parallel price channel between $0.00038098 and $0.00022905. The first resistance level that LUNC will have to challenge is $0.00027183. Thereafter LUNC’s price will target the upper bound of the aforementioned price channel.
5. Aptos (APT)
APT is trading at $7.85 after dropping 4.48% over the last 24 hours.
A price of APT has been in a decline ever since the altcoin listed on Binance. The relatively flat price movement of APT may be seen as a buy opportunity for risk-averse investors and traders, which will ultimately result in APT’s price spiking.
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