Altcoins are Exploding- Here are the Top Potential Tokens for January 2023

After reaching the local highs, Bitcoin price was believed to fall prey to the bears who may drag the price below $20,000. However, the price held the pivotal support which was a crucial resistance then at $20,800, and bounced back above $21,000 at the moment. With the growing strength within the markets, some of the altcoins are believed to resume a notable upswing in the coming days. 

Meanwhile, some of the altcoins appear o have geared up to manifest one of the massive bull rallies during Q1 2023. 

Polygon (MATIC) 

• Polygon price is appearing to be extremely bullish as the price is trading within an ascending triangle and heading towards the upper resistance.

• However, in the meantime, the price may face a minor pullback but may sustain above $1, which may trigger the next leg up.

• With the impending upswing, the MATIC price could break through the resistance and reach the important levels at $0.15 which may further propel the price close to $1.73.

Ripple (XRP)

• XRP price has been maintaining a decent trend ever since the prices dropped due to the market collapse in May 2022.

• With the fresh upswing, the price ranged high to test the crucial resistance at $0.4 but woefully is facing a minor bearish action that is not validated as a rejection.

• However, after experiencing extreme bearish pressure, the price could explode beyond the resistance and head toward the next target at $0.55.

Solana (SOL) 

• After undergoing dreadful days in 2022, Solana was believed to collapse and remain consolidated with a single-digit figure, but the token raised above the FUD. 

• The price has been raising high since the beginning of the year 2023 by forming constant bull flags. 

• Besides, the trading volume has dropped notably due to which the price may consolidate to reach the peak of the triangle and with a significant bullish push, rise high towards the upper target set at $30.

Decentraland (MANA)

• Decentraland was landing in deep waters while the raised Github activity and the cutting-edge collaboration with the Australian Open, a Tennis tournament flipped the rally.

• The price marked a huge upswing of more than 150% since the beginning of 2023 and nearly 80% in the past week.

• The bulls appear to have slightly drained but may regain momentum and reclaim the levels above $1 to hit the crucial resistance at $1.1 soon.

Aptos (APT) 

• Aptos price appeared to have ignited a notable bullish trend after trading flat for the first few days of the year 2023.

• The volume rose significantly that igniting a notable upswing and marked highs above $9 in a short while.

• However, the current price squeeze may drag the price lower towards the support which may trigger a rebound to regain bullish momentum to regain the levels beyond $10 soon.