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Several promising altcoins are nearing major price moves after testing crucial resistance zones. Ethereum, Binance Coin, and Tron are showing signs of potential breakouts. Each cryptocurrency is at a turning point where the next move could confirm a new trend.
Ethereum (ETH) has been holding strong since its November rally, with only minor pullbacks. After retesting $4,000 earlier this month, the price dropped to $3,500. Support formed around $3,585, and renewed demand is pushing the price upward again. Ethereum is now retesting $4,000, a critical resistance level. Daily closes above $4,000 could lead to a significant rally toward $4,470 or even $5,100.
Binance Coin (BNB) has been trading in a tight range, signaling potential for a major move soon. The price has struggled to break through the $300 mark, but if it can hold support around this level, we may see a surge higher. Binance Coin is likely to continue its upward momentum unless there’s a significant shift in sentiment or a lack of demand above $290.
Tron (TRX) has been gaining attention lately, with its price increasing by over 30% in the past week alone. With this level of growth, it’s not surprising that the cryptocurrency is now retesting its critical resistance levels around $0.12. If Tron can break through these levels and sustain a higher low, we may see a continuation of the upward trend.
These three altcoins are at crucial points, where their next move could confirm or invalidate a new trend. Therefore, it’s essential to keep an eye on these levels for potential breakout opportunities.
Source: cryptonewsland.com
