HIGHLIGHTS:
- In the month of November, it’s important to keep an eye on BNB, DOGE, MATIC, LUNC, and APT.
- The daily 9 and 20 EMA lines for Binance Coin are above the current price.
- With APT now listed on Binance, any price fluctuations may present a good buying opportunity.
Binance Coin (BNB), Dogecoin (DOGE), Polygon (MATIC), Luna Classic (LUNC), and Aptos (APT) are the top 5 altcoins to keep an eye on in the month of November 2022.
1. Binance Coin (BNB)
According to CoinMarketCap, the price of one Binance Coin (BNB) has increased by 3.81% in the last 24 hours, from $298.86 to $313.86. Its value has increased in relation to Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies on the market, by 2.86% and 0.67%, respectively.
Daily chart of BNB/USD Reference: CoinMarketCap.com
In the last week, a bullish crossover occurred between the 9 and 20 moving average lines. The price of BNB was able to comfortably break above the two EMA lines after this cross sparked a bullish pump. The 9 Exponential Moving Average (EMA) has broken above the 20 EMA (and above the RSI’s SMA), which is a bullish sign for BNB’s price.
2. Dogecoin (DOGE)
Over the past day, the price of DOGE has skyrocketed by 46.39 percent, to $0.132.
Daily graph of the USD/DOG Reference: CoinMarketCap.com
The completion of Elon Musk’s acquisition of Twitter this week has caused DOGE’s price to skyrocket. The daily chart for DOGE shows that investors are beginning to cash out their profits from the current bear market, so they should be prepared for a possible retracement.
3. Polygon (MATIC)
The price of MATIC has fallen by a nickel in the last day, and it is now selling for $0.9359. It has lost 0.97 percent of its value against Bitcoin and 2.90 percent of its value against Ethereum, the two most popular cryptocurrencies.
The Daily Chart of the MATIC/USD Exchange Rate Reference: CoinMarketCap.com
On MATIC’s daily chart, the 9 and 20 EMA lines are positioned so that they indicate a possible bullish reversal in price. MATICS is likely to retrace to the 9 EMA line for a short rest from its bullish move before beginning another upward bullish movement.
4. Luna Classic (LUNC)
The current price of LUNC can be seen to be $0.0002362 after a loss of 3.63 percent over the past 24 hours.
Daily Chart of the LUNC/USD Currency Pair Reference: CoinMarketCap.com
The current LUNC price ranges from $0.00038098 to $0.00022905, which forms a parallel price channel. LUNC will first be tested by the $0.00027183 resistance level. The price of LUNC will then rise until it reaches the upper limit of the trading range just described.
5. Aptos (APT)
Today, APT is selling for $7.85, down 4.48% from yesterday’s close.
Daily chart of APT/USD Reference: CoinMarketCap.com
Since APT became an exchangeable altcoin, its value has been steadily decreasing. The lack of volatility in APT’s price may be seen as a buying opportunity by risk-averse investors and traders, leading to a sharp increase in the cryptocurrency’s value.
All information in this price analysis, including all views and opinions expressed, is published in good faith. Research and due diligence are the responsibility of the reader. If the reader decides to act upon this information, they do so at their own risk. Without limiting the generality of the foregoing, Coin Edition and its subsidiaries shall have no liability for any loss or injury, whether foreseeable or not.
Coin Edition is the first to publish Top 5 Altcoins That Are Set to Explode in November 2022.
Disclaimer: This opinion is not meant to be taken as financial guidance and is presented merely for educational purposes. Crypted Crypto cannot guarantee that it accurately represents the views of the publication. You should always do your own research before making any financial decisions, as every investment and every trade carries some degree of risk. If you cannot afford to lose the money you invest, then you should not invest it.
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