Summary
TLDR: Solana, Dogecoin, and The Graph are showing bullish formations against Bitcoin and could outperform it in March 2024. SOL is expected to increase by 100%, DOGE by 35%, and GRT by 90% if they confirm their breakouts. However, failure to break out could lead to significant drops in their prices.
Key Points
1. Solana (SOL) has exhibited a bullish formation against Bitcoin (BTC) and could potentially outperform it in March 2024. The wave count suggests that SOL is on the verge of starting wave four, which could lead to a 100% increase to the next resistance at ₿0.0040.
2. Dogecoin (DOGE) has formed a bullish divergence against Bitcoin (BTC), signaling a potential trend reversal. The RSI indicator showed a bullish divergence preceding a bounce in the DOGE price. If the breakout from the descending resistance trend line holds, DOGE could increase by 35% to the next resistance at 270 satoshis.
3. The Graph (GRT) appears to have broken out from a descending resistance trend line, indicating a potential uptrend against Bitcoin (BTC). The breakout above the 450 satoshi resistance area was accompanied by an RSI increase above 50, legitimizing the upward movement. GRT could potentially increase by another 90% to reach the next resistance at 900 satoshis.