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Analysts highlight 3 little-known tokens that will grow in March

11:33 am, March 4, 2024

In recent weeks, bitcoin and many popular altcoins have shown impressive growth. However, some lesser-known coins have also formed bullish patterns that could potentially pave the way for significant profits. Cryptocurrency analysts have identified 3 altcoins that could grow significantly in March.

ANKR (ANKR)
The value of the digital asset ANKR has been under a downward trend line since May 2022. The asset tried to break above it three times and each time formed long upper wicks, which are considered a sign of seller pressure.

However, in February 2024, ANKR began an upward movement and consolidated above the 644-day resistance. The weekly Relative Strength Index (RSI) has risen above 50. If the success continues, ANKR could rise another 30% and reach the resistance at $ 0.050.

Raydium (RAY)

The RAY cryptocurrency has been growing since October 2023. The upward movement led to a high of $ 1.99 in December, after which the price began to correct. Despite the decline, RAY bounced off the $ 1 horizontal support area last week and broke above the short-term resistance line.

The Relative Strength Index is still above 50 and seems to have regained its footing this week. If RAY successfully closes the week above the downside resistance, it could rise 200% to the next resistance at $ 3.70.

MASK Network (MASK)

The MASK token has been under downward resistance since August 2021. However, it started an upward movement in early 2024 and broke through the trend line last week.

If the bullish momentum continues, the price of the altcoin could rise by another 50% and reach the next resistance at $ 7. Despite the bullish outlook, a failure to sustain the gains could trigger a 23% drop to the downside resistance line at $ 3.60.

In late February, a trader known as Cyclop identified cryptocurrencies that have the potential for 100-fold growth. According to the expert, their value will be affected by the upcoming Ethereum Dencun update scheduled for March 13.

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