The altcoin market is experiencing a resurgence, with several coins that struggled during the bear market now on the verge of significant price movements. After XRP and Cardano (ADA) successfully surged past the $1 mark, many are speculating which altcoins will follow suit. With Bitcoin’s price growth slowing, other cryptocurrencies are gaining momentum, attracting attention from pro traders.

Polygon (MATIC)

Polygon (MATIC) is showing strong bullish signals, especially in its monthly chart. The Ichimoku Cloud indicators are about to complete a bullish crossover, which could trigger a significant rally. Furthermore, the monthly Relative Strength Index (RSI) is trending upwards and may soon reach the upper threshold of its parabolic curve. As the price approaches the resistance at $0.75, it is expected to break through and surge toward $1 before the year ends. The momentum behind Polygon suggests that a 40% rally could be on the horizon.

The Sandbox (SAND)

The price of The Sandbox (SAND) has been gaining strength after breaking out of a multi-year descending pattern, signaling potential for continued upward movement. The token is now in an accumulation phase, with buying volume slightly decreasing while sellers struggle to push the price lower. The current resistance zone between $0.79 and $0.88 is holding, but it is expected that once the bullish divergence triggers, the price will break past this range, moving toward $1. This token’s sustained strength suggests that it is preparing for the next bullish wave.

Decentraland (MANA)

Decentraland (MANA) is at a crucial resistance level between $0.74 and $0.81, which coincides with the 200-day moving average. This level also aligns with the neckline of the Adam and Eve chart pattern, which indicates a potential V-shaped recovery followed by a parabolic curve. While RSI is approaching overbought territory, suggesting a possible pullback, the price is primed to surpass $1. The pattern suggests a healthy rise toward higher targets, despite potential short-term pullbacks.

Algorand (ALGO)

Algorand (ALGO) has recently reached levels not seen since November 2022, with an increase in buying volume signaling a potential for further growth. Although the RSI has entered overbought territory, it shows no signs of significant deviation. With resistance levels at $0.66, ALGO could face some bearish pressure but is still on track to reach $1. If the price retraces to the support zone between $0.39 and $0.45, a strong rebound could push the price higher, continuing its upward trajectory.

Other Altcoins on the Verge of $1

Apart from the above-mentioned tokens, Mantle (MNT) and Ethena (ENA) are also approaching the $1 milestone. However, these coins are facing some bearish pressure that may delay their movements. Once the market sentiment shifts, both MNT and ENA could follow the same path as the other altcoins, making them one to watch in the coming weeks.

Conclusion

The market’s focus is shifting toward altcoins, with several tokens showing promising signs of growth. Polygon, The Sandbox, Decentraland, and Algorand are all positioned to potentially hit $1 this month, signaling that the altcoin market is far from over. Although some coins are facing resistance, strong market momentum and technical indicators suggest that these altcoins are gearing up for a significant price rally in the near future.