The post Top Altcoins To Watch Next Week: Bonk (BONK), Terra Luna Classic (LUNC) And Cardano (ADA) Might Record More Gains appeared first on Coinpedia Fintech News
As 2023 comes to an end, Bitcoin maintains its strength above the $44,000 mark, setting the sentiment for a positive end to the year. This bullish trend is influencing the altcoin sector, where several altcoins have broken their monthly resistances. Additionally, meme coins have experienced a solid surge in recent days. Notably, coins like Bonk, Terra Luna Classic, and Cardano have surpassed key resistance levels, indicating potential for a trend continuation.
Altcoin Market Cap Breaks Above Accumulation Zone
A technical analysis on the altcoin market cap shows a significant breakout from an accumulation range, dating back to 2022. The analysis indicated that altcoins, which had a market capitalization of $723 billion in the chart, are currently in a “retest” phase.
This phase, if it follows the pattern of the last c
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