Forget DOGE and LUNC, here are 3 altcoins that will rise in November

While the cryptocurrency failed to deliver the expected results in October, hopes are continuing into November. The analyst drew attention to 3 altcoins that could gain momentum in November.

Filecoin (FIL): November Lotus Summit

Filecoin (FIL) is one of the altcoins to watch in November, according to prominent analyst Ali Martinez. Filecoin price has broken below the descending resistance line since August 1. The price fell to $4.73 on October 13. The daily RSI has been forming a bullish trend (green line) since early September. Filecoin price broke out of the risk zone on October 22. It has been increasing since then. If FIL continues in this direction, it could break the major resistance and reach $6.50. Filecoin will reveal its curiosity about the Lotus project and the team behind it at the Lotus Summit on November 2nd. This development could lead to another rise in FIL prices. Therefore, if Filecoin price manages to surpass $6.50, it could rally towards $1120. FIL is currently trading at $5.61. A break below $4.73 could reduce the chances of a rebound.

The second altcoin on the analyst’s list is Chiliz (CHZ). CHZ is currently trading at $0.20 with a market cap of $1.21 billion. CHZ ranked 44th. Chiliz is one of the projects to watch in November. CHZ has been rising since forming a rising wedge pattern on October 13, consolidating the $0.16 support area in the process. This level is both the 0.618 Fib Retracement support and the horizontal support area. Chiliz price broke above the descending resistance line and has traded as high as $0.21 so far. It could pose a risk if the RSI does not break above the bearish trend line (green) and is below 50 during this period. The completion of the correction will be confirmed if the daily RSI breaks the bearish trend line and finds support above 50. According to analysts, CHZ will likely continue to gain momentum in November due to ecosystem development and partnerships.

Quant (QNT) can see these levels

Another altcoin on the analyst’s list is Quant (QNT). The altcoin is currently trading at $162.30 with a market cap of $2.09 billion. QNT ranks 32nd. On October 15, QNT price broke out of an ascending parallel channel and reached a high of $228 two days later. Then it lost momentum. According to analysts, if QNT manages to hold $160, it has the potential to rise to $230.

QNT is seen as one of the projects that could reach new heights in the upcoming bull run. If it breaks below $160, QNT could fall to $133 due to selling pressure. According to experts, the Fed needs to exit the rally to return Bitcoin and altcoins to their former glory.

Source of information: Compiled from COIN-TURK by 0x information.The copyright belongs to the author Serkan Aydın and may not be reproduced without permission

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