November bullish footsteps approaching? Analysts are most optimistic about 'these 3 coins': expected to outperform BTC

November bullish footsteps approaching?

As October comes to a close, BTC ($BTC) finally broke through the $70,000 mark this morning and rose above $71,000, ready to challenge the historical high set earlier this year.

According to CoinGecko's data, the price of BTC ($BTC) is $71,277 at the time of writing, which has risen by 8.3% in the past month, only 3.3% away from the historical high of $73,737.

Image source: CoinGecko 3 kinds of November bullish AltCoins

Looking back at the entire October, although BTC ($BTC) still outperformed the altcoin market for most of the time, we can see that the market's expectations for altcoins remain unabated.

As investors' attention gradually shifts to November, analysts point out that three altcoins have performed well and are expected to outperform BTC in terms of price increase in November.

ApeCoin ($APE): Challenge $1.19

ApeCoin ($APE) is one of the altcoins that performed well in October. In mid-October, with the launch of ApeChain (a new third-layer blockchain), the price of $APE continued to rise, and in the past 30 days, the price has undergone a big pump, rising 27%.

Analysts pointed out that from the daily chart, after the online news of ApeChain was released, the price of $APE once rose to $1.58, followed by a 33% pullback correction, and is currently hovering around the edge of $1.

Image source: TradingView 3 bullish AltCoins in November

The 20-day moving average (EMA) of the index shows that the support level of $APE is around 0.87. If this level holds, $APE in November is expected to challenge $1.19 again. However, if long positions cannot hold the $0.87 support level, it may cause ApeCoin to decline to $0.71.

Dogecoin ($ DOGE): Challenge $0.18

Dogecoin (DOGE), commonly known as DOGE, is also a focus coin followed by analysts. DOGE has risen nearly 30% this month, and a tweet from Elon Musk, CEO of TSL, yesterday once again pushed DOGE up by 14%.

Analysts pointed out that the price chart of $DOGE has formed a so-called "bullish flag pattern", in which the price of the coin will consolidate in parallel after a strong upward trend, gradually forming a range trend similar to a flag shape. Once it breaks through the upper boundary of the flag, it may usher in a larger increase.

Image source: TradingView 3 bullish AltCoins in November

According to analysts' predictions, if $DOGE can hold above $0.15 in November, it may challenge $0.18; however, if the price falls below $0.13, it may enter a pullback phase.

Solana（$SOL）: golden cross implies a pump

Finally, the biggest competitor of Ethereum is Solana ($SOL), since October 18th, the price of $SOL has risen by 16%, showing strong performance.

From the technical chart of $SOL/$BTC, the 20-day exponential moving average (EMA) has surpassed the 50 EMA, forming a strong bullish 'golden cross' pattern. The appearance of a golden cross usually signifies the beginning of a long-term uptrend.

Image source: TradingView 3 bullish AltCoins in November

Analysts point out that the current ratio of $SOL/$BTC is 0.0026. If the trend continues, it is expected to rise to 0.0028 in November; however, if the golden cross fails, Solana's performance may lag behind BTC.

Despite BTC remaining the core of the market, ApeCoin ($APE), Dogecoin ($DOGE), and Solana ($SOL) are expected to be the most bullish AltCoins in November, given the favorable price trends. However, the AltCoin market is volatile, so investors still need to operate with caution and constantly monitor market news and changes in technical indicators to effectively mitigate risks.

[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Invest at your own risk.