From 2020 to 2021, there was a bull market in the cryptocurrency market, during which both mainstream coins and altcoins soared. In the bull market of 2023-2024, only Bitcoin and Ethereum led the way, while altcoins showed some upward momentum, but far less than before. However, Mr. Jin believes that in 2024, altcoins still have the potential to regain their former glory and even shine brighter. Recent analysis indicates that after the next halving event, the price of Bitcoin will rise significantly. This kind of significant increase reflects the common optimism in the cryptocurrency field. In this wave, new altcoins continue to emerge, occupying a place in the dynamic digital currency field with the potential for huge returns, offering opportunities for savvy cryptocurrency investors.

For altcoins, the former three giants SOL, FIL, and DOT have made a strong comeback, while the other two have been forgotten by the market, but this does not affect their peak moments. "The river flows east for thirty years, and west for thirty years." Looking down on them now does not mean they will be looked down upon in the future. At that time, it will be difficult for you to afford them. Currently, for the entire altcoin market, FIL and DOT still have the potential for upward movement. If the bull market trend blows towards the altcoin market, FIL and DOT will also rise with the trend.

DOT Market Analysis: The trend is similar to Ethereum, with consecutive positive trends pressuring the BOLL midline. The current key resistance is around $10.05. If it breaks through strongly and holds, there is still a lot of room for further upward movement. Otherwise, it is expected to continue to adjust. Focus on the support around $9.4 where MA5 and MA10 intersect. Maintain a low long position in trading. (FIL can also refer to DOT's trend, focusing on the $10 resistance and $8.8 support below)

SOL Market Analysis: SOL's trend is similar to Bitcoin, with consecutive positive trends breaking through the BOLL midline and maintaining an upward channel. Although SOL has not reached a historical high, it is still in a bull market. Focus on the resistance around $210 and the support around $185. It is recommended to maintain a low long position in trading. For altcoins, it is generally not recommended to trade contracts. For contracts, mainstream coins can be considered, while spot trading can consider popular altcoins, especially those with active trading volume, and can be positioned for the medium to long term.

Adhering to the trading philosophy of "simplicity, following the trend, avoiding greed and distraction, and executing steadily" is the path to wealth. Focus on Bitcoin, Ethereum, and other spot contracts for many years, using the lessons learned from the "blood" of many retail investors to guide your progress. Follow Yuhui and don't get lost. Yuhui will help you create wealth!

This article is from the author Jin Yuhui (WeChat public account: Financial Retail Investors Alliance). Please indicate the source when reposting, respect personal opinions, and do not plagiarize. The market conditions are changeable, and the article has timeliness and lag. This article does not provide any express or implied guarantee of the accuracy, reliability, or completeness of the content contained. Readers should strictly use it for reference, strictly control their positions, and bear all responsibilities on their own. Finally, I wish everyone a happy investment and a happy day!

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