Editorial StaffThe first altcoins to explode to fresh all-time highs while the overall market is still recovering frequently become the new leading cryptos in the next bull market.
As such, we have been tirelessly scanning for the strongest crypto altcoins that have already rallied all the way back to (or near) their previous all-time highs.
Below are a few annotated charts of altcoins currently leading the market:
1. Quant
Top leadership and massive relative strength.
Showing early and massive relative strength, Quant (QNT) was one of the only cryptocurrencies that rallied to a new high while Bitcoin had only started bouncing off its low three weeks ago. Since then, QNT has been consolidating in a tight, sideways range on lighter volume.
With the 10 and 20-day moving averages now converging to provide support, be on the lookout for a potential move in QNT soon.
2. Solana
Breaking out to a new all-time high, Solana (SOL) blasted through resistance to a new all-time high today, while Bitcoin is still nearly 30% off its high.
3. Terra
Potential breakout to a fresh all-time high. Like SOL, Terra (LUNA) has been showing impressive relative strength and is now testing resistance of its all-time high:
4. Cardano
Breakout to a new all-time high. Cardano (ADA), currently the fourth largest cryptocurrency by market cap, blasted higher last week and is now within striking distance of new highs.
The recent rallies in leading altcoins have been impressive, but please don’t chase big moves due to fear of missing out (FOMO). Instead, be patient and start building your relative strength watchlist of emerging altcoin leadership. Then, look for valid pullbacks or consolidation patterns that provide you with a positive risk/reward ratio for a potential buy entry.
