"Crypto's February Slump: Four Altcoins Poised for March Rebound"

The crypto market has been experiencing a bearish trend throughout February, with Bitcoin falling below $80,000. Despite the recent market decline, investor optimism remains high, with many anticipating a market turnaround in March. BeInCrypto has analyzed four altcoins that, while not close to forming new all-time highs, show potential for the same before the end of the next month.

MANTRA (OM) has been experiencing a consistent uptrend over the past couple of weeks, currently trading at $7.32. Despite the recent market decline, OM has shown resilience, maintaining its position above key levels. Investors remain hopeful that the altcoin could continue this upward trajectory if market conditions improve. OM is one of the few altcoins that is nearing its all-time high (ATH) of $9.17, achieved just last week. To reach this level again, the altcoin would need a 25% surge. Given its recent performance, OM has the potential to break through and form a new ATH if momentum builds. However, OM must hold the support level at $7.20 to avoid further decline. If the price drops below this threshold, it could fall to the $6.17 support level. A failure to stay above $7.20 could invalidate the bullish outlook and extend the downtrend for OM.

Gate (GT) performed exceptionally in January, marking an all-time high (ATH) of $25.96. However, since then, its trajectory has been facing a downward trend. Despite this, investors remain optimistic as the altcoin could still rally to break its previous high. Currently trading at $20.05, GT needs a near 30% rally to reach the ATH of $25.96 again. The key barrier for this rally lies at $23.18. Successfully breaching and flipping this resistance into support could pave the way for a strong rally and a new ATH, signaling further bullish potential. If the bearish trend continues, GT price risks falling below the support level of $19.89. This would invalidate the bullish outlook and push the altcoin towards the next support at $18.12 or potentially lower. This further downside would suggest that GT may face extended losses if market sentiment remains negative.

Sonic (S) – Previously Fantom