Key Takeaways
- The BNB price has created a double-bottom pattern.
- Litecoin (LTC) has reached the top of its horizontal range
- Maker (MKR) attempts to break out from its resistance.
- Interested in buying or selling BINANCE BNB coin? Read our review of the best exchanges to buy and sell BINANCE BNB.
February was a bearish month for the cryptocurrency market. It had two massive liquidation events, on Feb. 3 and Feb. 24, respectively.
Bitcoin broke down from its long-term range, and altcoins fared even worse, as evidenced by the decline in the Bitcoin Dominance Rate (BTCD).
Nevertheless, some altcoins maintained a positive trend against Bitcoin. Below, we will analyze three altcoins with bullish formations against Bitcoin (BTC) that can lead to outperformance in March.
BNB Creates Bullish Pattern
The BNB price broke out from a long-term descending resistance trend line in December 2023, culminating with a high of ₿0.0101.
However, the price has fallen in the seven months since the high, reaching a low of ₿0.0055 in February 2025.
The BNB price bounced (green icon), the same week, reclaiming the ₿0.0065 horizontal support area and invalidating the previous breakdown.
The BNB price has created a double bottom pattern inside this support area, which is combined with a bullish divergence (orange) in the Relative Strength Index (RSI).
A bullish divergence in the weekly time frame is rare and often leads to bullish trend reversals.
A breakout from the descending resistance trend line will confirm the double-bottom pattern. If that happens, the BNB price could retest the ₿0.0095 range high and possibly break out.
The wave count aligns with this reading, pointing to an A-B-C structure (green). Giving wave C the same length as wave A leads to a high of ₿0.0110.
LTC Price Breaks Out
The weekly time frame LTC/BTC chart shows that the price has fallen under a descending resistance trend line since November 2022. The decrease resulted in a low of ₿0.000818 in November 2024.
The Litecoin price broke out after 721 days in an upward movement catalyzed by long-term bullish divergences in the RSI and Moving Average Convergence/Divergence (MACD).
Despite the breakout, the Litecoin price has not appreciated considerably, stymied by the ₿0.00145 range high.
So far, LTC has made two unsuccessful breakout attempts (red icons) and is in the process of making the third one.
If Litecoin closes above this resistance, it could increase by 61%, reaching the next resistance at ₿0.0023.
Maker Concludes Bullish Altcoins
The final altcoin that can outperform Bitcoin is MKR. The MKR price broke out from a descending resistance trend line in February 2025, which had existed for nearly a year before the breakout.
Similarly to BNB and LTC, a bullish divergence in the RSI and MACD preceded the breakout, legitimizing it and indicating that the increase will continue.
After the divergences, the RSI increased above 50 while the MACD made a bullish cross, signs boding well for the future trend.
However, the MKR price must still clear the ₿0.0165 horizontal resistance area to confirm the bullish trend reversal.
If it does, the MKR price could increase another 62% and reach the ₿0.032 resistance area.
Altcoins Bullish vs Bitcoin
BNB, LTC, and MKR are three altcoins with bullish formations that can outperform Bitcoin in March.
BNB has the most positive outlook since it has already reclaimed its main resistance area, while LTC and MKR still need to break out above their respective resistances.
BNB Price Bounces Back, Targeting $700 Amid Rising Market Volatility
