Top 5 Altcoins to Watch in November 2022: BNB, DOGE, MATIC, LUNC, and APT

Binance Coin (BNB)

Binance Coin (BNB) is currently trading at $313.86, reflecting a 3.81% increase over the past 24 hours. Its price has strengthened against Bitcoin (BTC) and Ethereum (ETH), rising by 2.86% and 0.67%, respectively. The bullish crossover of the 9 and 20 EMA lines on the daily chart signals further upward momentum, with the RSI also indicating bullish sentiment.

Dogecoin (DOGE)

Dogecoin (DOGE) has surged by an impressive 46.39% in the last 24 hours, reaching $0.132. This rally follows Elon Musk's completion of his Twitter acquisition. However, investors should be cautious of a potential retracement as profit-taking becomes more likely in the current bear market.

Polygon (MATIC)

Polygon (MATIC) is trading at $0.9359, down slightly over the past 24 hours. Despite this, the positioning of the 9 and 20 EMA lines suggests an impending recovery and another bullish move. MATIC may dip to the 9 EMA line before resuming its upward trajectory.

Luna Classic (LUNC)

Luna Classic (LUNC) is currently priced at $0.0002362, having dropped 3.63% in the last 24 hours. LUNC is trading within a parallel price channel, with the first resistance level at $0.00027183. If this level is breached, LUNC could target the upper bound of the channel.

Aptos (APT)

Aptos (APT) is trading at $7.85, down 4.48% over the past 24 hours. Since listing on Binance, APT's price has declined, but its relatively flat movement may present a buying opportunity for risk-averse investors, potentially leading to a price spike.

These altcoins show varying degrees of potential, with BNB and DOGE leading the charge. Investors should remain vigilant, as market conditions can shift rapidly. Always conduct thorough research before making any investment decisions.