Main Insights
February proved to be a challenging month for the cryptocurrency landscape, marked by two significant liquidation events on February 3 and February 24.
Bitcoin fell below its long-standing trading range, while altcoins experienced even harsher declines, as evident in the plummet of the Bitcoin Dominance Rate (BTCD).
Despite the overall downturn, a few altcoins exhibited resilience against Bitcoin. In the following analysis, we will explore three altcoins that show promising bullish formations against Bitcoin (BTC), indicating potential outperformance in March.
BNB Forms Bullish Signal
BNB’s price broke above a persistent downward resistance trend line in December 2023, peaking at ₿0.0101.
However, since that peak, the price has declined over the course of seven months, hitting a low of ₿0.0055 in February 2025.
Recently, BNB’s price rebounded (indicated by a green icon), reclaiming the ₿0.0065 horizontal support level and negating the previous breakdown.
This rebound has resulted in a double bottom formation within the support zone, complemented by a bullish divergence (illustrated in orange) on the Relative Strength Index (RSI).
Such bullish divergences on a weekly basis are rare and typically precede trend reversals in an upward direction.
A breakout from the descending resistance trend line will confirm this double bottom pattern. Should that occur, BNB’s price may test the ₿0.0095 range high and possibly break through it.
The wave count supports this analysis, indicating an A-B-C structure (marked in green). Matching the length of wave C with wave A suggests a target of ₿0.0110.
LTC Price Surges
The weekly LTC/BTC chart reveals that the price has been under a downward resistance trend line since November 2022, culminating in a low of ₿0.000818 in November 2024.
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After 721 days, Litecoin’s price broke out, driven by sustained bullish divergences in the RSI and Moving Average Convergence/Divergence (MACD).
Despite the breakout, Litecoin’s price has not seen significant gains, hindered by resistance at the ₿0.00145 range high.
Currently, Litecoin has made two failed breakout attempts (marked by red icons) and is gearing up for a third.
A close above this resistance could lead to a 61% increase, targeting the next resistance level at ₿0.0023.
Maker Rounds Off Bullish Altcoins
The last altcoin that shows potential for outperforming Bitcoin is MKR. The MKR price broke above a descending resistance trend line in February 2025, a line that had persisted for almost a year prior to the breakout.
Much like BNB and LTC, a bullish divergence in both the RSI and MACD preceded the breakout, reinforcing its validity and signaling the continuation of the upward movement.
Following these divergences, the RSI moved above 50, and the MACD executed a bullish crossover, both of which are positive indicators for future momentum.
Nevertheless, the MKR price must also break above the ₿0.0165 horizontal resistance level to confirm a bullish trend reversal.
If successful, the MKR price could rise by an additional 62%, targeting the ₿0.032 resistance zone.
Altcoins Showing Strength Against Bitcoin
BNB, LTC, and MKR represent three altcoins that showcase bullish patterns and may outperform Bitcoin in March.
Of these, BNB holds the most favorable outlook as it has already reclaimed its primary resistance level, while LTC and MKR still need to achieve breakouts above their respective resistances.
Disclaimer:
The information presented in this article is for informational purposes only and should not be taken as financial advice. We make no guarantees concerning the completeness, reliability, or accuracy of the content provided. All investments carry risks, and past performance is not indicative of future results. We recommend consulting with a financial advisor prior to making any investment decisions.
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