A massive market correction has paved the way for what could be the most monumental bull run in recent memory. Altcoin season is anticipated to start any day now, with digital currencies still resting at their lows. The overall market situation appears calm, resembling the quiet before a major storm. Altcoins are poised for a potential rebound, with some experts predicting growth as high as 300%. Investor excitement is building as the crypto community watches closely for which coins will lead the charge. This article dives deep into the coins set to skyrocket, offering insights that could guide the next big investment decisions.
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Solana (SOL) Eyes Big Gains as Bulls Show Strength
Solana’s price currently ranges between $120.65 and $144.15, showing some volatility but signs of a potential breakout. With its nearest resistance level at $159.67, the bulls seem poised to make a move. If SOL can breach this point, it may shoot up to $183.17, representing an increase of over 25%. The coin has shown a solid six-month growth of 34.11%, despite a recent dip. The 10-day and 100-day moving averages are close, indicating steady support. The Relative Strength Index (RSI) is neutral, but overall trends hint that SOL could soon ride the next wave of altcoin season gains.
zkSync on the Verge of a Breakout: Bulls Eye a Potential 115% Surge
zkSync (ZK) currently trades between $0.0769 and $0.2769, showing mixed signals from both bulls and bears. Despite a 24.57% drop over the past week, the coin has seen an impressive 74.84% increase over the past month. The nearest resistance stands at $0.3860. If bulls overpower bears, the price could jump to the second resistance level of $0.5860, marking a potential surge of around 115%. The Relative Strength Index (RSI) of 44.75 and a Stochastic of 24.90 suggest it has room to rise, while its Simple Moving Averages hint at consolidation before a bigger move.
Starknet (STRK) Poised for a Breakout After Sharp Price Decline
Starknet (STRK) has been trading between $0.60 and $0.87, with the current price showing signs of weakness after a significant 43.68% drop over the past month. Despite this downturn, the coin boasts a 251.29% price rise over the last six months. If the bulls regain their strength, STRK could aim for the nearest resistance at $1.04, a potential increase of around 40% from its current range. If momentum builds further, the next target is $1.31, translating to a near double from the lower end of the present range. With current indicators showing mixed signals, a breakout past the resistance levels could signal the start of a new altcoin season.
LayerZero (ZRO): Bulls Could Pave the Way for a Massive Surge
LayerZero (ZRO) is primed for a breakout. Currently priced between $0.67 and $5.29, ZRO has soared by nearly 167% over the past week, month, and six months. The price is flirting with a resistance level at $7.76. If it breaks through, the next target is $12.38, which could mean around a 134% increase from the upper current price. Though the RSI at about 40 suggests it’s not overbought yet, the low Stochastic at 16 indicates it’s poised to rise further. While the Moving Averages are close, the stage seems set for bulls to take over, potentially pushing ZRO to new heights.
Conclusion
SOL, ZK, STRK, and ZRO seem to have less potential for short-term gains. However, CYBRO, the Next Gen DeFi, stands out as a promising opportunity. Its first release is set for Q2 2024, presenting a unique entry point for early investors. Joining the CYBRO token presale offers favorable terms, making it an attractive prospect in the current market landscape.
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