Bitcoin Can Crash 35% after Halving – Altcoins Opportunity of a Lifetime?

By CoinPedia News
about 1 month ago
RNDR BTC TON GROW GAINS

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Bitcoin’s post-halving performance often shakes the market, with the potential for a significant drop in its value. As attention focuses on this major coin, lesser-known cryptocurrencies could present a golden chance for investors. The impending bull run of 2024 sets the stage for these alternative coins to shine. This article delves into the possibilities that may arise if Bitcoin’s value plummets, exploring how this scenario could mark a pivotal moment for alternative cryptocurrencies, potentially leading to lucrative opportunities.

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Solana has seen significant volatility, currently trading between $118.70 and $184.63. Over one week, SOL’s value dropped nearly 20%. Monthly figures show a 31.65% price decrease. However, looking back six months reveals an impressive surge of 452.89%. SOL’s movements are mixed, with shorter time frames indicating corrective moves and the longer trend showing an impulsive climb with current sentiment hovering near a balanced point.

Predicting Solana’s path, the coin may approach the resistance at $217.68 if bullish trends continue. On the downside, a fall could see SOL test the support at $85.82. Both short-term moving averages hover around $140, suggesting potential stabilization. While SOL has grown massively over six months, investors should weigh recent declines and moderate market indicators like RSI at 51.56 and Stochastic at 69.88 in their expectations for future price action.

Toncoin Gains Momentum: A Closer Look at Recent Price Movements

Toncoin has seen a mix of movements, currently trading between $5.29 and $7.98. Over the last week, the coin dipped by 4.78%, but the 1 Month Price Change tells a brighter story with a surge of 65.48%. The past six months have been particularly strong, showcasing a 209.17% rise. The price action swings between impulsive bursts and smaller corrective steps.

Looking ahead for Toncoin, there’s potential for growth with its price eyeing the nearest resistance at $9.18. However, a fall could see it testing the $3.81 support. If bullish sentiment continues, we might see it challenge the second resistance level at $11.87. The balanced RSI and Stochastic hint at steady momentum, yet it’s essential to stay aware of market shifts that can influence TON’s trajectory.

Render Price Analysis Mixed with Cautious Optimism Ahead

Render crypto has seen much movement recently with the current price range between $6.70 and $10.90. Over the past week, the price fell by 15.52%, while the monthly figures show a larger drop of 39.61%. However, looking back six months, RNDR has surged impressively, up by 311.25%. The coin’s movement has shown a mix of fast, impulsive moves countered by slower, correcting phases.

Considering Render’s price action, predictions show a cautious yet hopeful outlook. The coin has room to grow with the next resistance at $12.83 and the potential to reach $17.03 if the momentum continues. Conversely, there’s support at $4.42, but a drop below could see prices nearing $0.209. With the market’s nature, RNDR holds potential for both gains and retracements.

Conclusion

While Bitcoin might face a significant drop post-halving, altcoins like SOL, TON, and RNDR might not offer much in short-term potential. Instead, BlastUP stands out as the most promising with its innovative concept and integration within the Blast ecosystem. This positions BlastUP for considerable potential moving forward during the bull run.

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