Top Cryptos to Buy While Bitcoin Recovers from Recent Market Shock

By TheBitTimes
12 days ago
BLAST ADA BTC BOOST AVAX

The crypto market is experiencing a period of calm, holding its breath as it waits for the next bull run. Bitcoin is in recovery mode following a recent market shake-up, presenting an interesting opportunity. Meanwhile, altcoins are still sitting at low prices, poised for potential growth. This situation creates a fertile ground for investors looking to catch the next wave. Which cryptocurrencies are likely to take off as Bitcoin stabilizes? This article uncovers the top cryptos that could be ready to surge.

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SUI Poised for Breakout Despite Recent Struggles

Sui (SUI) has been trading in a range between $0.53 and $0.79, showing signs of both bullish and bearish trends. But the bulls are gaining momentum. The coin’s current struggle to break past the $0.94 resistance level is setting up a potential breakout. The nearest support at $0.43 offers a safety net for investors. A move past $0.94 could see SUI reaching $1.20, marking a significant rise of over 50%. Metrics like the RSI at around 66 and a MACD of 0.02 point to increasing buying pressure. The 10-day SMA above the 100-day average shows short-term strength. With these indicators, SUI could rally if the market moves in its favor.

Solana's Bullish Momentum: Setting Sights on New Highs

Solana (SOL) has shown resilience despite recent dumps, maintaining a price range between $117 and $150.56. It has room to grow with the potential to break past its nearest resistance at $169.47, aiming even higher to $202.99. Current technical indicators like the RSI at 57.70 and a 10-day SMA at $142.40 suggest bullish conditions. If SOL can surpass these resistance levels, we could see a surge of up to 35% from current prices, marking a significant rise. Solana's 6-month price change also reflects strong recovery potential. The current patterns point to a promising bull run, mirroring the trends seen in 2021.

Cardano (ADA) Shows Strong Bounce Potential Amid Current Price Pressure

Cardano (ADA) is currently trading between $0.30 and $0.41, showing signs of resilience. Despite a recent price dip, ADA is poised for a potential comeback. The nearest resistance level is $0.47, and it has solid support at $0.26. The Relative Strength Index (RSI) at 60.27 indicates a balanced momentum, with bulls ready to challenge bears. If ADA breaks through the $0.47 resistance, it could climb towards $0.57, representing over a 30% increase from the current high end. The coin’s 10- and 100-day moving averages are also aligned, suggesting a promising trend reversal. With the crypto market showing 2021-like patterns, Cardano might soon see significant growth.

Avalanche (AVAX) Shows Potential for Growth Despite Recent Dip

Avalanche (AVAX) stands within the $21.77-$29.91 range, experiencing a recent downward drift of over six percent in the past week. Despite this, the bulls are not out. The coin's 10-day and 100-day moving averages hover close to $27, showing a potential rally. The RSI at sixty and Stochastic at eighty-one suggest that AVAX is ripe for a burst. If momentum shifts, it could challenge the $34 resistance, marking a possible twenty percent surge from current prices. Beyond, hitting the second resistance of $42.21 could reflect a robust fifty percent rise. The price pattern indicates that once the market steadies, AVAX could lead the next altcoin run.

Conclusion

SUI, SOL, ADA, and AVAX have potential, but may not see significant short-term gains. The standout option is BLASTUP. This project is promising due to its unique concept and its presence in the Blast ecosystem. Consider BLASTUP for better returns.

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Source: https://thebittimes.com/top-cryptos-to-buy-while-bitcoin-recovers-from-recent-market-shock-tbt96313.html

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