Could SOL, TON, and HBAR Lead the Next Rotation — Or Is Liquidity Drying Up Across the Board?
Market enthusiasts are eyeing a possible new shift among digital assets. Attention is turning to SOL, TON, and HBAR. Could these cryptocurrencies be primed for growth? Or is the overall market facing a liquidity crunch? This article delves into the current scenario, analyzing whether these coins are ready to surge or if investors should brace for tighter conditions.
Solana Eyes Modest Gains Amid Volatile Market
Source: tradingview
Solana (SOL) is seeing moderate fluctuations, currently trading between $120 and $143. Despite a rough month with a fall of about 29%, SOL has shown a slight recovery recently, climbing approximately 7% in the past week. The nearest hurdle is at $155, and breaking through could lead SOL towards $178, marking a potential increase of around 25% from its current high. Support is solid at $109, which offers some stability. The RSI suggests the coin is neither overbought nor oversold, hinting at potential for growth. While the market is still shaky, with a 100-day moving average slightly above current prices, investors remain cautiously optimistic.
Toncoin's Roller Coaster: Price Dips Sparking Interest
Source: tradingview
Toncoin is bouncing between $1.33 and $1.73, showing mixed movements. Recently, it rose by just over 5% in a week. However, over the past month, it has dropped by nearly 28%. The six-month view reveals it lost almost half its value. It's above the support level of $1.18 but struggling to break past $2.00. If it manages to rise above this, it could touch $2.41. This represents a significant potential jump from the current range. The RSI is balanced, indicating no extreme conditions, while the MACD suggests a mildly bearish scenario. Investors watch closely for signs of a breakout or further dips.
Hedera (HBAR) Poised for Potential Surge Despite Recent Dips
Source: tradingview
Hedera (HBAR) is currently trading between 13 to 16 cents. Lately, it saw a near 11% rise over the past week, but it's still down by 28% this month. If HBAR can break past the 18-cent resistance level, the 21-cent mark could be the next target, suggesting a rise of roughly 30% from its lower range. However, it has a safety net at around 11 cents, which could support it if prices dip. The coin's recent trends and moving averages spark hope for possible growth. With a current RSI at about 49, the momentum hints at potential but isn’t overly bullish yet. Keep an eye on these critical levels for more significant breakthroughs.
Conclusion
SOL, TON, and HBAR have shown promise in the market. However, overall liquidity seems to be diminishing. Their future role will depend on various market factors. Their performance will require close monitoring.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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