Market Pullback After Rally Opens New Entry Zones — Coins to Monitor Closely
The recent drop in crypto prices has created fresh buying chances. Following a period of gains, certain digital currencies are now positioned for potential growth. This article will uncover which coins show promise and are worth keeping an eye on in the current market landscape.
Stellar Holds Steady, Eyes on Breaking Key Levels
Source: tradingview
Stellar (XLM) is currently priced between two dimes and a quarter. It has seen a slight dip of about 2% over the last week and more than a tenth decline over a month. With the nearest resistance just below twenty-eight cents, Stellar could climb roughly 10% from its current range if it breaks past this. The second resistance level is a bit over thirty cents, suggesting a potential 20% jump from its present average if it can maintain upward momentum. However, the current RSI hints at a neutral market sentiment, which means buyers aren't overly aggressive right now. Stellar's journey seems balanced between caution and potential growth.
Title: Sui (SUI) Eyes Recovery from Recent Lows
Source: tradingview
Sui (SUI) currently trades between one and a half and almost two dollars. It faces resistance at just over one and three-quarters and further resistance near two dollars. Support is nearby at around one and a half, with stronger support closer to one and a quarter dollars. Over the past month, it dropped by nearly ten percent, with a deeper fall over six months. The ten and one hundred-day moving averages are fairly close, hinting at possible stability. The RSI hovers below forty-five, suggesting some room for upward movement. If momentum shifts, Sui could rally towards the two-dollar mark, a rise of over twenty percent from its lower current price.
Hedera (HBAR): Will It Bounce Back After Recent Declines?
Source: tradingview
Hedera (HBAR) is dancing in a range between eleven and fourteen cents. It's facing some challenges, with its price slipping over eight percent in a week and more than twenty percent in a month. The nearest barrier is at fifteen cents, while solid ground rests slightly below ten cents. If it pushes past resistance, it might aim for eighteen cents, marking a roughly thirty-three percent rise from its high point now. With a Relative Strength Index below fifty, there's room for potential upward movement. Yet, with current trends showing a dip, the coin needs a good push to change direction. Eyes are on Hedera, watching for its next move in the crypto dance.
Conclusion
In a period of market pullback, attention turns to potential opportunities. XLM, HBAR, and SUI attract particular interest for their distinctive features and potential for growth. Monitoring these coins closely during this phase could reveal promising entry points. This could present a chance for strategic investments and potential gains.
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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