The long-awaited surge in alternative cryptocurrencies has yet to begin, leaving investors on edge. However, several digital coins may be poised to lead the charge once momentum shifts. This article will explore which of these potential frontrunners are expected to rise first, shedding light on promising opportunities within the crypto market.
Source: tradingview
Ethena (ENA) is currently trading between $0.21 and $0.27. Despite recent ups and downs, it has shown a weekly gain of over 14%. This indicates a potential for an upward trend. The coin struggles to break through the resistance at $0.28. If it manages to surpass this, it could potentially aim for a 26% rise towards the second resistance at $0.34. On the downside, support at $0.17 provides some safety. The RSI suggests that the coin is currently undervalued, which might attract buyers. This opens room for possible growth. Traders are closely watching if Ethena can maintain upward momentum and hit higher milestones.
Source: tradingview
Ethereum (ETH) is currently dancing between just below three thousand and a bit above three thousand two hundred dollars. It has seen a slight uptick in the past week, reflecting a modest increase. The coin's potential for growth is promising. If it breaks the current resistance level north of three thousand three hundred dollars, it could aim for over three thousand five hundred dollars. This shift would mean a gain of about 12% from its low range. However, with its RSI and Stochastic indicators showing low numbers, there's caution against an immediate surge. But a breakout could lead to exciting upward movement for Ethereum enthusiasts.
Source: tradingview
The cryptocurrency Artificial Superintelligence Alliance, currently priced between $0.21 and $0.29, has shown a notable weekly price increase of about 35%. Despite having fallen 62% over six months, it holds potential signs of recovery. Currently, FET finds support around $0.16, with resistance seen near $0.32. Traders are watching if it can break past $0.32 to reach the next resistance at $0.39. The 10-day and 100-day averages show the coin hovering close to those values. While overall momentum is still slightly bearish with low RSI, short-term gains and the chance of hitting higher resistance levels bring cautious optimism for potential growth.
Source: tradingview
Sui's price is moving between one and a half to nearly two dollars. Recently, it's gained over a quarter in just one week and about a tenth over the last month. It still feels pressure from a larger drop over half a year. The nearest challenge is at the two-dollar mark, and if it breaks, it could climb another fifth to more than two dollars. Support is solid around just over a dollar. With its 10-day average slightly below its 100-day average, Sui shows some room to grow. While some indicators suggest it’s undervalued, potential rises hinge on market conditions.
Source: tradingview
Hedera (HBAR) currently sits between eleven and thirteen cents. Its movement shows mixed signals. It recently rose over eleven percent in one week, but is down about twelve percent this month. The coin's price suggests possible growth if it breaks through the fourteen-cent resistance. If it reaches this, the next target could be seventeen cents. This could mean an increase of around twenty-five to fifty percent from current levels. Despite recent losses over six months, Hedera remains close to its short-term average price. Its relative strength index and other indicators suggest it might still have room to rise. Keep an eye on these levels for potential opportunities.
When the shift finally begins, certain coins might be the early movers. ENA, ETH, FET, DOGE, and HBAR stand out as strong candidates. Their unique features and growing market interest could trigger significant activity. Monitoring these coins closely will provide insights into the evolving market trends. These assets are positioned to lead in the coming market phase.
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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