These Altcoins Are Holding Structure While the Market Hesitates
As the broader crypto market shows signs of hesitation, certain altcoins are displaying remarkable resilience. These digital currencies are maintaining strong performance, hinting at the potential for future gains. The following article explores which cryptocurrencies are showing promise, piquing interest for those on the lookout for the next big opportunity.
NEAR Protocol Eyes Potential Comeback with Bullish Moves
Source: tradingview
NEAR Protocol's price is showing promising signs of recovery, sitting between $1.47 and $1.65. The coin recently gained around 14% this week, hinting at a positive trend. While it faced a bit of a drop last month, it's slowly climbing back up. The current price is approaching the resistance level of $1.72. If it continues to rise, it could potentially reach its second resistance of $1.90, making a leap of almost 27% from its support level. Monitoring NEAR's movements against these levels can provide clues to its future growth. Positive signals are developing, suggesting NEAR might be gearing up for more upward moves.
Injective (INJ) Eyes Potential Gains Despite Recent Losses
Source: tradingview
Injective's current price is floating between $4.49 and $4.95. It's showing an upward trend with a recent week's boost of over 4%. INJ is close to testing its resistance level at $5.14, with further potential to rise to $5.60 if the momentum holds. This represents roughly a 25% gain from its current lower range. However, after losing over 20% this month and more than half its value in six months, investors remain cautious. The 10-day average suggests a short-term upward trend, moving above the 100-day average. With an RSI near 65, there’s potential for growth if it surpasses key resistance points.
Toncoin Eyes Higher Ground: Is a Breakout Imminent?
Source: tradingview
Toncoin is currently trading between one and a half and almost one and three-quarters dollars. Recent trends show a rise, with the coin up over 15% in the past week. It's testing resistance near one and four-fifths dollars, a key level that could lead to further gains. If it breaks past this, it might reach around two dollars, promising an increase of over 10%. However, a dip could push it back to support levels near one and a third dollars. The market mood is optimistic, but caution is advised while watching the next price movements.
Chainlink (LINK) Seeks Stability Amidst Market Fluctuations
Source: tradingview
Chainlink's price is hovering between $12 and $13, showing a recent weekly rise of over 8%. This suggests potential short-term interest from investors. However, the one-month change shows a dip of around 3%, indicating some uncertainty. The next key resistance is at $13, while support holds near $11.50. If LINK can break past $13, it might aim for a high of $14.34, which is a potential 10% increase from its current upper price range. RSI at 71.23 suggests it's nearing overbought conditions, which could influence movements. Overall, LINK is showing signs of interest, but caution is advised as it balances between growth potential and market pressure.
Conclusion
NEAR, INJ, TON, and LINK are maintaining their structures. These altcoins show strength, even when the market hesitates. This stability indicates potential resilience in uncertain times. Investors may view these as promising options in a cautious environment.
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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