Experts predict that Bitcoin’s value will rise up to $200,000 after the halving. This major event not only impacts Bitcoin, but also signals a potential altcoin season in which altcoin projects could see significant gains. Knowing which cryptocurrencies to pay attention to may be the key to understanding this wave of momentum in the cryptocurrency world.
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Leading Altcoin Ethereum Hovers Near $3500 With Its Price Increase Potential
Ethereum is showing potential as it hovers around $3509, slightly above the 10-day simple moving average. If buyers move above $3830, we could see a climb towards the second resistance at $4318. This indicates that an upward trend may occur. However, the sell signal from the MACD needs to be taken into consideration because it can indicate impending selling pressure. Growth is possible with balanced market indicators, but caution is advised.
Looking at the broader picture, the 100-day simple moving average is sitting comfortably at $2851, providing a strong base for Ethereum price. Long-term belief in its technology could keep prices above the nearest support at $2548. Risks remain and tighter tests are underway at lower support levels at $1755; If these supports are broken, significant declines may be signaled. Still, neutral signals from the RSI and Stochastic indicate a state of balance, indicating a stable basis for future growth.
Solana Price Momentum Points to an Uptrend
Solana’s current price of $195.14 indicates strong momentum in the market; It has the potential to challenge the immediate resistance at $202.72 or even move towards the second resistance at $219.73. In the short term, investors may be encouraged by the 10-day moving average of $185.40 remaining strong above the 100-day moving average of $121.20, which could signal continued buying interest. However, a decline below these averages could trigger a test of lower support levels at $100.87 or possibly $76.03.
Long-term prospects look promising as the price is significantly above the 100-day moving average, indicating continued investor confidence. If the positive trend continues, we may see a steady rise towards resistance levels. However, confirmation of this uptrend requires staying above key support thresholds. A break below the immediate support at $100.87 could signal a shift in sentiment, while a stay above it could solidify a base for future gains.
Avalanche Price Analysis: Upward Momentum Detected for Altcoin
Altcoin Avalanche’s current price of $53.52 indicates that bullish momentum is pushing it beyond the nearest resistance at $56.32. In the short term, it may target the second resistance level at $61.66. Traders should note that the immediate support level is $33.98 and the distant support level is $26.97; If the trend reverses, these could be key areas where the price could stabilize. The fact that the moving average over the last 10 days is slightly above the current price at $54.55 indicates that there is some hesitation in the market and careful monitoring is required.
Looking at the long term, the 100-day simple moving average is $41.50, which is significantly lower than the current price and reflects overall growth for Avalanche (AVAX). This could indicate a potential positive trend for sustainable investing. However, mixed signals from the MACD suggesting sell and the RSI remaining neutral suggest a split in the forecast indicators.
NEAR Protocol: Altcoin Shows Strength Above SMA Levels
At $7.09, NEAR Protocol is showing strength as it is above the 10-day SMA of $7.02. Considering that the first resistance exceeded $ 4.49, we can see the second resistance at $ 5.11. If the trend continues, a break through $5.11 could confirm continued momentum. However, we should be careful because the nearest support at $2.97 signals a potential reversal.
The 100-day SMA at $4.29 is well below today’s price of $7.09, indicating a long-term uptrend. NEAR can keep its growth above these averages. However, if it falls below the nearest support at $2.97, the next safety net will be far away at $2.07, which will be vital for altcoin NEAR to maintain its current levels or face a deeper decline.
Conclusion
Concluding our altcoin season analysis, BlastUP stands out within the Blast ecosystem, while Ethereum, Solana, Avalanche and NEAR Protocol showcase their strengths and growth potential. Its unique concept is attracting investors’ attention, with indications that strongly suggest it has the highest potential among its peers. Keen market observers have noted that although other altcoins present opportunities, BlastUP’s position in its ecosystem gives it a distinctive advantage and sets it up for significant advances in the coming season.
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