Which Cryptocurrencies Will Lead the Next Bull Run?

As the 2024 bull run begins, investors are eagerly searching for cryptocurrencies poised to dominate. The market is brimming with potential and it is very important to choose leaders in this rise. Analyzing trends and performances, this article reveals the pioneers expected to shape the future of investments. An in-depth study of these currencies offers valuable information for those aiming to benefit from the rising tide.

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Polygon (MATIC): Price Analysis and Forecast for Crypto

The latest trend of Polygon (MATIC) shows a decline of 9.96% in the past week and an even sharper decline of 19.86% in the past month. Despite this decrease, there is an increase of 74.52% in the 6-month outlook. Currently, the price fluctuates between $0.85 and $0.99, indicating instability.

The future of MATIC is uncertain. Indicators do not show strong momentum, indicating that the current price movement is corrective rather than impulsive. With key support at $0.78 and resistance at $1.07, MATIC could move in either direction. A break below the support could lead to further declines, and the next support could be at $0.63. On the other hand, a break of the first resistance level could build confidence and push MATIC towards $1.22.

Optimism Price Analysis: Short-Term Decline or Growth Potential?

Optimism (OP) has been in a downtrend recently, with a weekly decline of 13.89% and a monthly decline of 29.30%. However, when we look back six months, we see that there was an increase of 155.24%. It now fluctuates between $2.80 and $3.64. The Relative Strength Index is above 60, which may indicate that the coin is overbought. Optimism price action is hesitant, alternating between ups and downs.

It’s hard to predict OP’s price. If it holds above $2.41, it could challenge nearby resistances at $4.08 and then possibly $4.92. However, if it weakens, it could drop to the $2.41 or even $1.57 support levels. Investors may be hopeful due to half-year gains, but it’s important to remain cautious as recent trends suggest continued volatility.

Solana’s Strong Rise Amid Crypto Volatility and Balanced Forecast Environment

Solana has seen significant price fluctuations lately, with a 1-week drop of approximately 11.82% versus an increase of 23.16% in the past month and an impressive rise of 707.55% in the last 6 months. SOL is currently trading between $163.53 and $200.02. The price moves in a mixed pattern with both upward and downward momentum; This shows that there is a balance between sudden movements and correction phases.

Looking ahead for SOL, the coin faces immediate resistance at $220.5, with a stronger barrier at $256. If buying interest increases, SOL may test and possibly exceed these levels. On the other hand, if sellers dominate the market, the coin could decline to the $147.52 or even $111.03 support levels. Considering the current MACD level of -0.533, market sentiment indicates uncertainty, while the RSI at 52.04 suggests that the SOL is neither overbought nor oversold, indicating that there is room for movement in either direction.

NEAR Protocol Price Analysis and Forecast

The current price of NEAR is between $6.11 and $7.61. Last week NEAR fell slightly by 1.38%. However, it performed much better last month with an increase of 25.06%. Looking back six months, NEAR made a significant jump with its price increasing by 590%. Prices are currently above both the 10-day and 100-day simple moving averages, indicating positive momentum. Overall, NEAR appears to be on a rapid move with the price increasing in the short to medium term.

NEAR’s near-term future looks promising with support at $5.31 protecting against any sudden decline. However, a drop to the second support level at $3.81 seems unlikely at the moment. Upside potential lies around $8.30 and then $9.80, and NEAR will aim to test this. The coin’s progress indicates investor confidence, but the market faces unpredictable consequences.

Conclusion

The cryptocurrencies studied, including MATIC, OP, SOL, and NEAR, may not see significant growth in the short term. However, BlastUP stands out as the cryptocurrency with the highest potential. Its strong concept and integration into the broader Blast ecosystem positions it for effective growth during the current bull run. Investors should pay close attention to BlastUP as it has promising prospects.

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