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Home»TRADING NEWS»A huge tsunami coming to Ethereum and altcoins
TRADING NEWS

A huge tsunami coming to Ethereum and altcoins

By Crypto FlexsApril 4, 20242 Mins Read
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A huge tsunami coming to Ethereum and altcoins
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The digital currency landscape is bracing for a massive surge that could redefine the trajectory of Ethereum and its fellow altcoins. As market dynamics align, signs of a coming wave are sparking interest across the investment community. As the 2024 bull market begins, expectations for these significant changes have become clear. The imminent impact of such a wave presents an important moment for investors to pay attention to as they navigate the cryptocurrency space.

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Solana’s Current Range and Price Prediction

The price of Solana has recently fluctuated between $187.30 and $210.62. Last week SOL fell slightly to 0.46%, but last month it rose 39.08%. It has recorded an impressive increase of 691.63% in the last 6 months. Price action appears to be more corrective as the Relative Strength Index is currently hovering around 49.18, which indicates balance between buyers and sellers.

Looking ahead, SOL shows potential for growth as it approaches the nearest resistance level at $218.61. If there is a breakout, the next target could be $241.93. The downside is that if the price falls, SOL will find support near $171.97 and then $148.65. Mixed signals from Stochastic (42.10) and MACD (-0.89) suggest a cautious approach.

Jupiter’s current trends and price predictions

The price of Jupiter has surged and has shown strong upward momentum over the past six months. It attracted attention as its value rose by a whopping 5,029.33%. Over the past month, the price has risen 160.50%, and last week it rose 17.83%. It is currently fluctuating between $1.39 and $1.94. Market indicators such as position below the 100-day simple moving average (SMA) and RSI below 40 suggest that the move may be in a correction phase after the recent rally.

If the trend remains strong, it may break the nearest resistance at $2.14 and target the second resistance level at $2.69. Nonetheless, if buyers lose steam, JUP could fall back to the nearest support at $1.04, and in a bigger downturn, it could fall to the second support at $0.48. Additionally, lower stochastic values ​​indicate that JUP may currently be oversold and may sometimes be ahead of a price rebound.

Aptos Stirs Market: Fickle Competitors Amidst Uncertainty

Aptos (APT) has had a lively market performance recently. The current price is moving between $15.46 and $19.02. Over the course of a week, the coin’s value dropped by about 19%, while over the course of a month, it increased by about 18%. In just six months, the coin soared, recording a growth of over 167%. Most of these movements are a mix of rapid ups and downs, suggesting the volatile market nature of APT.

Predicting the path of an APT is tricky. On the positive side, the six-month rally suggests a strong trend, with APT likely to test resistance near $20.97 and possibly a second resistance at $24.53 if momentum builds. On the other hand, if sellers take control, the coin may retreat to support levels of $13.84 or $10.28.

Uniswap’s current snapshot and future price

Recently, Uniswap coin prices have been changing dynamically. Over the past week and month, the coin has fallen 9.75% and 10.61% respectively. Despite this decline, there has been a significant increase of 151.06% over the past six months. It is currently trading between $12.12 and $13.55. Prices show signs of a balance between profits and losses, without a clear impulsive or corrective trend.

Looking ahead to UNI’s future, the coin’s future appears to have potential, but requires careful attention. The nearest resistance is $14.16 and support is $11.30, so there is room for growth, but there is also a risk of a decline if support fails. A positive 6-month trend and neutral RSI point to potential bullishness, but it is important to keep both possibilities in mind as the coin navigates volatile market conditions.

conclusion

Considering current market trends and the performance and prospects of various digital assets, SOL, JUP, APT, and UNI appear to have less near-term growth potential. Investors may find that this coin does not align with the most dynamic opportunities at the moment. In contrast, BlastUP emerges as an outstanding project with noticeably higher potential. The innovative concept, combined with the benefits of being part of the Blast ecosystem, contributes substantially to its promising prospects, making it a focal point for those looking to capitalize on the ongoing bull market.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment, or financial advice.

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