An exciting development in the cryptocurrency market has caught the attention of many. The recent surge in major listings has led to an impressive rise in POL, while XRP has followed in the footsteps of Grayscale XRP Trust. Discover other alternative coins that could see explosive growth in the near future. Read on to find out which coins are likely to make the next big move in the cryptocurrency space.
Paul (EX-MATIC)
Formerly known as MATIC, POL is showing bullish momentum and is currently trading between $0.34 and $0.42 with a solid weekly gain of 15%. Despite a 60% decline over the past 6 months, the recent recovery shows that the bullish momentum is strengthening. The Relative Strength Index (RSI) is at 77, indicating that the asset may be overbought and could face resistance in the coming days. If the bullish momentum succeeds in breaking the $0.47 resistance, the next target would be near $0.54, potentially offering a 29% upside. Key support is at $0.31. If the bullish momentum continues in the future, POL could grow by up to 180%.
Ripple (XRP)
XRP is trading between $0.50 and $0.57, with mixed momentum suggesting limited upside. Immediate resistance is at $0.61, with support at $0.46. The 10-day average is above the 100-day average, indicating a slight short-term upside, but signs of potential overbought conditions are showing as the RSI is at 59 and the Stochastic is nearing 80. If XRP breaks above $0.61, it could target $0.68, which would be a 20% increase from the current low. However, the overall trend is still bearish. Nevertheless, if the market trend turns in its favor, XRP could see potential upside of up to 140%.
Phantom (FTM)
Fantom (FTM) is currently trading between $0.37 and $0.45, showing signs of weakness after a recent 26% weekly gain and 29% monthly gain. Despite this gain, the bears still have the upper hand, having lost 40% in the last 6 months. The RSI is below 50, reflecting weak buying pressure. Fantom should see a stronger bounce by breaking the $0.48 resistance level, potentially pushing up to $0.56, a 20% gain from the current high. If Fantom can regain momentum, we could see potential growth of up to 200%.
Stack (STX)
Stacks (STX) is trading between $1.30 and $1.54, with the bears currently in control. The price has struggled to move above the 10-day moving average at $1.60. If the bulls regain momentum and push STX past the $1.67 resistance, it could eventually target $1.90, up 24% from the bottom of the current range. There is a safety net at $1.19 and $0.95 to cushion any further declines. The RSI remains below 50, indicating weak buying pressure, but if bulls gain the upper hand, STX could potentially see a 150% gain.
POPCAT
POPCAT (POPCAT) has been on a steep uptrend, up nearly 240% over the past 6 months. The current price is between $0.46 and $0.63, just below the important resistance level of $0.71. The recent 23% weekly gain shows momentum, but the bulls are struggling to break above this barrier. The Stochastic indicator suggests more room for growth, and the RSI is at 54, so a rally is possible. If it breaks above $0.71, it can target $0.88, which is a 39% increase. POPCAT could continue its uptrend and go up by up to 250% if it breaks above the key resistance level.
conclusion
The recent surge in POL (formerly MATIC) and XRP, driven by major listings and the Grayscale XRP Trust, highlights the dynamic potential of these altcoins in the current market. The bullish momentum of POL and the steady rise of XRP make them attractive options for investors. Similarly, other altcoins such as Fantom, Stacks, and Popcat are showing signs of significant growth potential, with key resistance levels providing significant upside opportunities. As the cryptocurrency markets continue to evolve, staying informed of these developments can help investors capitalize on the next big opportunity in the altcoin space.
Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.
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