Solana (SOL): Solana exhibits bullish momentum, eyeing $185, with $162 as a crucial support level.
The Graph (GRT): GRT signals recovery, aiming for $0.35 resistance, supported by positive RSI trends.
Arweave (AR): AR trends upwards, with $40 EMA pivotal; breakthrough may lead to a $68 surge.
After a significant drop, Bitcoin has bounced back, showing that recuperation may be on the way. Many elective cryptocurrencies are moreover getting to be progressively well known. The price changes of a few promising altcoins, such as Fantom, Arweave, The Graph, and Solana, have been significant.
Solana (SOL)
On May 15, Solana (SOL) surged past its moving average, as bullish endeavors endeavored to uphold their momentum. Resistance looms modestly at $176, where bearish forces may endeavor to trigger a correction. An important level to watch on the downside is the $162 breakout level.
If the price rebounds from this level strongly, it will indicate that bulls are trying to flip $162 into support. That would increase the chances of a rally above $176. The SOL/USDT pair may then move to $185. This positive view will be invalidated in the short term if the price turns down and falls below the moving average. That could result in long liquidations, pulling the pair to $140.
The Graph (GRT)
The (GRT) chart shows a recovery on May 15, as the cost surged beyond the normal movement, implying bullish energy. The 20-day Exponential Moving Average (EMA), right now at $0.29, demonstrates an upward move. Expansion-wise, the Relative Strength Index (RSI) has risen into a positive region, affirming the bullish potential. Expectations point towards buyers driving the price towards the resistance level at $0.35, though they may face resistance from bears keen on maintaining their position.
While the need for these types of crypto projects continues to increase following the AI boom, investors can enter the market and take advantage of the endless possibilities within it. The native GRT token has maintained a positive outlook in the year-to-date price chart, witnessing an increase of nearly 130%.
Arweave (AR)
Arweave (AR) has been trending upward during the last three days. Bulls were unable to sustain their gains on May 17, despite successfully pushing the price over the overhead resistance level of $47.51. Here, bears are trying to force the price down toward the 20-day EMA ($40), which is an important milestone to watch.
Bulls are buying on the dip if there is a significant price rebound from this level. That would raise prospects for a break above the psychological resistance at $50. If that happens, the AR/USDT pair could surge to $68.
Fantom (FTM)
Fantom (FTM) saw a surge starting May 16 as it breached both the moving average and the horizontal resistance at $0.79, setting its sights on a target price of $1.04. With the RSI signaling a shift to positive momentum and the moving average hinting at a bullish crossover, bullish sentiment reignited among investors.
However, the bears may still put up a fight, reluctant to relinquish control easily. They will try to pull the price back to $0.79. If bulls flip this level into support, the FTM/USDT pair could rise to $1.04.
In the crypto industry, SOL, GRT, AR, and FTM are positioned as promising assets. SOL showcases resilience, with the potential for a bullish rally. GRT demonstrates recovery, supported by positive indicators. AR presents upward trends, eyeing significant milestones. FTM shows signs of resurgence, fueled by bullish sentiment. These digital currencies embody the dynamic nature of the digital asset realm, providing investors with avenues for both growth and innovation within the cryptocurrency market.
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The post Riding the Bull: SOL, GRT, AR & FTM—Cryptos Set to Soar in the Near Future appeared first on Crypto News Land.
