These 3 SOL-based altcoins are expected to 2x this week!
With SOL price approaching the $200 level and expected to break through, these altcoins may gain additional momentum this week and achieve a 2x rebound.
Jupiter (JUP)
The price of the JUP token with a market value of $1.39 billion has shown a bullish breakout rebound, gaining momentum as the broader market recovers. In the daily logarithmic price chart, the Solana-based altcoin showed a double bottom reversal from the $0.68797 support level.
JUP price action ended the corrective phase in a descending channel pattern as the neckline broke through $0.88.
Raydium (RAY)
Trading at $2.39, it fell 10.86% intraday, weakening the 10.47% bullish engulfing candle on Sunday. The Solana-based altcoin, with a market cap of $630 million, tested the 50% Fibonacci level at $2.38.
Pyth Network (PYTH)
The price trend of PYTH, with a market cap of $1.29 billion, shows a falling channel breakout rebound as the recovery momentum strengthens from $0.27. Moreover, the altcoin surged 35% in two weeks, challenging the 23.60% Fibonacci level at $0.3772.
