In addition to SOL, ADA, DOT and MATIC, here are the altcoins set to launch in 2024
Since the 2021 bull run, cryptocurrencies have gained mainstream attention and adoption has grown significantly. Since then, market participants have been exploring various other projects that could surpass the popular cryptocurrency in terms of growth. While top coins like Bitcoin, Ethereum, Cardano, Polygon, and Avalanche all recorded gains, some emerging altcoins like Injective, Celestia, Optimism, and more also saw significant gains
rebound.
INJ
Injective was one of the coins to show a wild rise of over 500%, forming a new ATH of $45.19
The bulls do seem to be exhausted to some extent but are still holding on strong so the support levels have been defending well
Buying pressure has increased, which could be a sign that ARB price could maintain a healthy rise in the coming days and continue to find new highs.
Celestia (TIA)#tia
From the beginning, Celestia price has been trading within an ascending parallel channel, respecting resistance and support levels
The RSI continues to hover within the upper range, indicating that prices may still be under bullish influence
However, the Bollinger Bands are about to experience a squeeze, which could slash volatility, causing the price to fall towards temporary support below $15 soon
Optimism (OP) #op🔥🔥
The recent rally in the market has resulted in a massive price increase for Optimism, up over 250%,
Bringing the price tag closer to $4
The price has been unable to break above the $4.1 resistance and has faced rejection multiple times, forming a double top pattern
Now the coin is testing the neckline and a sharp decline is expected, leading the price to test the interim support at $2.5, which may be followed by a bullish rebound
ImmutableX (IMX)#imx
IMX Price Forms a Huge Curve to Disperse Bearish Impact of Long-term Stranding
Despite price surge of over 100%, it failed to break above the $2.6 neckline, triggering fresh bearish action
However, buying pressure is increasing as volume has increased significantly, while the Relative Strength Index (RSI) remains within bullish territory. Therefore, after a brief period of consolidation, IMX price may start a fresh rise
Arbitrage (ARB) #ARB/USDT
Arbitrum price has been in an uptrend since price broke out of consolidation around $1
However, the price encountered rejection at $2.2 and maintained the downtrend, triggering a 20% downtrend
The RSI is bearish and heading towards lower support, which could drag the price slightly lower. However, a rebound may ensue, which could trigger a healthy rebound in ARB price #BTC $BTC $ETH $SOL
