These Three Coins Are Poised for a 2x Rally!
As the Solana ecosystem has exploded in the crypto bull run, Solana-based altcoins have also risen quickly. With SOL price approaching the $200 level and poised to breakout, these altcoins could gain additional momentum this week to achieve a 2x rally.
The price of the $1.39 billion JUP token has shown a bullish breakout rally, gaining momentum as the broader market recovers. In the daily logarithmic price chart, the Solana-based altcoin has shown a double bottom reversal from the $0.68797 support level.
The JUP price action ended the corrective phase in a descending channel pattern as the neckline broke above $0.88. Moreover, the altcoin has gained 56% in the past two weeks, but the recent intraday drop of 5.41% tested the psychological $1 mark.
If the bullish momentum continues and a post-test reversal occurs, the Jupiter token price could reach the 50% Fibonacci level of $1.32. On the upside, $2 and $2.75 are potential upside targets for the JUP token.
RAY is trading at $2.39, down 10.86% intraday, undercutting Sunday’s 10.47% bullish engulfing candle. The Solana-based altcoin, with a market cap of $630 million, is testing the 50% Fibonacci level at $2.38.
RAY price has recovered 72% in the past two weeks, breaking out of the consolidation range. Despite an 85% drop from its all-time high of $16.93, the altcoin is poised to close the month strongly.
As the intraday decline is a retest, the uptrend continuation in RAY price could reach the $4.11 mark.
The price trend of PYTH, with a market cap of $1.29 billion, shows a falling channel breakout bounce as the recovery momentum strengthens from $0.27. Moreover, the altcoin has surged 35% in two weeks, challenging the 23.60% Fibonacci level of $0.3772.
In addition, in the daily log price chart, the Solana-based altcoin showed a rebound from the breakout channel, which is expected to reach $0.54. Optimistically, the bull run may reach $0.81.
If you have investment intentions in the near future, click on the avatar to follow Chuangge, and share spot and contract strategies for free.
