As 2024 draws to a close, a select few cryptocurrencies are poised for significant growth. Investors and traders are eagerly anticipating which digital assets will lead the market’s next big bull run. This article reveals three standout coins that are predicted to dominate in the final quarter, highlighting the key factors driving their potential success.
Artificial Superintelligence Alliance (FET)
Artificial Superintelligence Alliance (FET) is currently trading between $1.14 and $1.49. Currently, the bears seem to be in control, as FET has yet to break above the $1.65 resistance. The price has more than halved since a month ago, but is still down about 40% since six months ago. The relative strength index is below the midpoint, indicating weak bullish momentum. If the bulls can recover, FET could rise to the second resistance at $2.01, translating into a significant gain. With fresh momentum, FET could soon challenge the $1.65 resistance, paving the way for a sustained rally and a possible breakout.
Bittensor (TAO)
Bittensor’s price is fluctuating between $250 and $345, suggesting that bears may be gaining strength as bulls struggle. The coin is currently below two major resistance levels at $386 and $477, suggesting that there are hurdles to any upside. The coin is also hovering above its immediate support level at $204, but significant pressure could push it closer to the next support level at around $113. Despite its recent weekly gain of over 43% and monthly gain of 46%, its upside potential appears to be limited by the current resistance levels and slowing momentum. A break above the first resistance level could indicate further gains ahead, potentially pushing it to around $392 by another 12%.
Solana (SOL)
Solana’s price is currently hovering around $125 and $139, indicating a weak bullish push. The bears seem to have the upper hand, as the coin faces resistance around $146. Recent trends also point to a decline, with a 22% drop in six months, although the past week has seen a small increase. With the 10-day simple moving average well above the current price, Solana is struggling to gain momentum. For a bullish turn, a break above the $146 resistance level is crucial. If the coin were to surge, reaching $159 would mean a gain of more than 20% from its lower range. But the immediate focus is on breaking through the current bearish support level.
Part kConclusion
As we approach the final quarter of 2024, the cryptocurrency market is unfolding a landscape ripe with growth opportunities, with FET, Bittensor (TAO), and Solana (SOL) emerging as top contenders. While current resistance levels and market dynamics pose challenges, each of these digital assets is poised to break out with the right bullish momentum. Investors who keep a close eye on these coins are likely to reap significant gains if they manage to break through key hurdles. As always, timing and strategic entry points will be crucial for those looking to maximize gains in the coming months.
