There is no doubt that Bitcoin and Ethereum dominate the cryptocurrency market in many aspects, including market capitalization and performance, among others. However, this does not mean that altcoins cannot thrive and outperform BTC and ETH.
With the changing political winds and Trumpâs new influence, 3 hidden gems could see significant growth. According to analysts, Solana, Toncoin, and TRON are well-positioned to compete with BTC and ETH.
Solana (SOL)
Solana (SOL)Â trades between $133.20 and $159.81. It recently saw a slight decline of 1.49% over the past week, but a 9.90% increase over the month. Resistance is at $173.11, while support is at $119.89.
A move above $173.11 could lead to a rise to $199.72. Caution is advised, as the RSI hints at a possible drop to support as low as $93.28. The next few days will prove to be crucial for Solana.
Toncoin (TON)
Toncoin (TON) is currently fluctuating between $5.01 and $5.74. The recent price action shows a weekly decline of 3.18%, but a monthly increase of 6.33. Over the past six months, the decline has been 28.25%.
Resistance is at $6.18, while support is at $4.70. The 10-day and 100-day moving averages hover around $5.21 and $5.26, respectively. A breakout above $6.18 could lead to a rise to $6.92. Failure to break above that could see the price drop to $4.70 or even $3.96.
Tron (TRX)
Tron (TRX)Â traded between $0.1521 and $0.1571, near resistance at $0.1599. TRX has gained more than 4% over the past week and month, with an impressive gain of nearly 33% over the past six months. The 10-day moving average at around $0.1598 could help push the price higher.
A break above $0.1599 could lead to a rise towards $0.1649. The support levels at $0.1500 and $0.1450 remain important in case of a decline. Positive technical indicators such as RSI at 68.33 and MACD at 0.0008 suggest further upside potential.
SOL, TON, and TRX could potentially outperform Bitcoin and Ethereum amid Trumpâs political resurgence. By keeping a close eye on these coins, investors can identify opportunities in this changing market landscape.
