As the 2024 bull run in the cryptocurrency market gathers pace, investor enthusiasm is reaching new heights. In the quest for potential winners, many are eager to uncover the next big movers in the market.
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This article will explore the cryptocurrencies that warrant attention in the upcoming week. With the market showing signs of increasing activity, identifying top performers could prove vital for those seeking to seize opportunities amidst the current trends.
NEAR Protocol Price Analysis
NEAR Protocol has experienced notable price movements recently, witnessing an 8% decline over the past week. However, its value has surged by over 50% in the last month and an impressive 500% over the last six months.
Currently trading between $6.74 and $7.98, NEAR’s movement appears corrective following recent highs. Looking ahead, it may aim for resistance at $8.67 and $9.91, while support levels are seen at $6.18 and $4.93.
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Cosmos (ATOM) Price Overview
Cosmos (ATOM) has seen recent declines, with a weekly change of -13.27% and a monthly change of -12.42%. Despite this, it has risen by 58.13% over the last six months. Trading between $11.55 and $13.06, ATOM’s movement suggests stabilization after previous increases.
Support is noted at $10.79, with resistance at $13.81. While a base might be forming, caution is advised as indicated by the low Stochastic at 27.90.
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Uniswap (UNI) Price Fluctuations
Uniswap’s price has been volatile, ranging from $12.12 to $13.55 recently. Despite a weekly drop of 10.87% and a monthly decline of 11.72%, it’s up by 147.92% over the last six months. The current correction phase may see both ups and downs, with support at $11.30 and resistance at $14.16 signaling potential trends.
Also Read: Top 6 Altcoins to Invest $1 Million in by 2024
Jupiter (JUP) Trends and Outlook
Jupiter’s price has fluctuated between $1.39 and $1.94, increasing by nearly 13% over the past week and by almost 150% over the month.
With significant gains of over 4800% in the last six months, JUP appears corrective with an RSI of 30.63 and low Stochastic values. While potential growth is hinted at, caution is advised, with support at $1.04 and resistance at $2.14 and $2.69 to monitor.
In Summary
While cryptocurrencies like NEAR, ATOM, UNI, and JUP show promise for growth, their immediate potential appears somewhat restricted.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
