Three Altcoins For The Next Crypto Rally ($SOL, $BNB, $WIF)

Three Altcoins Showing Future Promise

Among those boats are three altcoins that show much promise. Firstly, Solana ($SOL) is likely to pump into the latter part of the year, if the Firedancer validator client is integrated without major issues. Binance coin ($BNB) could potentially make hay as the bull market drives the retail crowd to the top exchanges; and Dog Wif Hat ($WIF) could maintain its run as the top performing memecoin for the last 12 months.

$SOL Breaks Out

Analysing $SOL in the daily time frame, it can be noted that a breakout has taken place on Monday. This is following the flipping of the $142 resistance into support on Sunday. With the short term Stochastic RSIs topping out, it remains to be seen if the $SOL price can remain outside the triangle pattern. $SOL would need to have a daily candle close above, in order to confirm this break.

Looking further out, $175 and $190 are strong resistance levels, before the local bull market high at $210, and the all-time high at $260. If Firedance is integrated without major snags, and it lives up to its lightning fast speeds and massive scaling improvements, reaching the all-time high would certainly be possible.

$BNB Bounces From Support - Now At Resistance

The $BNB price has bounced from the support level at $489, which also coincided with the rising 200-day moving average. Since then, $BNB has flipped $532 from resistance into support, and now, the price finds itself up against the $561 resistance. Given that short term time frame RSIs are topping out, a rejection from this resistance might be expected.

Either of the supports, or the 200-day MA could be bounce areas. Look for $BNB to break through the downward sloping trend line and the resistance at $583 over time. $BNB has already broken its all-time high, so price discovery awaits above $720.

$WIF Establishes A Support Floor

$WIF has come a long way down since achieving $4 at the end of May. However, $1.54 looks like being a relatively strong base for $WIF to make its way back up here.