Amid the volatility of the cryptocurrency market, savvy enthusiasts can always find opportunities during downturns. The recent market pullback has provided a good opportunity for some promising altcoins to enter at lower prices. This article will focus on five cryptocurrencies that are expected to achieve significant growth in the future: Toncoin (TON), TRON (TRX), Avalanche (AVAX), Solana (SOL).
Toncoin (TON): A potential stock waiting to take off
Toncoin has performed well in the past six months, gaining 229.18%. Although the price has slightly corrected recently, this correction may provide an ideal entry point for enthusiasts. TON token is currently in a short consolidation phase, approaching its resistance level of $7.43, and once it breaks through, it is expected to climb further to $8.36. Its solid support levels are located at $6.11 and $5.25, providing a safety cushion for enthusiasts.
TRON (TRX): A recovery opportunity amid oversold prices
Despite the bearish sentiment TRX is currently facing, its potential growth cannot be ignored. The price fluctuates between $0.1241 and $0.1414. If it successfully breaks through the $0.1445 resistance level, it is expected to touch $0.1528, achieving a growth of about 8%. TRX has achieved positive growth in the past month and six months, showing some resilience. Although the current technical indicators are bearish, the oversold state may indicate an upcoming recovery.
Avalanche (AVAX): Rebound Potential After Big Drop
AVAX has experienced significant price volatility recently, but the long-term outlook remains positive. It's down 8% over the past week and 15.05% over the month, making it a prime candidate for a potential recovery. The key resistance level for AVAX is at $26.55, and if it is successfully broken, it is expected to start a sharp upward move, and it may even touch the second resistance level of $42.22, achieving a gain of more than 50%.
Solana (SOL): A buying opportunity amid solid growth
Solana has maintained a steady growth recently, with a monthly increase of 22.61%. Although technical indicators show that the bullish momentum may slow down, this is a good time for enthusiasts to consider entering. SOL's resistance levels are located at $202.50 and $225.32, while support levels are located at $156.86 and $134.04. This range provides enthusiasts with a clear operating space.
in conclusion
The pullback in the cryptocurrency market provides enthusiasts with a valuable opportunity to enter promising altcoins at lower prices. Coins such as Oncoin (TON), TRON (TRX), Avalanche (AVAX), Solana (SOL) have shown varying degrees of growth potential and value. However, caution is required and full understanding of market dynamics and coin fundamentals should be made before making a decision.
(Personal opinion, not a recommendation)
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