Solana (SOL)
Solana has been trading between $163 and $193.78, showing steady growth with a notable monthly gain of 22.61%. Although there are signs of a slowdown in bullish momentum, as reflected by the RSI at 42.79 and the Stochastics at 31.52, this could be a good time to buy.
The nearest resistance is at $202.50 and a stronger level at $225.32, indicating a strong upside potential. Support levels at $156.86 and $134.04 offer strategic entry points for buyers. Solana’s performance remains strong and a potential dip could offer a profitable buying opportunity for those looking to take advantage of future growth.
Token (TON)
Toncoin (TON) has shown significant growth, surging 229.18% in the past six months. The coin is currently trading between $6.31 and $7.07 and is in a brief consolidation phase, with a slight drop of 0.37% in the past week and 10.72% in the past month. This minor correction could be a buying opportunity.
TON is approaching its nearest resistance at $7.53 with the potential to reach the second resistance at $8.28. The $6.01 and $5.25 support levels provide a safety net. Technical indicators with RSI at 65.80 and Stochastic at 86.89 indicate that the coin is overbought, indicating that a correction phase may be imminent.
Avalanche (AVAX)
Avalanche (AVAX) is a compelling option for investors, currently trading between $24.82 and $31.49. Despite recent declines — down 11% in the past week and 10% in the past month — the broader picture is promising. Over six months, AVAX has fallen 21%, making it ripe for a rebound.
Key resistance is at $35.55, while support is at $22.22. The 10-day average price is $26.37, and the 100-day average price is $27.41, suggesting that a break above these levels could spur further gains. Overcoming the first resistance level could lead to a significant surge, and the second resistance level could see a 50% increase to $42.22. AVAX appears to have a bright future.
Cardano (ADA)
Cardano (ADA) is another attractive option, trading between 38 and 44 cents. Although the market is seeing resistance around 48 cents, the relative strength index (RSI) currently at 46.72 suggests a possible upside. The slight weekly decline of nearly 2% and the monthly gain of over 2% suggest a positive trend.
Long-term investors may view a break above the 55 cent threshold (a 25% gain from the current range) as a signal of significant growth. ADA has found strong support around 34 cents, providing a safety net for investors. This is now a strategic entry point for those looking to capitalize on ADA’s long-term potential.
TRON (TRX)
TRON (TRX) is currently trading in the range of $0.127 to $0.1414. Although the bears are currently in control, there is still potential for growth. The nearest resistance is at $0.1445 and support is at $0.1278. The relative strength index (RSI) is 19.23, indicating oversold conditions, suggesting an imminent rebound.
A successful test above the $0.1445 resistance level could push the price to the next resistance at $0.1528, which could result in a growth of up to 8%. In the past month, TRX has gained 3.80%, and in six months, it has gained 11.91%. Although technical indicators are bearish, this could be an ideal time for investors to consider buying as a rebound from oversold conditions could result in significant gains.
