The altcoin market may usher in a bull run. Here are four altcoins worth paying attention to:
ETH (Ethereum)
Ethereum has performed well recently, even surpassing Bitcoin. Its price has climbed to $2,500 and is expected to continue to rise, with a potential target price of $5,800 or even $7,000. This optimistic expectation is mainly based on falling interest rates and increased ETH staking activities. Of course, Ethereum may encounter resistance and volatility during the rise, and the price may pull back to $2,000, but then it is expected to break through new highs. For long-term investors, this may be a rare buying opportunity.
SOL (Solana)
Solana's mainnet has successfully launched an early version of the new validator client Fire Dancer, and this news is seen as a positive sign for the network. Solana's price has soared 150% and is expected to reach $200 in the future. Although there may be consolidation or a small decline in the process, the overall trend is still upward.
IMX
IMX price has broken out of the consolidation range but has yet to conquer the key resistance zones of $1.56 and $1.62. This makes these two price levels particularly important. With the significant increase in the trading volume of the platform, the volatility of the IMX token is also relatively high. Currently, bulls and bears are fighting fiercely for market dominance.
TIA
TIA price has recently achieved a breakout, rising by more than 30% to a monthly high of about $6.5. However, after the fierce game between bulls and bears, the bears managed to limit the rise below $5.9. This suggests that TIA price may see a small correction. Despite this, the selling pressure is still below average, indicating that the overall trend remains bullish. The correction is expected to be between 10% and 12%, and the price may fall back to around $5 by the end of the month.
