As the next wave of cryptocurrency craze arrives, certain alternative currencies are poised to experience significant growth. Some experts predict that the price of some digital currencies could surge as much as 5,000%. This article highlights three promising alternative currencies that are poised to lead the upcoming bull market. Find out which coins could bring significant returns in the near future.
Solana’s Upward Momentum Signals Potential Breakout Levels
Solana (SOL) is experiencing significant growth with the price ranging between $171.73 and $231.96. The price has surged by 42.65% in the past week and 53.73% in the past month. The relative strength index (RSI) is at 67.24, which suggests strong buying momentum. The price is close to the nearest resistance at $253.76. If this level is crossed, the next target could be $314.00. The 10-day and 100-day simple moving averages are at $220.77 and $207.23, respectively, reflecting an uptrend. The positive MACD level of 2.67 suggests continued bullish momentum. Solana’s strong performance is likely to continue if it breaks above the critical resistance levels.
NEAR Protocol surges 57% in a week, testing key resistance levels
The price of NEAR Protocol has surged 57% in the past week and is currently trading between $3.84 and $5.28. This strong rebound has brought it close to the resistance level at $5.84. The 10-day moving average is $5.61, which is above the 100-day moving average at $4.79, indicating strong upward momentum. The relative strength index is 63.40, indicating strength but not yet overbought. If NEAR breaks above $5.84, it may target the next resistance level of $7.28, which may increase its value by about 25%. Despite the recent gains, the price is still down 29% in the past six months. Traders are watching to see if the bullish trend will continue.
Credit Suisse (SUI) Eyes Next Resistance Level After Strong Gains This Week
Sui (SUI) has seen significant gains recently, rising 71.38% over the past week and 41.34% over the past month. It is currently trading between $2.17 and $3.53, near its nearest resistance at $4.02. A break above this resistance would put SUI on track to break above the second resistance level at $5.38, which would imply a potential upside of around 52% from current prices. The 10-day simple moving average of $3.15 is above the 100-day average of $2.77, indicating good momentum. The relative strength index (RSI) is at 51.80, indicating that the asset is neither overbought nor oversold. With these indicators, SUI's price action is one to watch, with the upside expected to continue.
