The altcoin market continues to show mixed momentum, with each coin presenting unique opportunities and risks. Here's an overview of Solana (SOL), Fantom (FTM), PEPE, and Kaspa (KAS) based on their recent chart movements.
1. Solana is steady Within an Ascending Channel
Current Price: $257
Solana remains bullish, moving steadily within an ascending channel. However, a short-term correction signal is forming, with immediate support at $246 and strong support at $222.
Resistance Outlook: A breakout above $262 could push SOL to $280 or higher.
RSI Insights: Neutral, but traders should watch for pullbacks to gain better entries.
2. Fantom is pullback Likely After Recent Rally
Current Price: $0.88
Fantom has recently hit a strong resistance level at $0.96 after breaking out of its pattern. A pullback is highly possible, with support levels at $0.85 and $0.80, offering potential entry points.
Resistance Outlook: A breakout above $0.96 could target $1.00+.
RSI Insights: High, signaling potential cooling before the next move.
3. PEPE is struggling Below Key Resistance
Current Price: 0.00000207
PEPE has broken below its ascending channel, signaling potential downside. Immediate support lies at 0.00000148, while stronger support is at 0.00000113.
Resistance Outlook: Recovery above 0.00000220 is needed to regain bullish momentum.
RSI Insights: Neutral, with corrections likely. Watch for bounces near key support zones.
4. Kaspa is testing Descending Channel Resistance
Current Price: $0.16
Kaspa is testing the descending channel resistance near $0.16. A bullish breakout could push it toward $0.18 or higher.
Support Outlook: Key levels to watch are $0.15 and $0.14, with strong support at $0.10.
RSI Insights: Neutral, with a retest of lower supports possible before a confirmed breakout.
Key Takeaways for Traders:
Solana and Fantom remain bullish in structure but might see short-term pullbacks.
PEPE faces downside risks, making support levels critical for recovery.
Kaspa is at a crucial resistance point, with potential for a breakout.
Stay cautious and monitor RSI levels and key price zones for better trade setups. Altcoins remain highly volatile, so managing risk is essential. 🚀
#CryptoNewss #SolanaUSTD #FTM #pepe⚡
