It’s time for altcoin season to begin!
As the bull market continues in 2024, it is a moment of considerable interest to cryptocurrency enthusiasts. Observers are eager to pinpoint the exact start of the highly anticipated altcoin season, a period when alternative cryptocurrencies soar in value. This article takes a closer look at the signals and triggers that signal the start of this exciting phase in the cryptocurrency market, providing insight into the period ahead and potential catalysts for a thriving altcoin ecosystem.
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Solana price is nearing the main resistance, Bulls Eye $200.
Solana is seeing rapid price growth. Last week it rose close to 9%, and in a month it rose just over 10%. In the long term, the past six months have seen significant growth, with SOL prices soaring more than 200%. Currently, SOL is trading between $146.59 and $184.77. RSI and Stochastic values indicate that the stock is neither overbought nor oversold, and is approaching the key resistance level of $199.54. The coin’s movement appears to be in a growth phase rather than a correction. If momentum continues, SOL could break resistance and target the $200 level.
Mantle (MNT) price sees mixed signals amid market action.
The Mantle (MNT) price is currently hovering between $0.91 and $0.99. Recently, it showed a slight upward trend, rising 0.80% last week. However, if you look at the broader term, it is down 18.35% over the past month. On the positive side, it has seen significant gains over the past six months, up 97.91%. The price appears to be currently in a correction phase, with recent movements suggesting a cooling off from previous gains. The coin is hovering below its 10-day and 100-day simple moving averages (around $1.01-$1.02), which suggests it may struggle to recover higher prices in the near term. RSI and Stochastic indicate that MNT is not in overbought territory, which could potentially attract buyers looking for an undervalued entry point. Levels to watch are resistance at $1.05 and $1.13, and support at $0.88 and $0.80.
Ethereum Price Analysis: Bulls Take Control
Ethereum price is currently showing strong movement, trading between $2,894.30 and $3,215.93. With a significant increase of 24.59% over the past week and 18.08% over the past month, the momentum clearly lies with the buyers. The price has risen significantly by 81.59% over the past six months, indicating a long-term upward trend. Facing the next challenge, ETH approaches the resistance level of $3,361.08, with a potential rally to $3,682.72 if the bullish trend continues. However, if the price falls, support awaits at $2,717.80 and additional cushion lies at $2,396.16. The RSI is near the middle, suggesting a balanced market sentiment at the moment, while the Stochastic is below a typical buying zone, suggesting a potential upside ahead. Current indicators and price action suggest that Ethereum is in an impulsive phase, with recent price changes suggesting a strong upward trend.
NEAR Protocol Price Trend and Future Outlook
NEAR has seen significant gains over the past six months, jumping 320.17%. Last month, it increased by 9.54%, which is a positive sign. However, it fell slightly to 4.37% the previous week. Currently, the price of NEAR is moving within the range of $6.71 to $8.68. Market indicators suggest that NEAR is not currently making impulsive or corrective moves. With its relatively stable moving averages, NEAR could soon test the nearest resistance level at $9.59. If it can break through, the next target could be the $11.56 level. Support levels to watch are $5.65 and $3.68 if a downtrend develops.
conclusion
Altcoin season is a time of strong performance for cryptocurrencies beyond leading Bitcoin. Projects like SOL, MNT, ETH, and NEAR may not offer the best near-term potential compared to other projects. Among these, BlastUP stands out due to its innovative concept and integration within the larger Blast ecosystem. This particular project is considered to have the highest potential, making it a notable option for those interested in the current bull market.
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