- FTM introduces Sonic tokens, unlocking new applications and enhancing the blockchain ecosystem.
- PEPE holds strong support at $0.173, signaling potential recovery with market improvement.
- UNI shows stability and upward momentum, with a chance to break key resistance levels.
Some altcoins show promise for a recovery like Solana’s remarkable recovery in 2023. New upgrades, stronger ecosystems, and market movements are fueling their potential. FTM, PEPE, and UNI stand out as strong contenders for this growth. Let’s dive into why these three could mirror Solana’s success.
Fantom (FTM) Introduces Sonic Tokens
Source: Trading View
Fantom has rebranded as Sonic Labs and launched the Sonic Protocol on the mainnet. Known for fast and low-cost transactions, Fantom is evolving to stay competitive. Holders can upgrade tokens to the new Sonic tokens at a 1:1 ratio through a simple portal. This upgrade is reversible for 90 days before becoming permanent. The Sonic Protocol unlocks new apps and aims to strengthen the Fantom ecosystem.
Pepe (PEPE) Trades Near Crucial Support
Source: Trading View
Pepe Coin has dropped 33% from the monthly high during the meme token correction. Despite this, the token trades at $0.173, a key support level. Bollinger Bands show this price as a support boundary, sparking a possible reversal. The Relative Strength Index sits at 44, close to oversold conditions. If market sentiment improves, buyers could step in and drive PEPE toward recovery.
Uniswap (UNI) Signals Growth Potential
Source: Trading View
Uniswap’s price ranges between $14.40 and $19.33, showing stability despite market fluctuations. The 10-day moving average is below the 100-day average, signaling upward momentum. With a Relative Strength Index of 33.15, Uniswap appears oversold, hinting at a rebound. Breaking resistance at $21.62 could push the price higher toward $26.55. Over the last month, Uniswap gained 25.86%, raising hopes for more growth.
Fantom’s Sonic Protocol upgrade brings new features and applications. PEPE holds above strong support, showing potential for recovery. Uniswap’s price stability hints at upward momentum with key resistance levels in sight. These three altcoins could follow Solana’s 2023 recovery trajectory.
The post 3 Altcoins Poised to Replicate Solana’s 2023 Recovery appeared first on Crypto News Land.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed