In a market that’s ripe for growth, a crypto expert has identified Solana as a standout for its undervalued status. With the bull run of 2024 unfolding, this prediction puts a spotlight on cryptocurrencies that promise significant potential. The article ahead delves into the reasoning behind this claim, exploring why some cryptos, seemingly overlooked now, could soon outperform their peers. Readers eager to grasp market dynamics will find valuable insights on the currencies expected to excel in the flourishing crypto environment.
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Solana Price Nears Key Resistance, Bulls Eye $200
Solana is witnessing a strong rise in price. Over the past week, it went up by nearly 9%, and within a month, it increased by just over 10%. Long-term, the past six months have shown significant growth, with the price of SOL jumping more than 200%. Currently, SOL is trading between $146.59 and $184.77. It is approaching a key resistance level at $199.54, with the RSI and Stochastic values suggesting neither overbought nor oversold conditions. The coin’s movements appear to be in a growth phase, rather than correcting. If the momentum persists, SOL could break past the resistance and aim for the $200 mark.
Pyth Network Price Fluctuation Analysis
The price range for Pyth Network (PYTH) is between $0.35 and $0.44. PYTH faced a decrease of 2.62% over the past week. In the last month, its value dropped by 36.50%, suggesting a downward momentum, but it’s up by 14.59% over the past six months. The technical indicators show a simple moving average (SMA) of $0.44 over 10 days and $0.45 over 100 days. The Relative Strength Index (RSI) is at 35.73 and the Stochastic at 25.98, both hinting that the coin might be in the oversold territory, meaning more sellers than buyers recently. MACD Level is slightly negative at -0.01. PYTH is currently in a corrective phase, with the main challenge being to break the resistance at $0.50 and later, potentially aiming for $0.60. Support levels are at $0.32 and $0.22, which investors will watch if the price declines.
NEAR Protocol Price Movement and Future Outlook
NEAR has seen a significant rise over the last six months, jumping 320.17%. In the past month, it grew by 9.54%, which is a positive sign. However, it witnessed a slight dip of 4.37% in the previous week. Currently, NEAR’s price is moving within a range of $6.71 to $8.68. The market indicators suggest that NEAR is neither in an impulsive nor corrective move currently. With a relatively stable moving average, NEAR may soon test the nearest resistance level at $9.59. If it can break past this, the next target could be the $11.56 level. Support levels to watch lie at $5.65 and then at $3.68 if a downward trend develops.
Ondo Coin Price Movement and Forecast
Ondo’s price has grown a lot in the past six months, by over 3000%. In the last week, it went up almost 14%, and this past month, it increased by about 22%. The price moves between $0.73 and $1.05 right now. It seems to be moving in a regular pattern, not too fast or slow. The coin might face trouble going above $1.20 and could fall to $0.57 if it goes down. If it goes down a lot, it could even reach $0.26. But if it does well, it could try to go up to $1.52. The price is usually around $0.97 to $0.94, based on recent averages. The RSI, which tells if something is bought too much or sold too much, is at 50.18, meaning it’s pretty balanced. The Stochastic and MACD hint that the coin might not change much in price soon.
Conclusion
SOL, PYTH, NEAR, and ONDO might not surge immediately, but they are expected to grow. BlastUP, part of the Blast ecosystem, stands out with the strongest potential for the upcoming growth period. Its unique concept positions it to possibly increase in value more than the others.
Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of CryptoNewsLand, nor is it intended to be used for legal, tax, investment, or financial advice.
The post The Fair Price of Solana Should Be Much Higher, According to a Crypto Expert: Discover the Most Undervalued Cryptos Set to Shine in the Upcoming Bull Run appeared first on Crypto News Land.
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