The surge in lesser-known cryptocurrencies often signals a market shift. As excitement builds in 2024, identifying the right picks can be crucial for traders. This article explores the timely emergence of this phenomenon and highlights several promising options to consider for potential growth. With the bull run unfolding, the focus is on strategic selection to navigate the rapidly evolving crypto space.
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Pyth Network Price Overview: What’s Next for PYTH?
Over the past week, Pyth Network (PYTH) has seen a price drop of about 17%, with a notable month-long decline near 39%. Despite this, PYTH is up by almost 44% over the last six months. Currently, the price is fluctuating between $0.51 and $0.67. The price shows no clear impulsive or corrective trend but is caught in broader price swings.
Looking ahead for Pyth Network, the price could struggle to climb past the nearest resistance at $0.77. If it does, the next hurdle lies at $0.93. However, if the price falls, there’s support at $0.45 and another at $0.29 that may hold. With the RSI and Stochastic indicators showing neither overbought nor oversold conditions, PYTH could see both growth and retreats with market sentiment as a driving force.
NEAR Protocol Price Stability with Growth Potential
NEAR Protocol, a cryptocurrency, is trading between $6.38 and $7.68. Over the past week, its value grew by 4.61%, but in the last month, it fell by 3.43%. After soaring by 405.83% in the past six months, the price shows signs of both gain and rest. It’s moving cautiously, hinting at a balanced mix of ups and downs in the market.
NEAR could advance towards the first resistance at $8.31 and then, possibly, the second at $9.61. On the downside, if it breaks below $5.71, the next key level is $4.41. The current indicators suggest NEAR isn’t overbought or oversold, giving room for varied market moves. While the past growth impresses, traders should watch for both progress towards resistance and dips to support levels.
Polygon (MATIC) Price Analysis and Insights
Over the past week, Polygon, known as MATIC, has seen a slight decline of 2.10%. The past month showed a more significant decrease, with prices dropping by 29.54%. However, looking back six months, MATIC has gained 9.90%. Presently, MATIC is trading between $0.68 and $0.76. The coin currently shows no strong direction, hovering around the lower end of the price range and suggesting a corrective movement.
For the price outlook of MATIC, cautious optimism seems key. With the present range bound between the nearest support at $0.64 and resistance at $0.81, the coin may test these levels soon. The lesser strength in current trends, indicated by a low MACD and a Stochastic value of 25.92, could suggest potential for an upward reversal, yet it also warns of instability. The blend of technical indicators presents a mixed sentiment, which might lean towards recovery if the cryptocurrency market favors altcoins like MATIC.
Conclusion
The current bull run suggests that investors are keen to identify cryptocurrencies with strong potential for growth. Among the multiple options, PYTH, NEAR, and MATIC might appear enticing but might not provide substantial short-term growth. Instead, BlastUP stands out as a promising choice due to its innovative concept and integration within the Blast ecosystem. It shows significant promise for growth, positioning it as an attractive investment.
Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io
The post When Will the Altcoin Season Start and Which Cryptocurrencies to Buy Beforehand? appeared first on Crypto News Land.
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