Trio to Watch: Solana, Avalanche, and Hedera Gearing Up for the Next Rise

Three Layer-1 powerhouses are making headlines—Solana (SOL), Avalanche (AVAX), and Hedera (HBAR). Each of these blockchains is experiencing rapid growth, surging adoption, and game-changing developments, positioning them as key players in the next bull run.

Solana is smashing records, with its ecosystem hitting new all-time highs in DeFi activity. Four major firms—VanEck, 21Shares, Bitwise, and Canary Capital—have filed for a spot Solana ETF, a move that could bring massive institutional inflows to the network.

Avalanche continues its DeFi expansion, challenging Ethereum with high-speed transactions and lower fees. Its growing ecosystem and integrations with high-profile companies like DYOR are drawing both developers and investors, making it a strong contender for explosive growth.

Hedera is proving to be a dark horse in the market, with HBAR rallying over 85% in just a week and its market cap soaring to $5 billion. With a mainnet upgrade and new tokenization initiatives, Hedera is emerging as one of the most promising Layer-1 networks.

With institutional interest, network upgrades, and increasing adoption, could Solana, Avalanche, and Hedera be the top altcoins leading the next market surge? Let’s dive in.

Solana’s Price Shows Potential for Growth Amid Market Fluctuations

Solana (SOL) is trading between $222 and $265, experiencing a 6% dip over the past week but a 25% rise in the last month and a significant 66% increase over six months. The Relative Strength Index is at 47, indicating a neutral market. The nearest resistance levels are at $290 and $334, while support levels are at $203 and $160. The 10-day and 100-day simple moving averages are close, around $238 and $234, suggesting potential consolidation before a move. The stochastic oscillator is at 15, hinting at possible upward momentum. Despite recent fluctuations, these indicators suggest bullish potential.

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Avalanche (AVAX) Shows Signs of Potential Growth Amid Market Fluctuations

Avalanche (AVAX) is currently trading between $34 and $39. The Relative Strength Index (RSI) is around 57, indicating neutral momentum. Over the past six months, AVAX has climbed by over 50%. The Simple Moving Average for the last 10 days is close to $34, aligning with the 100-day average of about $34, suggesting stability. The nearest resistance level is at $42; surpassing this could see the price reaching towards $47. The nearest support level is around $31, providing a safety net against potential dips. Market indicators like a positive MACD level hint at possible upward movement. The NOW Wallet app offers a way to manage AVAX securely without registration.

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Hedera (HBAR) Nears Support Amidst Bearish Trends: Bulls Eye Potential Rebound

Hedera (HBAR) is currently trading between $0.2979 and $0.3598, showing a decline of nearly 6% over the past week. Despite this, the token has gained approximately 14% in the last month and a remarkable 435% over the past six months. The nearest support level is at $0.2738, while resistance stands at $0.3975. Technical indicators like the RSI at 40.32 and Stochastic at 10.53 suggest oversold conditions, potentially signaling a bullish reversal. If the price breaks above the resistance, it could target the second resistance level at $0.4593, representing a significant percentage increase from current levels.

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Conclusion

Solana, Avalanche, and Hedera each offer unique opportunities. Solana provides high-speed transactions and low fees, making it ideal for decentralized applications. Avalanche supports rapid confirmation times and interoperability between blockchains. Hedera focuses on security and enterprise solutions with its unique governance model. Investors looking to manage these coins can benefit from using the NOW Wallet app. It offers privacy and security without registration or custody of funds. Fiat-to-crypto operations are just a click away. The app supports storage and instant exchanges of thousands of tokens across major blockchains, along with built-in cross-chain swapping capabilities.

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