The altcoin market is buzzing with potential as several coins show signs of skyrocketing. As the next bull market looms, investors keen on discovering the next big gains will be eager to learn about five cryptocurrencies set to surge. This article promises to unveil those hidden gems ready for significant growth.
Tezos (XTZ)
Tezos (XTZ) is currently trading between $0.56 and $0.73, and it’s primed for a potential breakout despite recent fluctuations. The coin has shown resilience with a small 5% rise in the past week, hinting at a possible turnaround. With a solid support level at $0.47 and a key resistance just below $0.80, XTZ is positioned for substantial gains. If it can overcome the $0.79 resistance, we could see it reaching $0.96, representing an exciting potential increase of around 30%. With an RSI of 53.56 indicating balanced market conditions, XTZ is well-positioned for a strong rally if bullish momentum continues.
Helium (HNT)
Helium (HNT) is currently priced between $4.03 and $7.52, and it’s showcasing impressive growth potential. With a recent surge of 56.62% in just one week and a remarkable 121.66% increase over the past month, HNT is demonstrating robust bullish energy. Although the RSI at 55.51 shows moderate interest, the coin is trading above its moving averages, signaling a solid foundation. If Helium breaks through the $8.98 resistance, it could potentially soar to $12.47, offering a substantial upside. The current positive momentum suggests that HNT is on the verge of a significant breakout.
Sui (SUI)
Sui (SUI) is trading between $0.57 and $1.07, and it has shown signs of a powerful rebound in recent weeks. Despite a notable 50% drop over six months, SUI has impressively bounced back with a 50% increase this past week. The RSI of 36.72 and MACD level of -0.01 suggest room for improvement. If Sui can break through the $1.26 resistance, it has the potential to rise to $1.76, representing an exciting 65% increase. The strong recent performance and bullish indicators point to a significant opportunity for SUI if the upward momentum continues.
Jupiter (JUP)
Jupiter (JUP) is currently trading between $0.66 and $0.92, and despite recent volatility, it is positioned for substantial gains. With a remarkable 62.58% rise over the past six months, JUP has shown strong long-term growth. Although recent short-term gains have been modest, breaking the $1.04 resistance could trigger a substantial rise to $1.30, offering a potential 54% increase. The proximity of the 10-day and 100-day moving averages indicates stability, and with the right momentum, Jupiter is set for a significant upward trajectory.
Kaspa (KAS)
Kaspa (KAS) is trading between $0.13 and $0.18, and it shows promising signs of a major breakout. The coin has recently gained 7.52% over the past week, indicating growing bullish interest. With the current support around $0.17 and resistance at $0.20, KAS is on the brink of a potential surge. If it successfully breaks through the $0.20 resistance, the price could climb to $0.25, reflecting an impressive 38% increase. The RSI at 66.30 suggests strong bullish conditions, and if this momentum continues, Kaspa could experience a significant upward movement.
Conclusion
As the altcoin market gains momentum, five cryptocurrencies are poised for significant gains during the next bull run. Tezos (XTZ) could see a 30% increase if it breaks $0.79. Helium (HNT), with strong recent growth, may surge to $12.47 if it clears $8.98 resistance. Sui (SUI) could rise by 65% if it surpasses $1.26, building on its recent rebound. Jupiter (JUP) has potential for a 54% increase if it breaks $1.04. Finally, Kaspa (KAS) could experience a 38% surge if it clears $0.20 resistance. These altcoins are strong contenders for significant returns.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2024/08/explore-new-horizons-in-the-altcoin-market-5-cryptocurrencies-poised-for-25x-gains-during-the-bull-party