Exciting developments in the cryptocurrency market have caught the attention of many. Recent major listing boosts have driven POL’s impressive rise, while XRP experiences gains following the Grayscale XRP Trust. Discover which other altcoins may be poised for explosive growth in the near future. Dive into the details and uncover the next potential big movers in the crypto space.
POL (EX-MATIC)
POL, formerly known as MATIC, is demonstrating bullish momentum, with its current price ranging between $0.34 and $0.42, showing a solid 15% weekly increase. Despite a 60% drop over the past six months, the recent recovery signals strengthening bulls. The Relative Strength Index (RSI) sits at 77, indicating the asset may be overbought and could face resistance ahead. If the bulls manage to push past the $0.47 resistance, the next target would be near $0.54, offering a potential 29% gain. Key support rests at $0.31. Looking ahead, POL could experience growth up to 180% if the bullish momentum continues.
Ripple (XRP)
XRP is trading between $0.50 and $0.57, with mixed momentum suggesting limited bullish power. Immediate resistance is at $0.61, while support is at $0.46. A slight short-term upswing is indicated by the ten-day average being above the hundred-day average, but with an RSI of 59 and Stochastic nearing 80, there are signs of potential overbought conditions. If XRP surpasses $0.61, it could target $0.68, representing a 20% rise from its current low. However, the overall trend remains sluggish. That said, XRP could see potential growth of up to 140% if market trends shift favorably.
Fantom (FTM)
Fantom (FTM) is currently trading between $0.37 and $0.45, showing signs of weakness after a recent 26% weekly jump and a 29% monthly increase. Despite these gains, the bears still dominate with a 40% decline over the past six months. The RSI is below 50, reflecting weak buying pressure. Fantom must break through the $0.48 resistance to signal a stronger rebound, potentially pushing to $0.56, a 20% gain from the current high. If Fantom can regain its momentum, it could see a potential growth of up to 200%.
Stacks (STX)
Stacks (STX) is trading between $1.30 and $1.54, as bears maintain control for now. The price has struggled to rise above the 10-day moving average of $1.60. If bulls regain momentum and push STX to break the $1.67 resistance, it could eventually aim for $1.90, a 24% increase from the lower end of its current range. With support at $1.19 and $0.95, there’s a safety net to cushion further declines. While the RSI remains below 50, indicating weak buying pressure, STX could potentially see a growth of 150% if bullish forces take over.
Popcat (POPCAT)
Popcat (POPCAT) has been on a steep rise, climbing by nearly 240% over the last six months. Currently priced between $0.46 and $0.63, it sits just below a crucial resistance level at $0.71. A recent 23% weekly increase shows momentum, but the bulls have struggled to push beyond this barrier. With a Stochastic indicator suggesting further room for growth and an RSI of 54, there’s potential for a rally. If it surpasses $0.71, it could target $0.88, a 39% increase. Popcat could grow by up to 250% if it continues its upward trend and breaks past key resistances.
Conclusion
The recent surge in POL (formerly MATIC) and XRP, driven by major listings and the Grayscale XRP Trust, highlights the dynamic potential of these altcoins in the current market. POL’s bullish momentum, alongside XRP’s steady gains, positions them as attractive options for investors. Similarly, other altcoins like Fantom, Stacks, and Popcat are showing signs of significant growth potential, with key resistance levels offering opportunities for substantial gains. As the cryptocurrency market continues to evolve, staying informed about these developments could help investors capitalize on the next big opportunities in the altcoin space.
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/2024/09/pol-ex-matic-soars-after-major-listings-xrp-gains-after-grayscale-xrp-trust-explore-more-altcoins-ready-to-explode