After a recent dip in the crypto market, investors are on the lookout for the next big opportunities. Certain coins are showing promise and could be poised for significant growth. This article unveils three top contenders that might see a strong rebound in the upcoming bull market, sparking future gains. Discover which coins are set to rise.
XRP
Despite facing some resistance, XRP is showing promising signs for a rebound. Currently trading between $0.53 and $0.61, there’s a clear tug-of-war between buyers and sellers. However, the bulls could push the price higher, especially if it breaks through the resistance at $0.64. A successful close above this level could pave the way for a rise to around $0.72, representing an increase of over 15%. On the downside, strong support around $0.49 provides a safety cushion for investors. With the RSI near oversold territory at around 34, the conditions are ripe for a potential bullish turnaround. While XRP has seen an 11% decline over the past six months, the current market setup suggests a rebound may be just around the corner.
Kaspa (KAS)
Kaspa (KAS) is another coin worth considering for accumulation. Trading between $0.15 and $0.18, KAS is in the midst of a battle between buyers and sellers. While the bulls face resistance at $0.20, the coin has shown steady growth with a 14% rise over the past six months. Should momentum pick up, breaking the $0.20 mark could see the price target $0.23, representing a potential 50% gain from its lower range. While current indicators suggest the market needs a stronger push, the overall outlook remains positive for those willing to hold through the market’s ups and downs.
Fantom (FTM)
Fantom (FTM) has been a standout performer recently, with a nearly 47% increase this month alone. Currently trading between $0.44 and $0.55, the coin’s bulls are eyeing the $0.60 resistance level. If they manage to break through, FTM could surge to $0.71, offering a potential 29% gain. Although the bears have kept the price near its $0.37 support, the coin’s impressive short-term performance suggests that it’s on the brink of a breakout. With the RSI in a neutral zone, Fantom is poised to tip the scales in favor of the bulls, making it an attractive option for accumulation as the market prepares for the next bull run.
Conclusion
In light of the current market uptrend, several notable coins present attractive accumulation opportunities. XRP continues to gain traction due to its strong institutional support and partnerships. KAS impresses with its innovative approach to transaction speeds and fees. FTM stands out for its advancements in smart contract capabilities and growing ecosystem. These coins are well-positioned to benefit from the ongoing bull market, making them noteworthy options for investors looking to capitalize on potential growth.
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/post-dip-opportunities-best-3-coins-to-accumulate-before-the-bull-market-rebounds