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The upcoming bull market of 2024 gives hope to several Solana-based cryptocurrencies. This article highlights three digital assets that are poised for significant growth. Find out which coins are ready to shine and lead the excitement in the next major market surge, captivating crypto enthusiasts and investors alike. Get ready to explore the top contenders that are ready to soar.
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BONK Market Uncertainty and Difficulties: Bull Market Waiting for a Break
Bonk (BONK) is currently trading between $0.0000156 and $0.0000219, facing some downward pressure but with promising potential. The 10-day simple moving average is $0.0000177 and the RSI is at 39.77, indicating that the coin may be oversold, so there is a chance of a bullish reversal. If BONK can break the nearest resistance level of $0.0000250, it could potentially reach the next resistance level of $0.0000313, which would represent a gain of around 43% from its current high. Despite a 33.70% drop in the past month, the coin has shown a solid 35.67% growth in the past 6 months, highlighting the potential for a significant rebound as market conditions improve.
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POPCAT Bears Show Strength Despite Price Plunge
POPCAT (POPCAT) is currently priced between $0.31 and $0.72, and while it is going through a difficult time, it is also an interesting opportunity. Despite a 29% drop last week and a nearly 42% drop this month, POPCAT could make a strong recovery if it breaks the $0.90 resistance level. A successful breakout of this level could lead to the next resistance level at $1.32, which represents a potential triple-down from the lows. The short-term outlook may seem cautious, but POPCAT’s impressive six-month growth highlights the potential for a strong rebound if market conditions turn in its favor.
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Jupiter (JUP) is showing signs of bearish momentum amid a rough road ahead
Jupiter (JUP) is currently trading between $0.66 and $0.92 and is going through a difficult market environment. The coin is down 15% in the past week and is trading below its 10-day and 100-day moving averages, but still has significant upside potential. The RSI of 42.76 suggests a bearish situation, but if Jupiter can reverse and break above its nearest resistance level of $1.04, it could rally to $1.30, which would represent a 50%+ upside. Despite the possibility of a drop to the support level of $0.27, Jupiter’s current position offers significant upside potential if the market experiences a positive turnaround.
conclusion
As the bull market of 2024 begins, three Solana-based tokens show promising potential. These coins, Solana, Serum (SRM), and Raydium (RAY), are expected to lead the pack. Solana continues to perform strongly with its fast transaction times. Serum, with its innovative decentralized exchange, is gaining attention from traders. Raydium’s liquidity and yield farming features make it a popular choice. These tokens show significant potential for impressive growth during this period.
Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.
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