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With the value of Bitcoin falling significantly, savvy investors are taking the opportunity to strengthen their portfolios. This strategic accumulation has potentially lucrative results as the market anticipates a rebound. In this article, we look at three cryptocurrencies that are expected to see significant growth in the upcoming bull market: Avalanche (AVAX), Toncoin (TON), and TRON (TRX).
Avalanche (AVAX) is facing a downtrend but is looking at an impressive potential upside.
Avalanche (AVAX) has been in a significant downtrend, with a 1-month performance of about 16% and a 6-month decline of over 32%. AVAX is currently trading at $24.68, well below its 100-day moving average of $26.04, and its RSI is at 36, indicating a bearish sentiment. However, technical analysis suggests a possible bounce, with resistance levels at $31.49, $35.55, and a long-term target of $42.22. Reaching the first resistance level would see a gain of about 27%, while reaching the highest target would see a 71% surge from current levels, which could be a promising opportunity for strategic investors.
Toncoin (TON) Bears Dominate, But Strong Growth Potential Still Remains
Toncoin (TON) has seen a significant 21% drop in the past month, with the RSI showing a bearish dominance of 26. Nevertheless, TON’s 6-month performance shows a remarkable 214% gain, highlighting its long-term potential. Currently trading at $6.55, just below its 100-day moving average of $6.70, TON could bounce towards key resistance levels of $7.07, $7.53, and potentially $8.28. A break above the first resistance level could see an 8% upside, while a 26% upside could be achieved at the highest target. This presents an attractive opportunity for investors looking for a strategic entry point.
TRON (TRX) continues to decline, but signs of growth potential are appearing
TRON (TRX) experienced a slight decline of 4% last month and an 8% drop last week, which reflects a bearish trend with an RSI of 24. Currently trading at $0.1256, below its 100-day moving average of $0.1311, TRX is showing signs of recovery. Key resistance levels are $0.1415, $0.1445, and $0.1528. A break above the first resistance level could lead to a 13% upside, while a 22% upside could be achieved at the highest target. Despite the recent decline, TRX’s 6-month performance has shown a 5% increase, suggesting resilience and growth opportunities for discerning investors.
conclusion
In summary, the current market sentiment remains bearish on Avalanche (AVAX), Toncoin (TON), and TRON (TRX), but technical indicators and past performance suggest significant growth potential. AVAX could surge up to 71%, TON could see a 26% rally, and TRX has a potential upside of 22%. Strategic investors are closely monitoring these cryptocurrencies and are expecting a strong rebound in the impending bull market. The current price decline provides an attractive entry point, promising significant returns as the market recovers.
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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