Brazil has signaled a major shift in the crypto market with the approval of a Solana ETF. This development could lead to a increase in Solana-based altcoins, potentially surpassing Ethereum in value.
The article explores the coins poised for growth and how this decision impacts the larger cryptocurrency landscape.
What you'll learn 👉
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Solana Shows Promise Amid Market Slump: Bulls May Take Charge Soon
Solana’s price is currently in the range of $115 to $177.76. Despite the recent 24%-30% drop in Bitcoin and Ethereum prices, Solana has shown resilience with a one-month increase of over 11%. The nearest resistance level is at $217.24, while the nearest support is at $91.94.
With a six-month surge of 44%, it’s an ideal time to find opportunities. If bulls take charge, Solana could rise to $217.24 and higher, representing close to a 50% increase from current levels. The market indicators suggest potential growth as the bulls eye these targets.
Jupiter (JUP) Shows Strong Potential Despite Market Dips
Jupiter (JUP) is currently trading between $0.65 and $1.11. The coin has shown resilience even as Bitcoin and Ethereum have dropped significantly. JUP’s short-term movement has seen a drop of 14.20% in the past week, but it remains up by 11.64% over the past month and a strong 74.53% over the past six months.
With the nearest resistance level at $1.40 and support at $0.48, JUP has room to grow. If bulls take charge, JUP could potentially rise by about 26% to $1.40 initially and possibly up to $1.85, marking a substantial gain from current levels. This dip could be seen as an opportunity for new investment.
Popcat (POPCAT) Shows Resilience Amid Market Dip, Bulls Set to Charge
Popcat (POPCAT) is currently trading between $0.30 and $0.76, showing strong recovery potential. Despite Bitcoin and Ethereum’s drops of 24-30%, POPCAT has only slid 11.47% in the past week, holding firm with a current 10-day average of $0.63. On the month, it surged by nearly 23%, marking an impressive 8175.09% rise over the past six months.
With support at $0.12 and resistance levels at $1.06 and $1.52, POPCAT shows room for growth. Reaching resistance could push it up to the $1.52 mark, marking a potential 100% rise from its current highs, making it an attractive opportunity during this dip.
Ponke (PONKE) Shows Resilience: What the Future Holds for Bulls and Bears
Ponke (PONKE) is currently trading between $0.18 and $0.52. Despite a recent dip, with a one-week price change of -19.03% and a one-month decline of -7.12%, its six-month growth of 296.84% suggests strong potential. The next resistance level sits at $0.74 and the support at $0.06.
With a 10-day Simple Moving Average at $0.40 and 100-day average at $0.34, Ponke is still above its long-term trend line. Analysts believe it can rise towards $1.08, a potential increase of over 100%. Despite Bitcoin and Ethereum’s recent drops, this dip could be the ideal time to find opportunities in Ponke.
Conclusion
SOL, JUP, POPCAT, and PONKE show less potential in the short term. The focus shifts to CYBRO, a top DeFi platform on the Blast blockchain. CYBRO provides investors with advanced earnings opportunities through AI-driven yield aggregation. It offers rewarding features like attractive staking rewards, exclusive airdrops, and cashback on purchases.
With seamless deposits and withdrawals, CYBRO ensures an exceptional user experience. The platform emphasizes transparency, compliance, and quality, making it a standout project. Interest from crypto whales and influencers underscores its promise.
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