The crypto landscape is constantly evolving, and with the anticipated Bull Run of 2024, certain coins stand out with the potential to soar in value. Identifying these opportunities is key for anyone looking to make strategic investments. This article singles out cryptocurrencies that are poised to see significant growth, offering a closer look at the reasons behind their potential rise.
What you'll learn 👉
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Polygon (MATIC) Current Price Trends and Forecast
Polygon’s price is between $0.96 and $1.07 right now. In one week, it fell 11%, and in one month, it dropped 21.57%. But, it went up by 59.22% over 6 months. The moves are mixed. Short-term, they’re corrective, since prices are down lately. Long-term, there’s been an impulsive rise because prices are way higher than 6 months ago.
The nearest support is at $0.91, while resistance is at $1.14. If buyers push hard, it could hit $1.25. But if it falls, it may find a floor near $0.80. The RSI and other signals are middle-ground, suggesting no strong trend. MATIC looks steady but could swing either way based on market news or trends.
NEAR Protocol: Bounce or Break? Price Movements in Focus
NEAR Protocol has seen noticeable price action with a one-week drop of about 8%. Over the past month, however, it has jumped over 50%. An impressive six-month rally has taken it up by over 500%. Currently, NEAR floats between $6.74 and $7.98. Movement is more corrective following the recent highs.
Looking ahead, NEAR could aim for its nearest resistance of $8.67 if momentum picks up, but obstacles stand firm at the second resistance of $9.91. On the downside, protection at $6.18 may cushion falls, with a stronger safety net near $4.93. Balancing hope with caution, NEAR’s journey will depend on market sentiment and adoption progress.
Jupiter’s Current Trends and Outlook
Jupiter’s price is currently fluctuating between $1.39 and $1.94. In the past week, it’s increased by almost 13%. On a monthly basis, the uptrend is more pronounced, with an impressive surge of nearly 150%. The six-month data shows an astonishing rise of over 4800%. Looking at the indicators, with an RSI of 30.63 and a very low Stochastic value, JUP appears to be in a corrective phase after recent significant gains.
Despite the recent price correction, Jupiter’s strong performance in the past months hints at potential growth. The next resistance levels at $2.14 and then $2.69 may be tested if buyers return. However, the low Stochastic and MACD close to zero suggest the possibility of further corrections. If JUP breaks below the nearest support at $1.04, it could retest lower supports at $0.49.
Polkadot (DOT) Price Movement and Insights
Polkadot has seen a significant rise over the past six months, with its price jumping 107.62%. However, more recently, DOT has faced a downturn, decreasing by 10.49% this past week and 14.30% over the last month. The current price fluctuates between $9.27 and $10.04. The movement seems more corrective lately as the price is adjusting from previous gains.
Looking ahead at Polkadot’s trajectory, the price might encounter resistance at $10.43 and stronger resistance at $11.20. If it goes down, it has support at $8.89 and stronger support at $8.12. With a Relative Strength Index (RSI) close to the middle range, DOT may steady for a while. Taking both bullish and bearish signals into account, the coin could still experience growth but might also face further adjustments as the market responds to various factors.
Conclusion
The reviewed coins including MATIC, NEAR, JUP, and DOT might not jump in value quickly. They could be less exciting in the short run. The attention should be on BlastUP. It is part of the wider Blast ecosystem and stands out with its strong concept. BlastUP is seen to have the highest potential for a significant value increase.
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