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Top 5 Altcoins to Accumulate Before the 2024 Bull Market Take Off: Expert Picks and Potential Surge Levels

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As anticipation mounts for a significant upswing in the cryptocurrency market projected for 2024, some alternative coins are emerging as potential breakout stars. Experts in the industry have identified five altcoins that could see remarkable growth. This article delves into these digital assets, examining their potential surge levels and why they might be essential additions to investment portfolios before the bull market takes off.

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Solana Shows Steady Growth Potential Amid Upward Price Movement

Solana (SOL) has been trading between $153.50 and $174.52, showing a steady upward trend. Over the past week, its price has increased by over 13%, and over the past month by nearly 21%. The nearest resistance level is at $181.71, and if SOL can surpass this, it may target the next resistance around $202. The Relative Strength Index (RSI) is above 64, suggesting the asset is approaching overbought territory. However, the 10-day Simple Moving Average is above the 100-day SMA, indicating positive momentum. Overall, Solana shows potential for continued growth.

Ethereum Nearing Oversold Territory: Will Support at $2337 Hold for a 16% Rebound?

Ethereum’s price is currently ranging between $2541.71 and $2853.86, showing a slight downward trend with a 1-week change of -3.04% and a 1-month change of -4.40%. The Relative Strength Index is at 44.83, suggesting the asset is approaching oversold territory. If the price holds above the nearest support level at $2337.10, there’s potential for a rebound toward the nearest resistance at $2961.40, which would be an increase of about 16%. However, if bearish momentum continues and the price breaks below support, it could test the second support level at $2024.95.

BNB Nears Resistance Levels: Technical Indicators Point to Potential Rise

BNB is trading between $581.53 and $618.53, approaching its resistance level at $631.27. The Relative Strength Index is at 56.57, indicating moderate buying pressure. The 10-day and 100-day Simple Moving Averages are close, at $590.34 and $593.98, showing the price is near its recent averages. If BNB breaks above the resistance, it could target the next level at $668.27, which would be an increase of about 11%. However, recent price changes over the past week and month show slight declines of -1.60% and -2.26%. Technical indicators like the MACD at 1.25 suggest potential upward movement.

TRON (TRX) Nears Resistance After Strong Gains, Will the Rally Continue?

TRON (TRX) has risen strongly lately, now trading between $0.15398 and $0.16118. In the last 6 months, the price increased by 36.33%. The coin is close to its next resistance level at $0.16575. The Relative Strength Index (RSI) is very high at 78.17, indicating overbought conditions. The Stochastic indicator is also at a high level of 96.31, hinting that a pullback might happen. However, the MACD is positive at 0.00094, showing upward momentum. If TRX breaks above $0.16575, it might reach the next resistance at $0.17295, which would be a further gain. If it doesn’t, the price could fall back towards the support at $0.15135.

Conclusion

As the 2024 bull market gains momentum, traditional altcoins like SOL, ETH, BNB, and TRX may offer limited short-term growth. In contrast, CYBRO emerges as a standout opportunity. This advanced DeFi platform enables investors to maximize earnings through AI-powered yield aggregation on the Blast blockchain. Offering attractive staking rewards, exclusive airdrops, and cashback on purchases, CYBRO delivers an exceptional user experience with effortless deposits and withdrawals. Committed to transparency, compliance, and quality, CYBRO has captured significant attention from influential crypto investors and industry leaders. It represents a promising venture for those looking to capitalize on innovative technologies in the decentralized finance space.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

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IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.