The cryptocurrency market is experiencing a period of uncertainty as Bitcoin struggles to maintain its position above $60,000. This market volatility has also impacted Solana, which is facing challenges in holding onto the $150 mark. However, amidst this backdrop, several potential Solana killer coins are emerging, capturing the attention of investors.
Near Protocol (NEAR) Seeks Resurgence
After enduring a prolonged bearish period that saw its price plummet by 52% from $6.493 to $3, NEAR has shown signs of recovery in line with the broader market uptick. However, the token is currently consolidating around the $4 mark, facing resistance at the 23.60% Fibonacci level and the 50 EMA. Technical indicators remain indecisive, with the MACD and signal lines hovering in positive territory. A decisive breakout above the $4 level could propel NEAR towards the $5 mark.
SUI: A Rising Star in the Solana Killer Race
SUI has exhibited impressive growth, with a TVL of $615 million and an 85% price surge. The altcoin has successfully broken out of a descending channel on the daily chart, accompanied by bullish signals from the MACD and signal lines. While SUI has surpassed the crucial $1 psychological level, it’s currently encountering resistance at the 38.20% Fibonacci level and the 200-day EMA. A breakthrough could pave the way for a rally towards the $1.75 mark.
Aptos: A Strong Contender for the Solana Throne
Aptos, boasting a market capitalization of $3 billion, is considered a strong contender for the title of Solana killer. The cryptocurrency has recently broken through a resistance trendline and is currently challenging the 50-day EMA. A sustained move above this level could propel APT towards the 50% Fibonacci level at $11.55.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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