The Bitcoin halving has come and gone, shifting the market in ways investors are eager to understand. With the start of a new bull run in 2024, individuals looking to make up for any setbacks are searching for the best cryptocurrencies that promise growth. This article delves into five cryptocurrencies that stand out for their potential to help recover from pre-halving losses. Each selection is based on solid performance indicators, making this a must-read for anyone aiming to make informed investment moves in the current climate.
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Jupiter Crypto Price Movements and Analysis
Jupiter’s price has seen a major increase over the past six months, soaring by 3827.33%. With a recent one week gain of 6.96%, the coin is trading between $0.96 and $1.28. However, in the last month, it dipped by 4.10%. Current trends indicate a blend of both impulsive and corrective moves, aiming for higher levels with the nearest resistance at $1.41.
Considering JUP’s strong half-year run, investors are watching if it can break past $1.41. If successful, the next target could be $1.73. On the flip side, if it falls, support at $0.77 may hold, else it might drop to $0.45. The optimistic view is backed by a healthy RSI of 54.85, but the coin still needs to navigate cautiously with mixed signals from other indicators.
Understanding Ondo Crypto’s Price Movement
Ondo (ONDO) is currently trading between $0.64 and $1.03. In the past week, ONDO’s value dropped by 9.81%, but over the last month, it increased by 10.08%. A significant surge occurred over the last six months, with a price jump of 2614.20%. The coin shows a mix of moves, lately leaning towards a correction from recent peaks.
Looking at ONDO, we see it resting below the first big challenge at $1.24, with a safety net around $0.47. If excitement grows, the next test awaits at $1.62. However, caution is key—there’s a steep drop to $0.09 if support crumbles. With its average price lately around $0.80, and steadiness indicated by the RSI and MACD, some believe ONDO could climb, but it’s a delicate balance.
Avalanche Crypto Current Performance and Trends
Avalanche’s price has seen big changes. In a week, the price went up by 4.09%. However, it dropped by 27.20% in the past month. In six months, it went up a lot, by 276.07%. Right now, the price is between $33.13 and $39.96. The price seems to be moving in strong waves, not just small adjustments.
AVAX might keep going up, as it’s close to the resistance level of $42.78, which if passed, could lead to more growth towards $49.61. But we should also think about the chance it could go down to the support levels of $29.13 or even $22.29 if the trend changes. Both chances seem equal right now.
Polkadot Crypto Analysis: Finding Equilibrium or Set for Change?
Polkadot (DOT) shows a positive one-week price change at 8.60% but faces a downturn over the past month, down by 16.57%. The six-month climb of 77.80% is even more impressive. Currently, DOT trades within the range of $6.52 to $7.53. The upwards push suggests an impulsive move, bolstered by a high RSI at 72.18, hinting at strong buying interest.
Looking forward, the optimism comes from the six-month uptrend and robust current buying as shown by the RSI. However, care is needed as the RSI also flags potential overbuying, which might lead to correction. If DOT surmounts the nearest resistance at $7.91, further upward momentum to the second resistance level at $8.92 could follow. Conversely, if selling pressure mounts, DOT might retest supports at $5.89 or even $4.88.
Conclusion
Given the recent BTC halving, attention has turned to cryptocurrencies that might help investors recoup their previous losses. Jupiter (JUP), Ondo Finance (ONDO), Avalanche (AVAX), and Polkadot (DOT) are on the radar. However, these coins may not see significant short-term gains. Among the mentioned projects, BlastUP stands out with the highest potential for growth. Its strong concept and connection to the broader Blast ecosystem make it a compelling choice for those looking to leverage the ongoing bull run in the cryptocurrency market.
Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io
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