The crypto market shows a steady calm, but signs suggest a looming bull run. Altcoins sit at interesting entry points, rising yet poised to surge. Anticipation builds as investors eagerly eye potential short-term gains. Will certain cryptos make waves this summer of 2024?
This article uncovers the top contenders for explosive growth, offering insights into the best short-term picks. With the market’s pulse steady yet promising, the curated selection aims to guide investors through the promising landscape ahead. Discover which coins are set to shine this season and seize the opportunities before the market takes off.
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Despite the recent market dip, Brett (Based) (BRETT) is showing potential signs of a bullish turnaround. Trading between $0.10 and $0.14, the cryptocurrency has fended off bears at the $0.08 support level. The RSI at about 25.89 and Stochastic near 6 signal that BRETT might be oversold, pointing to possible upward movement.
With a resistance level at $0.15 and a stronger one at $0.19, prices could rise by 35% to hit those targets. This aligns with a remarkable 299.07% over six months, suggesting a bullish trend despite short-term hiccups.
Despite a recent market pullback, Worldcoin (WLD) is showing signs of a possible uptrend. Currently trading between $1.70 and $2.05, the coin is close to its nearest resistance at $2.24. The RSI is low at 34.94, indicating it might be oversold and ready for a bounce.
Stochastic levels also support this bullish outlook. If WLD breaks past $2.24, it could surge to $2.59, a potential gain of over twenty percent. Even more promising, a return to its ten-day SMA of $2.80 could offer a forty percent boost from current prices. With positive repeat patterns from 2021, this altcoin looks ready to ride the next wave.
Injective (INJ) shows signs of strength despite the recent Bitcoin slump. INJ trades between $18.99 and $23.09, successfully rebounding 23.68% in the past week. The bulls have managed to push INJ closer to the key resistance level at $24.47.
The current relative strength index (RSI) is 45.46, suggesting room for upside momentum. If the token breaks past $24.47, it could surge toward the next resistance level at $28.57, marking a potential 40% increase from the current range. Given its recent recovery, INJ could lead the charge in the next altcoin season.
LayerZero (ZRO) is holding steady, currently priced between $3.48 and $4.39. Bulls aren’t dominating yet, but bears show signs of weakening. The price is approaching the $3.94 simple moving average and could soon challenge the $4.91 resistance.
Its Relative Strength Index (RSI) is at 39.78, suggesting more room to grow. A recent one-month spike of nearly 290% hints at strong potential. If momentum builds, ZRO could climb to the second resistance at $5.83, marking a significant gain. While the MACD level of -0.0415 shows a slight bearish sentiment, the overall growth pattern is encouraging.
BRETT, WLD, INJ, and ZRO have shown promise but might not offer the best returns in the short term. BLASTUP stands out with its robust concept and its link to the Blast ecosystem, making it the top pick for summer 2024. The project’s strength and innovation position it as the crypto with the highest potential for quick gains.
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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