Altcoins
Best Solana-Based Altcoins to Buy as Crypto Market Rebounds
With the cryptocurrency market holding above the $2 trillion mark, Bitcoin and altcoins are paving the way for a new bull run. As the broader market rally continues to gain momentum, these Solana-based altcoins are poised for massive gains.
As the Solana network shows signs of recovery and the SOL token aims to break above $150, smart money is turning bullish this week. So, let’s take a closer look at the top Solana-based altcoins to watch as the broader cryptocurrency market recovers.
Solana-Based Altcoins to Watch: Jupiter (JUP)
With a market cap of $1 billion, the JUP token price reveals a bullish recovery in motion. The bullish cycle within a falling wedge pattern teases a breakout rally on the brink.
Starting a bullish surge from the 78.60% Fibonacci level, the Solana-based altcoin reflects an increase in demand. The price of JUP token has increased by 14% in two days and has created two consecutive bullish candles.
If the bullish momentum holds to trigger a breakout rally, then the Jupiter token price can break above the psychological limit of $1. On the upside, $1.25 and $1.50 are potential upside targets for the JUP token.
Radio (RAY)
Moving sideways on the daily chart, the price of Raydium token reveals a long consolidation in the making. Despite receiving support from the 200-day EMA, lower price rejections are visible in this Solana-based altcoin.
With the bull cycle underway, RAY price makes three consecutive positive candles and rises by 17 in 72 hours. As it challenges the 50% retracement, the upside potential increases with more breakout possibilities as the cryptocurrency market recovers.
With the break of the upper resistance, the price of Raydium token could aim for the high of $2.69.
Pyth Network (PYTH)
With a market cap of $1 billion, PYTH price trend shows an uptrend ready to start with a breakout of the trendline. As this Solana-based altcoin teases a late correction phase, the upside potential is huge for Pyth Network.
With a bullish continuation in the MACD and signal lines, the trendline breakout rally makes it a token worth watching. Based on the Fibonacci retracement levels, the breakout rally could face resistance at the 50% level at $0.67.
On an optimistic note, the breakout run could reach $1.