Altcoins
Top Altcoins Are Ready for a New ATH
With altcoins rallying, broader market sentiment is picking up as investors are lining up with extra demand. As the cryptocurrency market teases a sharp recovery from lows, rising demand teases a prolonged bull run.
Amidst the rising market, Solana and Toncoin token prices are poised for a strong recovery. Let’s look at the price chart and technical analysis of SOL and TON tokens to learn more.
Altcoins rally begins as Solana aims for $150 breakout.
With a reversal rally struggling on the weekly chart, the Price SOL the trend reveals a bullish dominance at $125. The altcoin remains sideways between the 50% Fibonacci level and the 61.80% level.
With the current consolidation range, the altcoin price chart shows the MACD and RSI lines falling as supply pressure increases.
On the daily chart, the $125 support holds the triangle breakout rally and reverses it to challenge $150. As the broader market recovers, SOL price is up 8.40% in two days and hints at an extended price jump. Optimistically, the altcoin can reach the $200 mark if Bitcoin price recovers $60,000.
Toncoin Reversal Targets $10
With a market cap of $18 billion, Toncoin ranks eighth among the top 10 cryptocurrencies. Having survived the market crash with a minimal correction, the Price TON breaks below the long-standing support trend line.
On the daily chart, the altcoin reveals a minor double bottom pattern as it turns the breakout rally into a sideways move. With lower price rejection candles, TON price is targeting a bullish reversal.
In support of the bulls, the RSI is showing a reverse divergence, while the MACD is showing softening in the bearish histograms.
If the bull run continues, the altcoin could reach the $10 mark, according to trend-based Fibonacci levels.
Read also: Best Cryptocurrency to Buy Now as Market Crash Hits Bottom