Crypto analysts note a surge in altcoin activities, with Ethereum, Ripple, Notcoin, Solana, and Pawfury exhibiting bullish behaviours. Key resistance and support levels will determine their trajectories in the optimistic market.
Altcoin Season Emerges: Bullish Trends in Key Cryptocurrencies
Cryptocurrency analysts are highlighting a surge in altcoin activities, with several major coins exhibiting signs of bullish behavior. Significant upward movements are anticipated for Ethereum (ETH), Ripple (XRP), Notcoin (NOT), Solana (SOL), and Pawfury (PAW). The roles of key resistance and support levels are pivotal in determining these trajectories amidst positive market sentiment.
Ethereum (ETH)
Ethereum is showing a notable recovery following a recent sell-off. Over the last two months, ETH has outperformed Bitcoin (BTC), driven by the prospects of an Ethereum ETF launch. This has sparked accumulation by major market players and Ethereum whales. Analyst RLinda on TradingView noted on July 13 that the ETH/USDT daily chart shows bullish activity above a crucial support line. Ethereum’s price remaining above the 200-day moving average indicates a positive structure for further upward movement, with key resistance levels around $3,200 and potential targets between $4,000 and $4,800.
Pawfury (PAW)
Pawfury has gained substantial attention after raising $4.23 million in its presale, with the current price at $0.01043. Analysts suggest Pawfury might reach $5 by the end of 2025, implying a 15,000% return on investment. Upcoming listings on major exchanges are expected to make Pawfury more accessible, potentially driving up its value. The ecosystem’s high-yield staking rewards with competitive annual percentage yields (APY), and the low-entry presale price offer an appealing opportunity for early investors. Investors can also gain a 10% extra bonus using the promo code TOKENBONUS10X for a limited time.
Ripple (XRP)
Ripple is demonstrating bullish signs, rebounding from the $0.42 support level and currently testing significant resistance between $0.54 and $0.55. XRP has surpassed the upper boundary of a descending channel and the 100-day moving average on the daily chart. The 200-day moving average at $0.54 is the next hurdle. On the 4-hour chart, XRP is in an uptrend, with potential resistance at $0.57. Breaking through this level could see XRP aiming for the $0.62 resistance zone.
Notcoin (NOT)
Notcoin, on the TON blockchain, has experienced volatility, with a 23% decline over the past month, followed by a slight rebound. Analysts expect a significant price surge for NOT. According to analyst ZAYK Charts, a bullish pennant formation on the 2-hour chart suggests potential upward movement. Breaking above the pennant’s descending trendline could result in a 25% price increase. Immediate resistance stands at $0.01583, with support at $0.01478.
Solana (SOL)
Solana is under close watch for a potential massive rally, having experienced a notable decline earlier. Solana’s price trajectory is likened to Ethereum’s performance in 2017 by analyst Marty, predicting a dramatic 1,800% increase. Currently trading around $140, Solana’s immediate targets are breaking key resistance levels at $150 and $170, with further gains likely if these levels are surpassed.
The cryptocurrency market is currently exhibiting significant bullish trends across various assets. Ethereum, Ripple, Notcoin, Solana, and Pawfury all show potential for substantial upward movement. As traders and stakeholders monitor these trends, breakthroughs in resistance levels could point to further bullish runs in the near to mid-term. The dynamics between key resistance and support levels will be crucial for the future performance of these cryptocurrencies.
