Analysts note a promising altcoin season with strong bullish signals in Ethereum, Ripple, Notcoin, Solana, and Pawfury. Key resistance and support levels play a crucial role in these cryptocurrencies’ trajectories amid positive market sentiment.
Altcoin Season Shows Promise: Analysts Note Potential Surges in Several Cryptocurrencies
Several altcoins are currently exhibiting strong bullish signals, indicating potential for significant upward movement. Cryptocurrencies such as Ethereum, Ripple, Notcoin, Solana, and Pawfury are drawing attention from analysts, who point to key resistance and support levels playing a crucial role in their trajectories amid positive market sentiment.
Ethereum (ETH)
Ethereum has shown signs of recovery following a recent sell-off phase. Over the past two months, Ethereum has consistently outperformed Bitcoin, partly due to anticipation surrounding the potential launch of an Ethereum Exchange-Traded Fund (ETF). Although there is no clear timeline for the ETF’s approval, market players and Ethereum whales have been accumulating ETH, reflecting heightened investor confidence.
According to an analysis on TradingView by analyst RLinda dated July 13, the daily ETH/USDT chart shows bullish activity above a crucial support line. Maintaining its price above the 200-day moving average (MA) suggests consolidation and a positive structure for further upward movement. Key resistance levels are around $3,200, with potential targets ranging between $4,000 and $4,800 upon a breakout.
Ripple (XRP)
Ripple has rebounded from a $0.42 support level, breaking through various resistance levels and now facing significant resistance at the $0.54-$0.55 zone. On the daily chart, XRP has surpassed the upper boundary of a descending channel and the 100-day MA. The next challenge is overcoming the 200-day MA at $0.54. On the 4-hour chart, XRP shows a clear uptrend, with potential resistance at $0.57. A successful breach could see XRP targeting the $0.62 resistance zone.
Notcoin (NOT)
Notcoin, a cryptocurrency on the TON blockchain, has experienced notable fluctuations, including a 23% decline over the past month, followed by a slight weekly recovery. Analysts foresee a significant price surge for NOT. Based on a 2-hour analysis by pseudonymous analyst ZAYK Charts, a bullish pennant formation suggests potential upward movement. If NOT breaks above the pennant’s descending trendline, a 25% price increase could ensue. Immediate resistance is at $0.01583, while support levels are at $0.01478.
Solana (SOL)
Solana has also gained attention for its potential massive rally. Following a notable decline, Solana’s price trajectory resembles Ethereum’s performance in 2017. Analyst Marty predicts a dramatic 1,800% price increase based on historical patterns. Currently trading around $140, Solana’s immediate targets involve breaking through key resistance levels at $150 and $170, with potential for further gains if these levels are surpassed.
Pawfury (PAW)
Pawfury has captured significant attention, having raised $4.23 million in its presale, with the current price at $0.01043. Analysts foresee Pawfury reaching $5 by the end of 2025, suggesting a 15,000% return on investment (ROI). The buzz is amplified by upcoming listings on major exchanges, which may drive up its value. The ecosystem offers high-yield staking rewards with competitive annual percentage yields (APY). The low-entry presale price provides early investors an accessible opportunity. Additionally, investors can receive a 10% bonus using the promo code TOKENBONUS10X for a limited time.
Market Overview
The current trends in the cryptocurrency market indicate significant bullish activity across various altcoins. Ethereum, Ripple, Notcoin, Solana, and Pawfury are all showing potential for substantial upward movement. Investors and stakeholders are closely monitoring these developments as breakthroughs in resistance levels could signify further bullish runs. Key resistance and support levels remain critical in determining the future paths of these cryptocurrencies.
