In this article, we will discuss the current trends and growth prospects of several major altcoins, including Solana, BNB Coin, Ripple, and Dogecoin. These cryptocurrencies attract investors' attention and show different stages of development.
Solana (SOL)
Known for its high speed and low cost, Solana attracts new investors. After emerging as an Ethereum competitor, Solana has strengthened, and now we see Solana’s competitors being born. EMA20 is at $148, and profit-taking here indicates the density of investors not expecting a short-term rise. Considering the movements of the last few months, they are justified. The $136 and $116 supports are possible dip targets in a decline. However, if EMA20 is breached upwards, the SOL price can climb to $164 and $185.
BNB Coin
The Binance-backed altcoin is the only altcoin among the largest by market value to see ATH this year. EMA20 is at $529, and the price is above this level. Although RSI is close to the neutral zone, a new attempt at $600 would not be surprising for the positively diverging BNB Coin, even under current conditions. There is potential for a return to the well-known $495 support in case of closures below EMA20. Above, breaking the $635 resistance would reopen the door for a new all-time high price attempt.
Ripple (XRP)
The lawsuit is ending, and Ripple is completing the process with significant gains, such as the second market sales not being considered securities. The price is above the EMA20 level of $0.57. If we see closures above $0.59, the XRP price can rise to $0.64 and $0.74. In case of a surprise drop in BTC, the target is $0.54.
Dogecoin (DOGE)
Despite increasing competition, Dogecoin still maintains its status as the first and largest meme coin. With its price of $0.1, it has not yet lost its key support. In a decline, $0.09 and $0.08 will be targeted. In a rise, a local peak could be between $0.14 and $0.18.
Altcoins continue to show diversity in their prospects and current trends. Attention to these cryptocurrencies may be justified by their unique characteristics and development rates.
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