Amid discussions of a potential Federal Reserve rate cut, investor interest in cryptocurrencies is reignited. Let's examine which tokens may show positive dynamics.
Solana: Strong Position Above $200
Solana's price remains steadily above $200, within its rising channel. The support level around $189 shows resilience, and recent higher lows confirm bullish sentiment. If the price breaks above the $226 mark, it may lead to increases up to $240 and beyond. However, if the $189 support does not hold, a pullback may occur.
Cardano: Key Support for Recovery
The near-term direction for Cardano's price remains uncertain. It retains a position above the Ichimoku Cloud on the weekly chart, safeguarding the $0.83 support zone. A buyer entry at $0.815 seems to be driving prices upwards, with goals of $0.95 and $1.02 in sight. If it drops below $0.815, it may fall to $0.75.
Cronos: Powerful Breakout
Cronos' price has surged over 53% in just one week, breaking out from a long consolidation period under $0.16, and has already exceeded $0.20. The significant volume increase indicates real demand, with community sentiment remaining positive.
While Solana, Cardano, and Cronos exhibit strong potential, new initiatives like Layer Brett are also worth noting. Investors are keenly watching for any shifts in the market.
