admin • Recently, there has been an increased interest in altcoins following the volatility of Bitcoin.
• Solana (SOL), Polygon (MATIC) and Litecoin (LTC) are all preparing for potential breakouts in the coming weeks.
• Messari reports show that SOL has experienced a QoQ surge of 23.5%.
Altcoins Ready For A Breakout
Recent volatility in Bitcoin prices have caused investors to look beyond the king of the hill, and explore potential investments in altcoins. Solana (SOL), Polygon (MATIC) and Litecoin (LTC) are all preparing for possible price surges in the upcoming week.
Solana Price Analysis
The buzz surrounding Solana is gaining traction with an increasing number of individuals considering getting involved. According to Messari, USD-denominated total value locked in Solana has seen a quarter-on-quarter surge of 23.5%. At present, SOL trades at $23.75, having gained 6.5% from yesterday’s rate. If buyers manage to push prices past EMA-200 resistance level at $25.16, this could potentially spark a new upward trend leading to prices surging as high as $38.8. On the other hand, if bears manage to bring prices beneath EMA-100 support level at $21.6, this could cause SOL token price to plunge down to $16.49 support level mark..
Polygon Price Analysis
Google Cloud recently partnered with Polygon which caused investor confidence levels to increase significantly around MATIC tokens . The MATIC price currently trades at $1.02 after gaining nearly 3% over 24 hours period . In order for bulls to succeed , they must push past overhead resistance level at $1.14 and target next resistance point located near $1 .32 mark . However , if bears take control , they should aim for pushing MATIC token price beneath immediate support level located near 96 cents .
Litecoin Price Analysis
Over the last few days , LTC has seen its value surge by almost 11 % as it trades at around 50 dollars per coin . The coin is currently facing strong resistance near 51 dollars but if bulls manage to break above this point , there’s no stopping them from aiming for 55 dollars mark or even higher . On contrary , if bears gain control then LTC may be pushed down towards 47 dollars before finding any sort of major support .
Conclusion
Altcoins like Solana , Polygon and Litecoin seem ready for a breakout performance in the upcoming week as investors look beyond Bitcoin volatility and start exploring these promising projects more deeply .