SOL, ETH And XRP: Top Altcoins To Stack Before Next Bounce
The post SOL, ETH And XRP: Top Altcoins To Stack Before Next Bounce appeared first on Coinpedia Fintech News
The crypto market might be choppy, but it’s creating opportunities for investors to stack promising altcoins before the next bounce. According to an analyst, with Bitcoin holding steady near $108,000, several altcoins are showing signs of bouncing back.
Altcoin 1: Solana
Solana (SOL) remains one of the top tokens to stack right now. Price recently bounced around the $150 support zone, and as long as it stays above $146, SOL could aim for $160-$165 in the short term. Solana continues to attract developers and is often seen as a high-potential layer-1 token for the next alt season.
Altcoin 2: Ethereum
Ethereum (ETH) is another solid bet, holding near its key $2,490 support. This zone marks ETH’s 200-day moving average and a crucial bullish level. If the market turns around, ETH could be one of the first majors to push higher, especially with activity on its network staying strong.
Altcoin 3: XRP
XRP’s latest chart action has traders watching closely as it approaches a critical resistance level, the 200-day moving average (MA). Historically, this level has acted as both strong support and resistance for XRP, and it’s currently blocking the token’s upward movement. For short-term, support levels to watch are around $2.31 and $2.295. These are possible dip-buy zones where a quick bounce might occur if the price drops.
Other Altcoin Plays
Lastly, meme coins like Bonk (BONK) and Popcat (POPCAT) are on analysts’ radars for high-risk, high-reward plays. Bonk has been seeing fresh interest from smart money, while Popcat is testing key support around $0.285, with expectations of a short-term bounce from these oversold levels.
Virtuals is also hitting a big demand area near $1.47. With multiple indicators like trend lines and moving averages lining up, the analyst expects a bounce of 5-8% soon. It might not be a trend reversal yet, but it’s a spot where short-term upside could play out.
SUI is approaching its first major support at $2.78. If the dip continues, a stronger demand zone sits at $2.60. These levels could offer good entries for those looking to build positions at lower risk points.