/ Discover potential top 3 altcoins to watch next week in the crypto market next week with Solana (SOL), Avalanche (AVAX), and Near Protocol (NEAR).
Author: Nilesh Hembade.
Date: Sunday 24 Dec 2023, 14:57 PM IST
In the midst of the festive Christmas season, a wave of bullish momentum has swept through several altcoins this week. Notably, some altcoins have broken free from their resistance levels, with Optimism (OP), Solana (SOL), and Avalanche (AVAX) emerging as frontrunners with substantial gains. However, the popular meme coin Bonk experienced a significant setback, witnessing a notable -10% drop in the past 7 days.
As the altcoins continues to surge, our analysis suggests that Solana (SOL), Avalanche (AVAX), and Near Protocol (NEAR) could be poised for further upward movement in the coming week.
1) Solana (SOL) Price Analysis:
Solana (SOL) has demonstrated an impressive surge of +57.51% over the last 7 days, catapulting beyond its previous resistance level of $76.68. Currently trading at $111.80, the chart indicates potential for SOL to climb an additional +27.50% to reach the next resistance level at $141.63.
Checkout: Solana (SOL) Price Predictions.
2) Avalanche (AVAX) Price Analysis:
Avalanche (AVAX) has experienced a commendable price increase of +13.43% in the past week. Following our earlier analysis, AVAX successfully surpassed the $30 level, breaking through two consecutive resistance levels to achieve a current price of $47.87. Looking ahead, the chart suggests a potential surge to $57.46, reflecting a +15.98% increase from the current price in the coming days.
Checkout: Avalanche (AVAX) Price Predictions.
3) Near Protocol (NEAR) Price Analysis:
Near Protocol (NEAR) has exhibited remarkable growth, boasting a +61.42% increase over the last 7 days. Breaking free from its major resistance level range of $2.97 to $2.97, the NEAR coin now stands at $3.87. With this breakout, the likelihood of NEAR hitting the next resistance level of $5.09 is substantial, representing a further +31.15% increase from the current price.
As the market continues to present opportunities and challenges, investors are advised to stay vigilant and closely monitor these promising altcoins for potential lucrative moves in the upcoming week. The outlined analyses provide insights into the current trajectories of Solana (SOL), Avalanche (AVAX), and Near Protocol (NEAR), indicating that these digital assets could be ones to watch for continued bullish momentum.