Date: Wed, Oct 23, 2024, 10:05 AM GMT
In today’s volatile market, as Bitcoin (BTC) fell below the $67K mark, dragging most major altcoins down, a few standout tokens have managed to defy the bearish trend. Jupiter (JUP), Celestia (TIA), and Beam (BEAM) are showing signs of resilience, gaining bullish momentum despite the overall market decline.
Here are the key levels to watch for these top altcoins:
1. Jupiter (JUP)
Jupiter (JUP), the popular decentralized exchange (DEX) platform, experienced a major breakout from a descending triangle pattern on October 19, when its price hit $0.86. Since then, JUP has maintained strong upward momentum, breaking through its resistance at $0.95. As of now, it is trading at $0.9908. If this bullish momentum continues, JUP could aim for its next resistance level at $1.22, offering further potential gains.
2. Celestia (TIA)
Celestia, a modular blockchain network, has also joined the upward trend. Its native token, TIA, has risen by 3.67% over the past 24 hours, currently trading at $5.90. TIA is in a Bullish Pennant pattern, and with the current price nearing the upper resistance trendline, a breakout seems possible. If TIA manages to breach this resistance, it could head towards the next main resistance level at $6.52, a potential 10% increase from the current price.
3. Beam (BEAM)
Beam (BEAM), a gaming token with a $930M market cap, is also showing strength in the ongoing gaming token rally. BEAM surged by nearly 5%, breaking out of a falling channel that has been forming since March. Currently trading at $0.1882, the next confirmation of this breakout will be if BEAM crosses above $0.2050. Should it clear this level, BEAM could target its next resistance at $0.2967, presenting a significant upside opportunity.
As the altcoins heats up in the crypto market today, keep an eye on these key levels for JUP, TIA, and BEAM,. The momentum is strong, but as always, investors should conduct their own research before making any decisions.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.