During Crypto Banter’s Kyles Doops Show, the analyst discussed the ongoing bullish momentum in the market, signaling a bounce in progress. Leading altcoins are once again spearheading the rally, a trend that appears to be continuing. Investors may be contemplating whether it’s the right time to invest in these high-performing coins and if they will sustain their upward trend.
The analyst also touched on altcoins, noting that a few had exhibited strong performance in the previous cycle of this bear market. “We may be witnessing a higher low for the first time, suggesting a potential bottoming process and future growth,” the analyst remarked. Here are some of the altcoins highlighted by him:
Solana (SOL): While not currently at a crucial support level, SOL shows promise. The analyst predicts a potential 10-15% upward movement before encountering resistance.
Kaspa (KAS): Keeping an eye out for a breakdown of the recent low to target a decline to 14-13 cents, viewing this as a reaccumulation phase forming an ascending triangle.
Toncoin (TON): Demonstrating strength and delivering profits even from higher positions.
Mantra (OM) and Ondo (ONDO): OM is striving to surpass range highs at 83 cents. Regarding ONDO, a pullback to $1 could present a buying opportunity, as these coins have displayed a pattern of higher highs and lows against both USD and Bitcoin.
Render (RNDR): Positioned at a critical level, previously recommended for purchase near $7. The current position indicates significant upside potential with a possible continuation of the uptrend.
Pepe (PEPE): Another strong contender with negative funding and the potential for reaccumulation. A trade setup suggests buying at current levels with a target for substantial gains.
Xodex (XODEX): A recent addition to the research group, boasting a low market cap of around $8 million. The analyst has made a small investment, recognizing the potential in this newly launched project.
Read Also: Crypto Market Stabilizes: Here are Top 2 Altcoins to Buy for Fast Profits
