Crypto Whales Set Their Sights on Top-Performing Coins This Week: Can Solana (SOL) and Toncoin (TON) Hit New All-Time Highs?

Crypto whales are keeping a close eye on some top-performing coins this week, with Solana (SOL) dominating decentralized exchanges (DEX) this month

Crypto whales are closely monitoring some top-performing coins this week, with Solana (SOL) dominating decentralized exchanges (DEX) this month and Toncoin (TON) hitting an intraday high of $6.58, indicating a strong bullish trend.

Meanwhile, JetBolt (JBOLT), a new player, is stirring up attention with its massive presale success, selling over 66 million tokens, and innovative features, including zero-gas technology, utilizing AI-driven tools to provide news and insights for users.

A question arises: can Solana and Toncoin hit new all-time highs as the whale-driven momentum drives up demand? What’s driving whales to this new altcoin in the crypto scene, JetBolt?

Solana Surges on DEXs, Targeting $400

Crypto enthusiasts are speculating whether Solana (SOL) could potentially hit the $400 mark after its impressive performance in dominating decentralized exchanges (DEX) this month. Solana’s trading volume made up 33.59% of the market in November, outpacing Ethereum’s 17.54% share.

According to data from Footprint Analytics, Solana-based applications such as Raydium, Lfinity, and Orca are also reaching new heights in terms of fees and revenue, showcasing a bullish trend among decentralized applications on the Solana network.

Solana price today is $253.90, up 6.98% in the past week, and is now fully recovered from the recent lows of $240.96. Solana price has been attempting to rally past the key resistance zone for the past few days.

Now, traders can expect Solana price to be fully prepared for a bullish breakout from this resistance. In this case, traders can anticipate a bullish continuation towards $270, followed by the next critical resistance level at $300.

If Solana price manages to rally past the $300 level, it will open up the path towards the $400 price target, which has been anticipated by many crypto enthusiasts.

Solana price is also showing bullish momentum on the lower timeframes, with traders observing a possible bullish pennant formation on the 15-minute chart.

This bullish pennant is formed by connecting a series of lower highs and a flattening trendline on the bottom. In technical analysis, a bullish pennant is usually considered a continuation pattern, and a breakout from the pennant suggests a continuation of the prior bullish trend.

Traders can also observe a bullish engulfing pattern forming on the 1-hour chart, further adding to the bullish outlook for Solana price.

This bullish engulfing pattern is formed when a bearish candle is followed by a bullish candle that completely engulfs or consumes the bearish candle's range.

In this case, the bullish engulfing pattern suggests a reversal from the recent bearish momentum and a continuation of the bullish trend.

Toncoin Primed for a Bullish Rally

With its recent listing on Bithumb, South Korea’s leading exchange, and hitting an intraday high of $6.58, Toncoin (TON) has captured the attention of crypto enthusiasts. Over the last seven days, Toncoin price displayed resilience from minor dips and managed to maintain a position above the $5 mark.

After breaking out from the $5 resistance zone, Toncoin price encountered another round of selling pressure at $6, leading to a consolidation period. However, Toncoin price quickly recovered from this consolidation and resumed its bullish momentum.

As analyzed previously, Toncoin price is now attempting to rally past another crucial resistance level at $6.20. If Toncoin price manages to break out from this level, it will open up the path towards $7.

Crypto enthusiasts are closely monitoring whether Toncoin price can continue surging higher, especially considering the massive bullish momentum observed in the lower timeframes.

bullish outlook for Toncoin price remains valid as long as the coin price is trading above the key support levels at $5 and $5.23.

If Toncoin price loses these support levels, we can expect a bearish continuation towards the next support zone at $4.50-$4.60.

New Altcoin JetBolt Allures Whales' Attention with Revolutionary Features

While Solana and Toncoin are making upward trajectories, this new altcoin JetBolt (JBOLT) is sparking interest among whales with its presale sales and groundbreaking features.

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