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Cryptocurrency News Articles
CYBRO and Toncoin Emerge as Attractive Alternatives in the Crypto Market
Oct 21, 2024 at 12:42 am
As Solana shows signs of a possible downturn, investors are seeking alternatives. Cybro and Toncoin are emerging as attractive options in the crypto market.
Solana (SOL) is trading sideways, encountering resistance at $138 and $154. If the current momentum continues, SOL could reach the next resistance level of $162.
On the other hand, Toncoin (TON) is also trading within a narrow range, fluctuating between $4.99 and $5.39. As the price consolidates near $5, the next resistance is at $5.58.
Both SOL and TON have shown less potential for short-term gains compared to other coins in the market. However, if you're looking for an investment opportunity with higher return potential, you might want to consider Cybro (CYBR).
Cybro is an advanced DeFi platform that utilizes AI-powered yield aggregation on the Blast blockchain. It provides optimal returns on your crypto assets in any market condition.
Here's what you can expect with Cybro:
- Maximize earnings in any market condition
- Enjoy attractive staking rewards
- Receive exclusive airdrops
- Get cashback on purchases
- Benefit from seamless deposits and withdrawals
Moreover, Cybro is committed to transparency, compliance, and quality. The project has gained attention from prominent crypto investors and influencers. If you're interested in exploring further, use the referral code to double your CYBRO Points on your first deposit.
Join Cybro now and aim for future returns of up to 1200%.
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Solana (SOL) price movements over the past 24 hours suggest a period of consolidation. After beginning the day at $138, SOL encountered resistance at this level and descended to a low of $137.8. Following this brief downturn, the price recovered and reached a high of $153.9 before settling within a narrow range between $138 and $154.
Over the past month, Solana has demonstrated an upward trend, surging by more than 16%. If the current momentum continues, SOL could reach the next resistance level of $162 soon. Notably, the Relative Strength Index sits around 56, indicating that the asset is neither overbought nor oversold. However, the Stochastic indicator is high at 86, which might suggest a possible slowdown in the near term.
If Solana breaks past $162, the next target could be $179, marking an additional gain of about 10%. On the downside, if momentum fades, the price may test the support level at $128.
Toncoin (TON) price movements have been relatively stable throughout the day. After opening at $5.01, TON encountered resistance at $5.39 and descended to a low of $4.98. Following this brief downturn, the price recovered and reached a high of $5.36 before settling within a narrow range between $4.99 and $5.39.
A glance at the technicals reveals that the 10-day and 100-day moving averages are close, at $5.21 and $5.23, respectively. This proximity suggests a stable trend in TON's price movements. Additionally, the Relative Strength Index is neutral at 52.61, indicating that the asset is neither overbought nor oversold. However, the stochastic is high at 78.24, which might suggest a possible slowdown in the near term.
The nearest resistance is at $5.58. If Toncoin breaks above this level, it could reach the next resistance at $5.98, an 8% increase. The nearest support is at $4.80. Over the past week, Toncoin rose by 1.34%, but it dropped 5.72% in the past month. As the price consolidates near $5, traders are watching for a breakout to determine the next move.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- American YouTuber Coffeezilla Has Called Out Andrew Tate for His Alleged Crypto “Grift,” Revealing That the Controversial Social Media Personality Has Promoted Various Meme Coins That Ultimately Crash
- Oct 21, 2024 at 06:20 am
- Tate, previously accused of insider trading and crypto market manipulation, was among the several celebrities who jumped on the Solana meme coin craze in June.