Despite recent consolidation, traders and analysts anticipate a Toncoin (TON) rally. Meanwhile, Solana (SOL) swung high.
While recent consolidation has traders and analysts anticipating a Toncoin (TON) rally and Solana (SOL) swung high, approaching the 2021 all-time high after crossing $245 and setting sights on an upswing above $1,000, the new AI altcoin IntelMarkets (INTL) is on whales’ radars.
Emerging as one of the top altcoins, especially with its relationship to the Telegram messaging app, Toncoin (TON) had an impressive first half of the year. However, the second half has seen a 30% decline from its June all-time high of $8.24.
Despite the recent downtrend, traders and experts remain optimistic about a bounceback and price discovery. Gaining momentum, the Toncoin price soared 7% in the past seven days, retailing above $5.61. A breakout above the $6 resistance is expected to usher in a strong bullish wave.
Moreover, key technical indicators like the TON price trading above the 10-EMA and the MCAD level (12, 26) suggest further upswings. Cryptowizard101, an analyst, explained how the price has been hovering around $5.5 and a breakout will see it retest $6 and beyond. GlobeOfcrypto1, another analyst, believes a successful breakout can send it to $9 and $10 mid-term.
Solana (SOL) has been one of the biggest highlights this year, from its rapidly growing ecosystem to its widely embraced DeFi solution, which led to a skyrocketing performance. The Solana price went up by 14% on the weekly chart, crossing $245.
Tipped for a rally above $1,000, it is among the best cryptos to invest in. Punk5122, a crypto analyst, believes SOL is primed for a jump toward $285 after the recent breakout. They also predict the Solana (SOL) price could hit $1,000 by December amid the meme craze. Muscan also suggests it is on track for a rally above $1,000 this cycle.
Backing these optimistic forecasts are key technical indicators. The 9-HMA and SOL trading above the 10-EMA and 10-SMA are bullish signals hinting at further upswings. Set to be at the forefront of this cycle, it is among the best altcoins to invest in.
As an emerging cryptocurrency and new ICO, IntelMarkets (INTL) has plenty of room for growth. Its AI-DeFi narrative further paints a bullish picture, primed to skyrocket after its debut. As a solid contender against Toncoin (SOL) and Solana (SOL), it is a good crypto to buy.
