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Cryptocurrency News Articles

These Undervalued Cryptocurrencies Are Poised for Massive Growth in the Coming Year

Dec 26, 2024 at 12:10 am

Hidden gems in the cryptocurrency market may offer incredible returns in the coming year. Some undervalued digital assets are on the brink of massive growth, potentially multiplying investments many times over. This article explores promising cryptocurrencies that could soar in value, presenting opportunities for those looking to capitalize on the next big surge.

These Undervalued Cryptocurrencies Are Poised for Massive Growth in the Coming Year

These cryptocurrencies are poised for massive growth in the coming year.

Solana (SOL)

Solana (SOL) is a high-performance blockchain that aims to provide fast and scalable transactions. Despite a recent downturn in the crypto market, SOL is showing signs of potential growth. Its current price ranges between $160.72 and $214.48. The nearest resistance level is at $249, and breaking this could propel the price higher towards $302.

The relative strength index (RSI) is at 38.17, indicating that SOL is nearing oversold territory. The stochastic indicator is also low at 16.72, which often precedes increases in the price.

While the 1-week and 1-month price changes are down by over 20% and 30%, respectively, the 6-month change remains positive at 30.16%. With the altcoin season on the horizon and a global crypto bull run expected, Solana could see significant upward movement soon.

Cosmos (ATOM)

Cosmos (ATOM) is a blockchain network that aims to connect different blockchains and enable interoperability. Despite recent crypto market dips, ATOM is showing signs of a possible upward move.

Trading between $5.06 and $8.52, it’s below the 100-day simple moving average of $6.82. The Relative Strength Index (RSI) is around 38, indicating it’s nearing oversold territory. This could lead to increased buying interest.

If ATOM surpasses the nearest resistance at $10, it may target the next level at $14. This would be an increase of over 60% from current prices. With the anticipated altcoin season and a bullish crypto market, Cosmos has the potential for significant growth in the coming period.

CHILLGUY (CHILLGUY)

CHILLGUY (CHILLGUY) is a cryptocurrency that aims to provide fast and feeless transactions. Despite a recent downturn in the crypto market, CHILLGUY is showing signs of potential growth. Just a chill guy (CHILLGUY) is trading between $0.10 and $0.33, showing signs of consolidation.

The RSI is at 49.59, indicating the market is ready for a move. The Stochastic oscillator is also low at 15.39, suggesting the coin is oversold and could rebound soon.

With the MACD level positive at 0.0018, momentum might be shifting upwards. The next resistance is at $0.47, and breaking this could see CHILLGUY reaching $0.70, which would be over a 100% gain from current levels.

With altcoin season approaching, CHILLGUY could be poised for significant growth despite recent declines.

Polkadot (DOT)

Polkadot (DOT) is a blockchain network that aims to connect multiple blockchains and enable cross-chain communication. Despite a recent weekly dip of over 25%, DOT is showing signs of upward momentum. Currently trading near the lower end of its price range, indicators suggest a potential reversal.

The Relative Strength Index (RSI) is around 38, hinting at an oversold condition. The stochastic oscillator is also low, indicating possible bullish activity ahead.

If DOT can break through the nearest resistance level at $10, it could target the next resistance at $13.63. This move would represent a significant gain of more than 50% from current levels.

With the anticipated altcoin season and a global crypto bull run on the horizon, Polkadot might be ready to capitalize on market optimism.

News source:crypto.news

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