Best Solana-Based Altcoins to Stack When the Market Turns Bullish!
Due to the increasing price volatility in the cryptocurrency market, the price of Solana has successfully recovered and has increased by 10.56% in the last seven days. With this, the altcoin surpassed the market value of the Binance (BNB) coin and gained the position of the 4th largest crypto token.
Following this, the top SOL-based altcoins experienced similar price action and saw significant increases in their respective portfolios. With the current market sentiment, will the Solana Ecosystem regain its lost momentum and head for new highs?
Dive in, in this article we've identified Solana-based altcoins that have the highest potential to record huge upside in their respective portfolios.
Jeto (Jeto):
Gito Token has successfully recovered and recorded an increase of approximately 10% in the last 24 hours and 15.03% in the last week. It has also gained 34.52% in the last 30 days and has given its long-term investors a YTD return of 70.92%.
Technical indicators, SMA and MACD have shown a strong bullish rise on their respective charts in the 1D time frame. This shows a positive impact on the crypto space.
If the market holds the price of JTO above the support level of $3.010, the bulls will continue to trade with high sentiment and prepare to test the upper resistance level of $3.80 next time. On the contrary, a trend reversal could drag Gito price down to a low of $2.260.
Jupiter (JUP):
The price of Jupiter continued to trade on high sentiment, adding 13.18% to the portfolio in the last day with a trading volume of $167.627 million. It has also risen 11.71% in the past seven days and 48.04% since its inception.
The Relative Strength Index (RSI) recorded a strong convergence with its average trend line and showed a sharp rise into the overbought region on Jupiter's price chart. This indicates that the price of JUP will continue to rise this weekend.
If the bulls push JUP coin price above the $1.160 resistance, the altcoin is set to test the $1.4950 high next time. However, if the bears regain their strength, Jupiter Crypto may retest the $0.8445 support level.
The graph (GRT):
After briefly trading in bearish sentiment, the GRT price recorded a roughly 3% jump. Moreover, with a trading value of $0.1998 and a capitalization of $1.910 billion, it ranks 51st among 100 cryptocurrencies by market value.
The 50-day EMA acts as resistance to the GRT price in the 1D time frame, indicating strong bearish power in the crypto space.
In addition, the MACD indicator showed a persistent decline on the green histogram. However, the averages record a neutral trend, which suggests uncertainty over Graph Token's future price action.
Keeping the price above the important support level could set the stage for the GRT price to head towards the top resistance level of $0.2650. On the negative side, a bearish scenario could cause the price of the graph to drop to the critical support level of $0.1375.
