Major Signal Indicates Altcoin Season Is Approaching: Top Picks to Consider Before It Begins

The post Major Signal Indicates Altcoin Season Is Approaching: Top Picks to Consider Before It Begins appeared first on Coinpedia Fintech News

A significant indicator suggests the imminent arrival of a season where lesser-known cryptocurrencies could shine. This period presents an opportunity for savvy investors to identify and invest in potential high-growth alternatives to leading coins. While the bull market of 2024 continues, understanding which coins might outperform in this climate is crucial. This article examines the top contenders that could benefit most from the trend, promising an engaging exploration for those looking to diversify or optimize their investment portfolio before the wave hits.

CYBRO Presale: Meet the First-Ever Earn Marketplace on Blast

CYBRO introduces a unified marketplace for consistent crypto earnings, utilizing the Blast blockchain’s innovation. Launching in Q2 2024, the platform invites early investors to its presale for favorable entry terms.

From now on, CYBRO offers its native tokens at attractive prices, starting from just $0.020 apiece, an astounding 66% discount. Token holders will gain preferential access to marketplace services and various bonuses for an enhanced earning experience.

CYBRO will equip users with tools for increased income generation, such as staking, leverage farming, and lending. Enhancing Blast’s competitive interest rates, CYBRO will initially focus on high-yield staking, bolstered by state-of-the-art crypto-fiat and self-custody options.

Beyond staking, CYBRO tokens will enable an exclusive Airdrop, marketplace cashback,  reduced trading and lending fees, and the in-house insurance program.

This robust functionality positions CYBRO for potential value growth just after the TGE in Q3 2024, significantly benefiting presale investors.

>>CYBRO Presale Is NOW Live<<

NEAR Protocol’s Steady Climb: Price Analysis

NEAR Protocol (NEAR) is currently trading between $6.38 and $7.68, showing a slight increase of 4.61% over the last week. In the past month, the price dipped by 3.43%, while a significant rise of 405.83% is seen over the past six months. Currently, NEAR seems to be in a corrective phase as it is below the 10-day and 100-day simple moving averages.

Looking ahead, NEAR may face challenges pushing past the resistance at $8.31. If it breaks through, the next target would be near $9.61. On the downside, if NEAR drops, it might find support at $5.71, with a further safety net at $4.41. While momentum indicators like the RSI and Stochastic hint at possible underactivity in the market, the massive gains over six months suggest NEAR carries potential for growth balanced by normal market fluctuations.

Solana’s Price Performance and Future Outlook

Solana’s price has seen varied moves lately. Over the past week, SOL dropped by 9.50%, worsening to a monthly decline of 29.92%. However, looking back six months, the coin presents an impressive leap of 250.42%. Currently, SOL swings between $127.29 and $154.39, with a downward pressure suggested by a MACD level of -1.39. The coin’s movements tend towards corrective, given the recent declines from its higher levels.

SOL stands at a crossroads with potential for both gains and pullbacks. Its current distance from the nearest resistance at $170.79 and support at $116.59 presents a tug-of-war scenario for its direction. With a relative strength index (RSI) of 40.83, SOL isn’t in the oversold territory yet, signalling cautious room for upside. Moving forward, if the coin can muster positive momentum, a push towards higher resistance levels might be on the cards. Conversely, losing ground could see it test the support levels below, especially if broader market sentiment sours.

Polygon (MATIC) Price Fluctuation and Movement Analysis

MATIC’s price has seen diverse changes, dropping 2.10% over the past week and 29.54% in the last month. However, in the past six months, there has been a 9.90% increase. The coin currently trades between $0.68 and $0.76. The price actions suggest a corrective phase, as it moves below the simple moving averages with RSI and Stochastic indicating it’s not in the overbought area.

Looking ahead, MATIC might rebound towards the first resistance at $0.81, potentially touching the second at $0.89 if the bulls take control. On the downside, if it breaks the $0.64 support, the next line of defense is at $0.56. Investors are watching the market, hopeful but careful, as fluctuations continue. The mix of technical indicators suggests the possibility for both growth and decline, so a cautious approach is advised.

Pyth Network Crypto Price Swings and Analysis

The Pyth Network (PYTH) has seen varied activity with its prices moving between $0.51 and $0.67 recently. Over the past week, PYTH’s price has dipped by 17.09%, and the past month shows a more significant drop of 39.38%. However, looking back six months, the coin has increased by 43.71%. With a current RSI of 39.44 and a MACD level at -0.0075, the price movements seem to be more corrective rather than impulsive.

Looking ahead for the Pyth Network, it’s a mix of ups and downs. The nearest resistance stands at $0.77, which PYTH might aim for if it gains momentum. However, investors should also watch for the support level at $0.45, which could catch the price if it falls. The technical indicators offer a balanced view, neither strongly bullish nor bearish, suggesting that PYTH might hover around its current range before making a significant move in either direction.

Conclusion

Altcoins like NEAR, SOL, MATIC, and PYTH are gaining attention. However, their short-term potential might be limited. Focus is turning to CYBRO, a unique platform setting up to harness the yield abilities of the Blast blockchain. CYBRO’s upcoming launch in Q2 2024 presents an exciting opportunity. Early backers have the chance to join the CYBRO token presale and get involved from the outset. This could be a strategic move for investors looking to capitalize on the new cycle.

• Site: https://cybro.io
• Twitter: https://twitter.com/Cybro_io
• Discord: https://discord.gg/xFMGDQPhrB
• Telegram: https://t.me/cybro_io