Bitcoin Smashes $110k: Top 3 Altcoins That Are Set to Explode Next

Bitcoin has soared past the $110,000 mark, capturing global attention and sparking excitement in the crypto market. This surge sets the stage for other digital currencies to shine. Discover the top three altcoins poised for significant growth, ready to ride the wave of Bitcoin's impressive rally. Find out which coins are primed to take off next.

SUI Price Recap: Past Weakness Followed by Recent Rally

SUI experienced a 9.55% decline over the past month and a steep 44.39% drop over the last six months. A recent surge saw a 12.94% gain in the past week, indicating a brief recovery amid ongoing uncertainty. The price performance shows marked volatility, reflecting shifting market sentiment and periods of bearish pressure following significant downturns.

The current trading range is between $2.19 and $3.48, with immediate resistance at $4.19 and support found at $1.59. Technical indicators present a mixed picture; momentum is modest, and the RSI hovers around 50, suggesting balance after the recent bounce, while other measures indicate lingering weakness. Bulls have gained recently, but the trend remains unclear. Traders might consider waiting near support levels for opportunities to buy, while sellers could target resistance levels.

Cosmos (ATOM) Price Trends and Key Trading Levels

Cosmos experienced a 7.5% drop over the past month and a steep decline of nearly 44% over the last six months. Price action over the past week showed a modest gain of about 4.8%, highlighting a coin that has struggled to maintain upward momentum. Overall, the trend points to ongoing weakness, with historical price behavior indicating a longer-term bearish sentiment. Despite the brief recovery, challenges remain in reversing the downturn, leaving investors cautious about future movement.

The current trading band for Cosmos rests between $3.56 and $4.63. Immediate support is positioned at $3.03, with resistance at $5.16. The relative strength index around 48.51 reflects a balance between buying and selling pressures, though negative readings from momentum measures suggest bears remain dominant. The recent uptick hasn't significantly shifted the trend, prompting traders to watch for a potential bounce near support or a breakout at resistance as market conditions evolve.

Ethena (ENA) Price Snapshot: Past Performance and Current Levels

Over the past month, ETHENA experienced a notable drop of 22.18% from its price levels, while a one-week uptick of 5.04% offered a brief glimpse of recovery. Over the last six months, the coin suffered a steep decline of 78.64%. Price movements ranged between $0.2011 and $0.3549, marking clear volatility. Data shows that ETHENA’s performance has been considerably downbeat, emphasizing the impact of bearish market influences and investor caution.

Currently, the coin trades within a range that sets a strong support at $0.13 and offers a nearest resistance of $0.44, with a second resistance level at $0.59. Trading decisions depend on whether bulls can push the price above these resistance areas or if bears will keep the coin anchored near its low points. The momentum indicator sits very low at -0.0049, suggesting bears dominate given the falling moving average. Traders might consider short-term buying opportunities near the support level or betting on a break above the $0.44 resistance.

Conclusion

As Bitcoin crosses the $110k mark, attention now shifts to other promising coins. SUI, known for its strong community and unique features, is expected to gain traction. ATOM shows potential due to its interoperability between different blockchains. ENA, with its innovative technology, could also see significant growth. These altcoins are positioned to perform well in the coming days.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.