In recent times, the cryptocurrency arena has been abuzz with speculations of a potential altcoin surge. Investors have been keenly observing alternative coins that might spearhead this anticipated rally. As Bitcoin (BTC) continues its stellar performance, altcoins like Solana, Optimism, KyberNetwork, and Aptos are jostling for prominence, showing signs on the charts of an imminent significant shift.
A renowned crypto analyst, CryptoBusy, has recently shared a Twitter post that delves into the potential of SOL, OP, KNC, and APT:
Solana, the blockchain platform, has made substantial strides in the market, demonstrating robust growth and technological advancements. SOL recently dipped below the $20 mark, with bears controlling its price. However, there’s potential for a breakout, especially if SOL breaches the $20 resistance level.
The circulating supply of SOL has seen a notable increase, which could potentially drive its price upwards. Currently, SOL is valued at $18.63, reflecting a 2.12% increase over the last 24 hours. If it successfully overcomes resistance, SOL might be on the path to reaching new record highs.
Next up is Optimism, the Ethereum scaling solution which is catching attention, not only for its utility but also for its strong technicalities. The indicators are overwhelmingly bullish, with a rising trend line and increasing volume. Optimism is carving a reputation as a reliable Ethereum Layer 2 option, and its charts reflect this positive sentiment.
Optimism price has been trading in a tight range for the past several weeks. However, it appears that the coin could be set to break out and reach record highs in September, as more investors are optimistic about the potential of the coin. Optimism’s price is currently at $1.35, with a 24-hour decrease of 0.14%. Over the past 7-days, the coin has gained over 1.88% in value.
KyberNetwork, a decentralized exchange, is another coin that investors should monitor. The coin’s technical charts display an ascending triangle, a classic sign of an upcoming bullish run. The token has been in the market for quite some time and has a proven track record, which makes its bullish signals even more significant.
KyberNetwork’s price is at $0.5173, with a 24-hour increase of 0.29%. If bulls manage to maintain control of the coin’s price in the coming days, it could be set to skyrocket and hit the resistance level of $0.5500.
Lastly, Aptos is a relatively new entrant but has shown promising signs in its charts. With a double bottom pattern and strong support levels, Aptos could be a dark horse in this race. Given its recent technical developments and the market’s growing interest, it is an altcoin that warrants closer scrutiny.
Aptos is also ready for a big move, based on the charts, as its price has been decreasing steadily in the past few days. Aptos is trading at $5.16, with a 24-hour decrease of 0.30%. The support level for the APT is at $5.10, while the resistance level is at $5.60, so if the altcoin succeeds in pushing through these levels, it could be set to soar.
