• 13 July, 2024
News

Identifying Potential Crypto Stars in 2024 – Keep an Eye on SOL, INJ, FET

In a pivotal move, renowned crypto analyst Crypto Tony, recently offered intriguing insights highlighting the ongoing hunt for potential breakthrough tokens like Solana (SOL), Injective  (INJ), and Fetch.ai (FET), with promising prospects expected in 2024. In a recent X post, Tony emphasized the continuous vigilance required within the market to identify and enter early into emerging opportunities.

In the context of SOL’s performance, the token made notable attempts to surge above the $100 resistance level. Despite briefly surpassing $105, bearish pressure emerged around the $125 threshold. Hitting a high near $125.97, SOL underwent a corrective downturn, slipping below the $115 support region. SOL is trading at $108.76, marking a 6.06% decrease in price within the last 24 hours and a 3.13% decline over the past 7 days.

SOL
Source: TradingView

Bears effectively drove prices under the 23.6% Fibonacci retracement level from the recent surge, eyeing support around $100 and $95. However, prospects for further gains remained, with resistance barriers at $125 and potential upward momentum towards $140 and $150.

Injective (INJ) encounters substantial resistance around the $39.97 mark while finding support at $35.3. Recent low-volume trading activity suggests a likelihood of impending selling pressures. INJ is currently trading at $37.25, revealing a notable 7.15% decrease in price within the last 24 hours and a marginal 1.20% decline over the past 7 days.

sol2
Source: TradingView

Fetch.ai (FET) has seen some fluctuations in its performance recently. Over the past week, its price has dropped from $0.74 to $0.72, and within the last 24 hours, it has dipped a further 2.78%, indicating a slightly bearish sentiment in the market. Currently, FET is trading at $0.72, and while there has been a short-term dip, the long-term outlook remains bullish. The circulating supply of FET stands at $1,043,462,805, which maintains a market cap of $751,598,439.

Source: TradingView

In the ever-evolving cryptocurrency market landscape, notable tokens such as SOL, INJ, and FET consistently undergo dynamic fluctuations, capturing the attention of industry experts like Crypto Tony. Their vigilance aims to observe and foresee the emergence of potential groundbreaking tokens projected to emerge within the sphere by 2024. This keen scrutiny stands as a testament to the ongoing evolution and complexity within the crypto space.

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