The cryptocurrency market has experienced a significant bullish recovery this week, with major altcoins demonstrating exciting price action. Investors are eagerly looking forward to multiple tokens potentially reaching new all-time highs (ATH) soon. With the prevailing positive market sentiment, one might wonder if it’s the right time to dive into altcoin investments this week. Join us as we explore some promising altcoins that could see substantial gains shortly.
Solana (SOL)
Solana (SOL) has had a mixed week, reflecting a 3.25% decline in the last seven days. Nevertheless, it has shown resilience, boasting an impressive 39.38% increase over the past month and a year-to-date (YTD) return of +35.54%. With a current market capitalization of $124.801 billion, Solana sits firmly in the 5th position across the global crypto market.
On the technical front, the Simple Moving Average (SMA) indicates consistent support for the SOL price chart over the 1D time frame. However, the Relative Strength Index (RSI) displays a mixed sentiment, suggesting increased uncertainty among traders regarding Solana’s short-term price action.
If bullish momentum returns, SOL could breach its resistance level at $270 and potentially rise to around $300. Conversely, if bearish sentiment prevails, it could pull back towards a low of $230. Curious about Solana’s long-term outlook? Check out our in-depth Solana Price Prediction!
Biget Token (BGB)
Biget Token (BGB) has been making headlines recently due to its notable price performance over the last 60 days. The coin has established an expanding channel pattern since December 2024, which has sparked considerable interest from traders.
The Moving Average Convergence Divergence (MACD) shows a gradual decline in the red histogram, suggesting a potential bullish convergence on the horizon. This indicator points to an increase in buying pressure over selling, which could be a positive sign for BGB.
If BGB maintains its upward trajectory, it is well-positioned to hit its upper resistance level at $10. However, a failure to maintain bullish control could lead to a drop, breaking below the support level of $7, potentially falling to around $5.50. For those considering investments in exchange tokens, don’t miss our Bitget Token Price Prediction for 2025, 2026, and beyond!
Gate Token (GT)
Gate Token (GT) has captured attention with its recent bullish price movements, showcasing a substantial growth of 24.66% over the past week and a staggering 62.71% rise in the last month. With a market capitalization of $2.251 billion, GT has seen over a 52% increase this year, indicating robust bullish sentiment.
In terms of indicators, the RSI remains firmly above the overbought range, suggesting potential caution ahead. However, the continuous support from the SMA offers a positive outlook for this exchange token in the coming week.
Should the bulls continue to assert dominance, GT might aim for a target price of $30. On the flip side, any bearish reversals could pull prices towards a lower support level of $22. Interested in whether Ethereum will reach a new ATH this year? Check out our Ethereum Price Prediction!
FAQs
The SOL coin price can achieve this milestone by recording a surge of 295.25% in its current market valuation.
At the time of writing, the value of one SOL crypto was $253.
With a 24-hour trading volume of $481.23 million, the BGB token is exchanging hands at $7.440.
The ATH of GT crypto token is $25.95 and was achieved on 25th January 2025.
