Can Surging On-Chain Activity Spark June’s 50% Altcoin Super-Rally? Top 3 Altcoins to Buy Now
A significant rise in blockchain activity could be the catalyst for a major altcoin rally this June. Some digital assets appear primed for substantial gains. This article delves into the top contenders poised for impressive growth, revealing the three altcoins that might just lead the charge. Discover which coins to watch closely for potential investment opportunities.
Hyperliquid Altcoin Exhibiting Bullish Growth and Key Levels
Hyperliquid has shown notable price movements over the past month and six months. It recorded a gain of 72.61% in the past month and an impressive rise of 261.61% over the last six months. Although there has been a slight decline of 2.67% in the most recent week, indicating a short-term correction, the overall trend remains upward. The strong performance in these periods reflects growing investor interest and a bullish sentiment in the altcoin sector. The price fluctuations indicate a volatility that is linked to the ongoing trends in the crypto bull run.
The current price action shows a trading range between $21.20 and $42.08, with bulls currently in control. Immediate resistance is at $51.47, while a higher resistance level is found at $72.35. Support rests at $9.73, where buying interest may return if prices decline. Key indicators, including the Awesome Oscillator and momentum readings, suggest positive strength, although the RSI indicates approaching overbought territory. Strategies may involve purchasing near support levels and targeting breakouts above the resistance at $51.47, while keeping an eye on potential short-term corrections.
SUI Coin Behavior Amid Recent Market Trends
SUI experienced a monthly slip of around 0.53% and a six-month decline of nearly 9.88%. A one-week drop of roughly 4.97% affected its trading range between $2.77 and $4.01. Price movements indicated downward pressure with intermittent rebounds and modest resistance shaping its path. The market has shown caution, marked by short-term corrections that have led to consolidations near established levels. This reflects a balance between losses and rebound opportunities, supported by recent market indicators that highlight shifts in trend over the past weeks and months.
SUI currently trades between $2.77 and $4.01, with support at $2.29 and a secondary floor at $1.05. Resistance is noted at $4.77, with further resistance at $6.01. Technical indicators show a lingering bearish influence, as the Awesome Oscillator reads -0.345 and the Momentum Indicator stands at -0.307, indicating downward pressure from sellers. The RSI, at 42.79, highlights weak buying momentum. Bulls seem less active, and the market lacks a clear trend. Trading strategies should focus on the stability of key levels, considering positions near the lower support or rebounds near resistance, while closely monitoring market signals for potential shifts.
Toncoin’s Recent Roller-Coaster Journey
Over the past month, Toncoin climbed steadily, gaining approximately 3.73%, signaling a recovery and renewed interest among traders. However, the last six months presented a different story, with a substantial drop of around 53.60%, which tested the confidence of many investors. This price behavior illustrates rapid fluctuations that have made traders more cautious, as they keep a close eye on developing trends in the market.
The current price range is between $2.79 and $3.61, with key resistance levels at $4.06 and $4.88. Immediate support is found at $2.43, with a fallback level at $1.61. The 52.008 relative strength index and moderate momentum indicate a balance between buyers and sellers, with neither side holding a decisive advantage. A one-week change of 7.78% hints that bulls are attempting to initiate a move upwards. Traders might look to enter positions within this range, aiming for a break above the first resistance point while being cautious of a potential drop below key support levels.
Conclusion
The rise in on-chain activity points to a potential major rally in June. HYPE is drawing attention for its innovative features. SUI appears poised for strong performance due to its increasing user base. TON’s recent updates make it a promising pick. Focusing on these altcoins could yield significant returns.
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.
