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Crypto market shakes up with $494M in liquidations as five altcoins gear up for explosive growth.
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An unexpected shake-up has hit the crypto market, triggering liquidations worth $494 million. In the midst of this upheaval, five prominent altcoins are gearing up for potential explosive growth. Discover which cryptocurrencies are on the brink of a parabolic rally and what could be propelling their ascent.
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Solana surges: Can SOL break past $283?
Solana (SOL) is showing strong momentum, currently trading between $233 and $268, with a notable monthly gain of 54.71%. The coin is now approaching a key resistance level at $283. A breakthrough could potentially propel SOL to the next target at $318, marking a significant rise from its current range.
The Relative Strength Index (RSI) stands around 57, indicating there is still room for growth before overbought conditions are reached. Given its recent performance, Solana could continue its upward trend, potentially outpacing other altcoins during the anticipated bull run.
TRON uptrend continues: will $0.24 be the next breakout?
TRON (TRX) has been steadily climbing, trading between $0.19 and $0.23, with a remarkable growth of nearly 90% over the past six months. The price is approaching its immediate resistance at $0.24. A successful breakout could see TRX targeting the next resistance at $0.27, offering a promising opportunity for further gains.
With an RSI around 57 and a high Stochastic indicator, momentum remains strong. Both the 10-day and 100-day moving averages align at $0.21, providing consistent support. As altcoin season draws nearer, TRON seems poised for continued growth.
Aptos gains momentum amid altcoin season buzz
Aptos (APT) is gaining traction, trading between $11.29 and $13.62, and has surged over 41% in the past month. The nearest resistance level at $14.70 is now within reach, and a breakout could push APT towards the next target of $17.03—an increase of more than 36% from current levels.
The MACD indicator is showing positive signs, with both the 10-day and 100-day simple moving averages aligned around $12.30, reinforcing the uptrend. With an RSI of 58.09, Aptos still has room for growth before hitting overbought territory. As the market anticipates a broader bull run, APT could see significant gains.
Polygon targets $0.75 resistance after strong rally
Polygon (POL) has experienced an impressive rally, gaining over 77% in the past month, including a 42% jump in the last week. Currently trading between $0.44 and $0.66, the coin is holding above both its 10-day and 100-day simple moving averages. Technical indicators like RSI and MACD suggest bullish momentum.
The next resistance level at $0.75 could be key, with a potential rise to $0.96 if surpassed, marking a substantial increase from current prices. With altcoin season approaching, Polygon may continue to trend upwards.
Conclusion
Despite the market surge, SOL, TRX, APT, and POL have less short-term potential. DOGEN, a meme token for those seeking luxury and success, offers a better opportunity. Expected to grow 700% in presale with potential for thousand-fold returns, DOGEN follows successful tokens like BONK and Popcat, building a community of alpha leaders with real benefits and exclusive perks for early adopters.
For more information, visit the official DOGEN website and join the community on X and Telegram.
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This article first appeared at crypto.news
