Altcoins
5 Altcoins to Watch in July 2024
The crypto market has been growing significantly for quite some time now and continues to do so, leading to the emergence of new altcoins every day. Filtering out which ones you should invest your efforts and money in has thus become a difficult task.
To make things easier for you, BeInCrypto has compiled a list of altcoins to watch in July to take advantage of the market.
Toncoin (TON)
Telegram Toncoin token price is one of the best performing assets this quarter. The altcoin not only reached a new all-time high in early June, but is on the verge of setting a new one.
Trading at $7.6, TON could make a move to invalidate the existing all-time high of $8.2 to break above $8.5. The existing uptrend line has been consistently tested and has remained unbroken to date, solidifying it as a support floor.
Learn more: What are Telegram Bot Coins?
TON Price Analysis. Source : TradingView
In case the uptrend is broken, the price of Toncoin could see a decline to $7.
Notcoin (NOT)
Another Telegram token you should keep an eye on is Notcoin (NOT). The native token of the Telegram-based web3 game did NOT surprise the market with a 317% rally shortly after its launch.
Although the last few days have not been very successful for the altcoin, this week it has NOT managed to break above the downtrend line. If this holds, the altcoin could begin to recoup lost profits by reaching $0.020, up from the trading price of $0.015.
Learn more: What is Notcoin (PAS)? A Guide to the Telegram-Based GameFi Token
On the other hand, loss of the $0.013 support could lead to invalidation of the bullish thesis and prolonged losses.
Solana (SOL)
Solana’s price is more related to the demand of the last few weeks, mainly driven by institutional interest. The CoinShares report highlighted that as of June 21, GROUND had noted entries worth approximately $3.3 million.
This is higher than its competitors, including Litecoin (LTC), Chain link (LINK) and Ripple (XRP). If the altcoin breaks through the resistance at $156, it could push SOL from $144 to $169.
Learn more: Solana (SOL) Price Prediction 2024/2025/2030
However, a failed breach could take it back to $126, which has been consolidated as a support floor over the past three months.
Kaspa (KAS)
Kaspa price could reach a new all-time high in the coming month as the altcoin has maintained its bullish trend. The uptrend that began in early May has held, and KAS trading at $0.177 could take advantage of this.
The current all-time high is $0.193 and to surpass it, Kaspa price would first need to surpass $0.184. Moving him into support would give KAS the boost needed to establish a new ATH.
Learn more: Kaspa (KAS) Price Prediction 2024/2025/2030
History could repeat itself, however, as the stock has failed to close above this resistance three times in the past four months. Therefore, Kas could end up consolidating above $0.162.
Brett (BRETT)
The meme cryptocurrency, also known as PEPE’s best friend, has had an impressive run. Based on Coinbase’s BASE chain, the cryptocurrency has seen immense gains. During the first week of June, Brett’s price rose over 132% before correcting.
BRETT’s all-time high is $0.195, and the meme coin could surpass it. Given that the hype and demand around the altcoin is still high, it could benefit from it.
Learn more: 4 Cryptos That Could Hit New All-Time Highs in July 2024
However, knowing the history of meme coins and the volatility that goes with it, there is a chance that this breach will fail. As a result, a drawdown to $0.140 is possible, which would invalidate the bullish thesis.
Disclaimer
In accordance with the Trust Project This price analysis article is provided for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our Terms and conditions, Privacy PolicyAnd Disclaimer have been updated.