Interest in the cryptocurrency market is growing due to price fluctuations in prominent coins. While Bitcoin is aiming for higher prices, other cryptocurrencies are also showing signs of being ready to break through key resistance levels.
Many Altcoin and memecoins, including Bitcoin Cash, Toncoin, and Pepe, are experiencing a bullish trend. According to market data for these cryptocurrencies, some have made gains over the same period and could see even higher gains. It is becoming increasingly clear that some of these tokens will be the next explosive cryptocurrencies.
The Next Cryptocurrency to Explode in the Bull Market
PEPE
Pepe’s price against the dollar has surged 58% in a month. This increase has led traders to believe that holding the stock regularly will perform better than using leverage. A well-known trader who has made a lot of money using BRETT shared an interesting idea about trading Pepe without leverage. He suggested that the market could soon become very active and stressed the importance of discipline when buying during quiet periods.
The market could get crazy soon, the trader said, noting that a portfolio with 100% regular Pepe holdings would likely outperform most markets during this period.
Pepe has sparked interest as its price climbed to an all-time high. It is trading at $0.000009507, showing strength even amid market uncertainty. Despite a sharp sell-off, Pepe has rebounded, attracting the attention of big investors. With a market cap of $4 billion, it has attracted the attention of top analysts who support the project.
Furthermore, Pepe has found a special place in the cryptocurrency space. This can keep people interested and perhaps even drive up its value further.
BCH
Bitcoin Cash (BCH) has become a major player in the cryptocurrency world with a 250% price increase this year. Its focus on security and scalability stands out, especially in the decentralized finance (defi) sector. With a market capitalization of $8.7 billion, Bitcoin Cash has established its dominance, attracting traders and cryptocurrency enthusiasts.
Recently, Bitcoin Cash has experienced a price decline along with Bitcoin and Ethereum. BCH fell below the key support levels of $450 and $440, entering a short-term bearish phase. Despite the downturn, Bitcoin Cash is showing signs of optimism, with analysts predicting a possible recovery. BCH has shown some resilience in the past 24 hours, rising 2.15% to $442.80.
Additionally, with a potential partnership with the Cardano network on the horizon, analysts predict that the token’s value will rise in the future. If market conditions prompt a short squeeze to previous liquidation levels, the price of Bitcoin Cash (BCH) could rise by as much as 45%.
Investors who participated in short selling have received strong returns over the past two months. However, market conditions suggest that prices may rise, especially for Bitcoin Cash (BCH).
TON
This week, Toncoin surged 24.35% to 6.44 euros. The TON ecosystem, which hosts advanced artificial intelligence applications, has attracted cryptocurrency investors due to the promising opportunities in this fast-growing field.
Toncoin’s price has been trading impressively over the past few weeks, reaching highs near the overhead resistance zone. This zone represents price levels where selling pressure is expected to be strong and could hinder further price gains. This is the last hurdle before new all-time highs (ATH). Although the trading environment appears to be optimistic, technical indicators suggest that a pullback is possible as the bullish momentum may weaken.
The Relative Strength Index (RSI) is close to entering the overbought zone, and the Directional Movement Index (DMI) may turn bearish before hitting the upper limit. This analysis suggests that the price of Toncoin may consolidate between $7.2 and $7.6 before breaking out to $8 and setting a new all-time high.
After this, buying volume is likely to decrease, relieving some of the pressure and potentially causing the price to pull back to test support around $6.6. Even if this support fails, the market is expected to recover and the price will stabilize around $5.5.
Meanwhile, TON is gaining popularity in the DeFi space, with its total locked value (TVL) growing by a massive 20x in the past two months. This growth indicates growing adoption and confidence in the TON ecosystem.
Additionally, the project announced several notable partnerships and integrations, strengthening its position in the market. These developments are likely to drive further growth and adoption of $TON.
BONK
Despite the recent decline, BONK is still on the rise. Its price range is currently between $0.00002088 and $0.00002626. It is down 11.08% in the past week, but has surged 35.00% in over a month. Looking back six months ago, it surged an impressive 910.38%.
Bonk’s nearest resistance is $0.00002977, while support is $0.00001902. These price movements suggest bigger moves ahead. The RSI (Relative Strength Index) is at 61.47, indicating that there are more buyers than sellers, but the higher Stochastics suggest a possible overbought condition. The MACD level remains unchanged, with momentum uncertain.
In December 2023, Bonk surprised everyone with a massive 343% increase in its share price. This increase caught the attention of experienced investors, indicating that traders made a smart move. When Bonk reached a high of $0.00005500, it revealed the hidden possibilities in the world of digital assets.
BNB
BNB has recently attracted a lot of attention due to traders’ bold prediction of a price target of $800. This prediction highlights the potential of the coin in the cryptocurrency market. This surge in interest coincides with on-chain activity within the BNB chain ecosystem.
The indicator shows that the number of daily active addresses on the BNB chain has increased significantly, from 1 million in early April to 2 million at the end of the month. At the same time, the daily transaction volume on the BNB chain has more than doubled, soaring from around 3 million to more than 6 million.
These on-chain activities highlight BNB’s expanding utility and relevance, indicating a promising future for the token’s value. At press time, BNB is trading at $597.49, up 1.19% over the past 24 hours. Market sentiment is currently bullish, with the Fear and Greed Index at 57 (Greed).
Furthermore, BNB is trading significantly above its 200-day simple moving average (SMA) at 39.88%, or $427.54. Moreover, BNB has shown a positive performance in terms of token sales when measured against USD, BTC, and ETH.
The token’s resilient performance and growth bodes well for a potentially exciting future for the cryptocurrency industry. The BNB ecosystem’s solid foundation and expanding functionality, coupled with trader optimism, are pushing price predictions to new heights.
