#Altcoins on the Rise#

Altcoins on the Rise – Market Report & Strategic Outlook

General Overview:

The horizontal movement of Bitcoin dominance at around 64% in the cryptocurrency market indicates that capital is gradually shifting to altcoins. As the total market capitalization exceeds 4 trillion dollars, on-chain indicators are signaling that an alt season is on the horizon.

Featured Altcoins:

SUI is standing out with its on-chain transaction count and TVL growth. If the strong resistance at the $4.00 level is broken, momentum can be expected up to the $5.35 level.

ARB is attracting attention among Layer-2 projects with an increase in user numbers and growing TVL. Holding above the EMA 50 creates potential towards the $1.20 level in the short term.

LINK continues to lead in the oracle space. The large data integrations in recent weeks and the formation of a double bottom pattern bring the targets of $22 and then $28 into focus.

SOL is experiencing intense days in terms of network usage, along with memecoin and NFT traffic. Technically, a recovery towards the $300 levels may be possible with bullish harmonic structures and strong demand zones.

Strategic Assessment:

This period seems advantageous, especially for those operating with a gradual buying – net stop – targeted selling logic. Things to pay attention to in altcoins:
• Clear breakout of resistance zones
• On-chain data supporting the rise
• Volume supported technical formations

As a sample strategy, SUI may offer a buying opportunity in the $3.90 - $4.00 range. The stop area can be monitored at the $3.70 level. The first target can be set at $5.00, followed by $5.35.

Warning: This content is not investment advice. It has been shared for informational purposes. It is important to make decisions based on your own risk profile and research before making any transactions.