• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Solana Leads Altcoin Social Activity, Will ETH, XRP, DOGE Follow?
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Price Analysis > Solana Leads Altcoin Social Activity, Will ETH, XRP, DOGE Follow?
Price Analysis

Solana Leads Altcoin Social Activity, Will ETH, XRP, DOGE Follow?

vitalclick
Last updated: September 24, 2024 12:18 pm
8 months ago
Share
SHARE

Contents
Top Altcoins With Social Activity Surge:Ethereum (ETH)Solana (SOL)XRPDogecoin (DOGE)Toncoin (TON)

In a recent tweet, Lunar Crush revealed that Solana has had more total social engagements than ETH in the last six months. The data comes from multiple social channels and shows the top altcoins, TON, DOGE, XRP, and BNB, following the trend. 

As the social engagement of these tokens is on the rise, the price action reveals a bull run ahead. So, will the rising demand lead to new swing highs for these tokens? 

Top Altcoins With Social Activity Surge:

Ethereum (ETH)

With the following wedge breakout in the daily chart, the Ethereum price action reveals a bullish trend ahead. The uptrend in the altcoin surpasses the crucial 50-day EMA and is ready to reclaim the $2,700 mark. 

Tradingview

The Ethereum price is trading at $2,646, following the last-night recovery run of 2.55%; a bullish engulfing candle teases an uptrend continuation. With the next resistance at $2,878 near the 200-day EMA, the rising social engagement of Ethereum bolsters the chances for the biggest altcoin. 

Solana (SOL)

The recent bullish reversal in SOL price from the $125 support zone is facing opposition near the $150 psychological mark. Nevertheless, with the potential morning star forming at the 50-day EMA, the upside chances are increasing for the altcoin to challenge the $163 swing high. 

SOL price chart

Tradingview

Based on the Solana price action, the upside targets are present at $187 and $201. 

XRP

Coming to the XRP, the recovery run in XRP faces resistance from a long-coming resistance trend line, keeping the bullish growth under check since March 2024. The V-shaped reversal in the altcoin shows a decline at the 61.80% Fibonacci level near the $0.60 mark. 

XRP price chart

TradingView

A bullish breakout for XRP will likely hit $0.65 or $0.72, near the 78.60% or 100% Fibonacci levels, respectively.

Curious if the XRP price will hit $1 in 2024? Find out now in Coinpedia’s XRP price prediction for 2024 and the years to follow.

Dogecoin (DOGE)

With a triangle breakout rally in the daily chart, the Dogecoin price is ready for a bullish trend ahead. However, Dogecoin’s price struggles to bounce from the 50-day EMA as it shifts sideways. 

DOGE price chart

TradingView

Currently, the altcoin is trading at $0.1082, as it asserts dominance over the $0.10 psychological mark. With the next resistance at the 200-day EMA at $0.1177, the Dogecoin price will likely challenge the 23.60% Fibonacci level at $0.1239. 

With a long-coming triangle pattern breakout, the V-shaped recovery in Dogecoin teases a high likelihood of a trend reversal rally. Furthermore, in the recent surge in social engagement, Dogecoin revealed 1.36 billion engagements, which has increased by 10 million.

Toncoin (TON)

With a falling channel pattern in the daily chart, the uptrend in Toncoin struggles to reach the overhead trendline. Currently, the TON price takes a lateral shift below the 200-day EMA and takes support at the 23.60% Fibonacci level at $5.47.

TON price chart

TradingView

Nevertheless, the improving Toncoin market sentiment and the growing social engagement bolster the chances of a bull run. Based on the Fibonacci levels, an upside breakout in the altcoinn can reach the 78.60% Fibonacci level at $7.42. 

You Might Also Like

Sui Price Slips 23%, Is This The Final Dip Before A Run To $3?

Have the Bulls Taken Over the Rally or More Bearish Action is On the Horizon for the BTC Price Rally

FTX Token To Hit New 52-week High With A 20% Rally?

Memecoins Breaking Out—SHIB, PEPE, & FARTCOIN Attract Massive Gains!

Is a 100% Rise on the Horizon?

TAGGED:Price Analysis
Share This Article
Facebook Twitter Email Print
Previous Article Cryptocurrency World Unites Against SEC Chairman Gary Gensler, Who Prepares to Testify Before Congress!
Next Article IntelMarkets Emerges as the Best Newcomer To Watch Out for This Year
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?