The crypto market might be choppy, but it’s creating opportunities for investors to stack promising altcoins before the next bounce. According to an analyst, with Bitcoin holding steady near $108,000, several altcoins are showing signs of bouncing back.
Altcoin 1: Solana
Solana (SOL) remains one of the top tokens to stack right now. Price recently bounced around the $150 support zone, and as long as it stays above $146, SOL could aim for $160-$165 in the short term. Solana continues to attract developers and is often seen as a high-potential layer-1 token for the next alt season.
Altcoin 2: Ethereum
Ethereum (ETH) is another solid bet, holding near its key $2,490 support. This zone marks ETH’s 200-day moving average and a crucial bullish level. If the market turns around, ETH could be one of the first majors to push higher, especially with activity on its network staying strong.
Altcoin 3: XRP
XRP’s latest chart action has traders watching closely as it approaches a critical resistance level, the 200-day moving average (MA). Historically, this level has acted as both strong support and resistance for XRP, and it’s currently blocking the token’s upward movement. For short-term, support levels to watch are around $2.31 and $2.295. These are possible dip-buy zones where a quick bounce might occur if the price drops.
Other Altcoin Plays
Lastly, meme coins like Bonk (BONK) and Popcat (POPCAT) are on analysts’ radars for high-risk, high-reward plays. Bonk has been seeing fresh interest from smart money, while Popcat is testing key support around $0.285, with expectations of a short-term bounce from these oversold levels.
Virtuals is also hitting a big demand area near $1.47. With multiple indicators like trend lines and moving averages lining up, the analyst expects a bounce of 5-8% soon. It might not be a trend reversal yet, but it’s a spot where short-term upside could play out.
SUI is approaching its first major support at $2.78. If the dip continues, a stronger demand zone sits at $2.60. These levels could offer good entries for those looking to build positions at lower risk points.
