Top 2 Altcoins To Buy Along With Solana For 10,000% Gains In 2024
The breakout in Bitcoin price above $70,000 on Wednesday shows how eager investors are for the bull run in 2024. Altcoins to buy like Solana rallied alongside BTC in Q1 in the mini bull run buoyed by the approval of Bitcoin ETFs in January. The uptick in crypto prices significantly cooled down in April and May characterized by heightened volatility hinged on rising inflation, regulations, and geopolitical tensions.
Bitcoin crashed to $56,500 from an all-time high of $73,837 based on data from CoinGecko. Solana was also not spared by the volatility in April and May as it crashed from a yearly peak of $207 to $120.
Solana has since recovered above $170 but oscillating below resistance at $180. Investors desiring to achieve a more than 100x profit in their portfolios must diversify to other altcoins to buy including the newly launched Notcoin (NOT) and Floki, a leading meme coin.
1. Altcoins To Buy – Notcoin (NOT)
Notcoin has sustained a 120% increase in value in the last seven days but the last 24 hours have been intensely bearish, with declines reaching 12% during US business hours on Wednesday.
Before the correction, NOT had surged to achieve a new all-time high of $0.02836. Investors who purchased the viral tap-to-earn meme coin at an all-time low of $0.004611 are up more than 300% on their initial investment.
Now, Notcoin has an uphill battle to prove to investors that it can hold its value. This will attract interest from traders who are likely to bet on the next breakout to a new all-time high.
However, the path of least resistance is strongly inclined downwards, especially with NOT price sliding below the 20-day Exponential Moving Average (EMA) in blue. Backing the bearish outlook is a vivid sell signal from the Moving Average Convergence Divergence (MACD) indicator.
Various key levels could play a role in the direction Notcoin price takes this week. A rebound from the 38.2% Fibonacci retracement level could quickly renew interest in the token and support a recovery to the peak and subsequently a new all-time high above $0.03.
2. Floki (FLOKI)
Floki has achieved a significant breakthrough after being overshadowed by other meme coins. Its technical, solid setup has instilled confidence among investors, driving a remarkable performance. Floki recorded a 13% surge over the past week, leveraging the memecoin craze to hit an all-time high of $0.0003462 on May 5.
If FLOKI surpasses $0.00033, it could face significant resistance at $0.00039, potentially breaking its longstanding pattern. Holding above this level might enable FLOKI to aim for a higher resistance at $0.0004, and if bullish momentum continues, it could reach $0.0005.
Conversely, if FLOKI’s price falls below $0.00032, it may drop to the descending support trendline at $0.00031. A bearish market could push FLOKI lower, targeting a support level of $0.0003.
Take Away
Solana’s positive momentum is driven by increased network activity and high developer retention rates. Additionally, a surge in Solana meme coins contributes to this bullish trend, signaling further growth for the altcoin.
If the bulls successfully push the price past the $180 resistance level, this could pave the way for further gains. Overcoming this barrier might drive SOL towards the next key resistance at $190.
Sustaining this upward trajectory could lead to an ambitious attempt to breach the $200 mark. If the bullish pressure mounts further, the altcoin could aim for $250 as the next target.
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