As the cryptocurrency market experiences increased volatility, Solana (SOL) has surged by 10.56% over the past week, surpassing Binance Coin (BNB) to become the fourth-largest crypto by market cap. This resurgence has positively impacted Solana-based altcoins, which have also shown significant price gains. As market sentiment turns bullish, several Solana-based tokens are emerging as strong contenders for further growth. Here’s a look at the top three altcoins within the Solana ecosystem with high potential:
1. Jito (JTO): Jito has seen a remarkable uptick, with a 10% rise in the last 24 hours and a 15.03% increase over the past week. Over the past 30 days, it has surged by 34.52%, delivering a YTD return of 70.92%. Technical indicators suggest a continued bullish trend, with support at $3.010 and resistance at $3.80. However, a trend reversal could see Jito price drop to $2.260.
2. Jupiter (JUP): Jupiter has gained 13.18% in the past day and 11.71% in the past week, with an impressive 48.04% increase since its inception. The Relative Strength Index (RSI) shows bullish momentum, potentially pushing Jupiter’s price above its resistance of $1.160 towards $1.4950. Conversely, a downturn could lead to a retest of the support level at $0.8445.
3. The Graph (GRT): The Graph has experienced a slight 3% increase, trading at $0.1998 with a market cap of $1.910 billion, placing it at 51st in the top 100 cryptocurrencies. Despite recent bearish trends, technical indicators like the EMA 50-day resistance and declining MACD histogram suggest a mixed outlook. Maintaining above its support level could propel The Graph towards $0.2650, while a bearish trend might drive it down to $0.1375.
With Solana’s recent bullish momentum, these altcoins present promising opportunities for investors looking to capitalize on the rising trend in the Solana ecosystem
