The cryptocurrency market is in search of a new excitement. Investors and traders are looking for suitable candidates to bet on the next bull run. Veteran cryptocurrency analyst Ran Neuner has identified the best altcoin projects that are approaching the ‘buy zone’. According to the analyst, PEPE is a high-risk and high-reward gamble, although it sees continued growth potential. Meanwhile, Stacks, Solana, and AVAX showcase a variety of patterns and trends that point to potential opportunities.
10 altcoin projects entering the buy zone…
PEPE: A high risk and high reward gamble!
The analyst begins by stating that PEPE, a relatively young cryptocurrency, has risen significantly. He states that trading such coins involves a high level of risk. However, he emphasizes that bullish trends may continue, especially if Bitcoin reverses its course. Ran recommends averaging the dollar-cost of the position to minimize risks. It also recommends setting a stop-loss below the previous day’s open.
Stacks, Solana and AVAX: Need to watch intervals and trends
When Ran analyzes Stacks (STX), he points to $57 as his target price. After that, he says he spotted a continuing ‘head and shoulders’ pattern at $32. If left (LEFT) cryptocoin.com As you can follow, it has experienced a strong downtrend. However, according to the analyst, it is currently at a level where traders can take a long position with a stop-loss below a certain wick. Avalanche (AVAX) is range bound and Ran warns it may have a hard time breaking through resistance levels.
Chainlink, THORChain and Dogecoin: We’re watching range bottoms
Chainlink (LINK) is targeting the bottom of its range at $5.45. RUNE, on the other hand, is at an interesting level with a strong downtrend. According to the analyst, losing its current level could be disastrous for THORChain (RUNE). It is possible that this will lead to a complete capitulation. Ran says Dogecoin (DOGE) is also sold out and will likely go down to around $0.067.
Cosmos, Vulcan Forged and Near: Potential savings opportunities
Cosmos (ATOM) holds up relatively well. However, Ran expects the rest of the market to follow if it goes bearish. Vulcan Forged (PYR) is approaching the diagonal trendline below its range and a potential drop to $2.90 is possible for the altcoin. It’s back to the lows of the Near Protocol (NEAR) range. However, these lows are likely to last for a long time, according to the analyst. This makes it suitable for long-term accumulation.
