Top 3 Must Buy Solana-Based Altcoins with High Potential
- PHPzOriginal
- 2024-07-19 10:01:20651browse
With Bitcoin heading towards $70K, the smart money flows to high-potential altcoins. Further, in the broader market recovery, the Solana token price is gaining bullish momentum and nears $200.
Bitcoin’s rally towards the $70K price zone has shifted focus on high-potential altcoins. In the broader market recovery, Solana token price is gaining bullish momentum and approaches the $200 mark.
Amid the recovery rally, Solana-based altcoins present a buying opportunity to capitalize on the trend reversal rally.
Solana Price Performance
SOL price is up by 7.21% this week, adding a 12% jump last week and surpassing the 61.80% retracement level. Notably, the bounce back from $125 is gaining ground as Solana approaches the rounding bottom neckline at $250.
Tradingview
Moreover, the rounding reversal from the 61.80% Fib level reveals a massive upside potential and teases a surge in Solana-based altcoins in the coming weeks and months.
In light of the above, we have picked three must-buy Solana-based altcoins with high potential.
Must Buy Solana-based Altcoins: Parcl (PRCL)
PRCL price action is seen testing the 23.60% Fibonacci level at $0.2920, showcasing a rounding bottom reversal. However, the crucial resistance acts as the neckline teasing an inverted head and shoulder pattern on the Solana-based token.
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In case of a potential breakout from the 23.60% Fib breakout, the Fibonacci levels for the upside price target an 85% rally to the $0.50 psychological mark.
Therefore, PRCL is one of the must-buy Solana-based altcoins to capitalize on a trend reversal rally.
Ben The Dog (BENDOG)
BENDOG price action also showcases a rounding bottom reversal on the daily chart, as Talking Ben token is set for a bull run ahead as Solana approaches the $200 mark.
Tradingview
Currently, the Solana-based altcoin is trading at $0.02507 with an 8.53% intraday growth and a 65% price jump in seven days.
Bullishly, the neckline breakout rally can reach the 78.60% level at $0.052. The 126% upside movement possible in the coming months makes BENDOG a must-buy Solana-based altcoin.
Merlin (POND)
Despite a pullback phase, the ongoing recovery within a bearish wedge promises massive upside moves in the POND prices. With a 20% jump in the last ten days, the Merlin token is testing the overhead trendline of the falling wedge pattern.
Tradingview
Moreover, with the double bottom reversal from the $0.015 baseline, the breakout chances are increased. As per the trend-based Fibonacci levels, the POND price could hit the $0.060 mark or the 1.618 Fib level.
Therefore, the bull run ahead with the potential breakout puts Merlin on the must-buy Solana-based altcoins list.
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