Best Cryptocurrencies to Watch This Week

NEAR Protocol Price Analysis and Growth Potential

NEAR Protocol’s current price of $6.89 suggests it has room to grow to the nearest resistance at $9.66. Bullish sentiment could see us targeting the second resistance at $12.01 if the price breaks above that point. The 10-day moving average is $7.13, indicating recent stability. With continued interest and adoption, NEAR could maintain its upward trajectory, potentially making this level of resistance a primary target in the medium term.

However, since the 100-day moving average is $4.35, which is not much below the current price, a broader market downturn could push NEAR down to this level and possibly to the nearest support at $4.29. The second support level at $1.29 represents significant downside risk if bearish pressure intensifies. Investors should consider both upside and downside possibilities when strategizing their positions in the NEAR Protocol.

JTO is nearing resistance and could reach $5.47 if the uptrend holds.

With a price of $4.31, JTO’s current momentum suggests that it may soon test the nearest resistance level of $4.78. If positive sentiment holds, there is a possibility of a move higher towards the second resistance level at $5.47. This upward trajectory is supported by rising market confidence, reflected by gains above the 10-day and 100-day moving averages of $3.31 and $2.40, respectively. However, if the trend reverses, the price may find cushion at the immediate support level of $2.77 and regroup before rising again.

On the other hand, a negative development could cause JTO to retreat towards the second support level at $1.44, especially if the nearest support level is violated. While this decline may be concerning in the short term, it may also present a buying opportunity for those betting on JTO’s long-term prospects. In the bigger picture, stability above the 100-day average provides confidence that long-term trends can remain positive, striking a balance between caution and optimism.

Avalanche Price Potential and Volatility Risk

Avalanche has room to grow considering its current price of $51.89, below its 10-day average of $54.35. As momentum picks up, targeting the first resistance at $67.85 would not be too far-fetched. A continued positive trend may see us challenging the $81.59 level. But keep in mind that we have solid support at the 100-day average of $41.62. This will provide some cushion if the situation worsens.

In the near term, Avalanche risks volatility, with the price hovering around $51.89. If pressure mounts, the asset could fall to the nearest support at $37.89, or if the recession is deeper, to the second support at $21.67. However, the uptrend, supported by continued buying, remains stable above the 100-day average, which could solidify investor confidence in a gradual rise.

conclusion

In conclusion, among this week’s standout prospects, BlastUP stands out as having the highest potential within a thriving ecosystem. NEAR Protocol, JTO, and Avalanche each promise specific growth prospects and resistance points to consider, but what sets them apart is the innovative concept of BlastUp within the powerful Blast network. Investors should watch these competitors carefully, but BlastUP’s combination of novelty and ecosystem strength appears to be positioning it as a leader in the market impact race.

Site: https://blastup.io/