Rally

Solana

Toncoin

Reversal

Billion

The post <a href="https://coinpedia.org/price-analysis/high-ranking-altcoins-are-ready-for-new-ath/">High Ranking Altcoins Are Ready For New ATH</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the altcoins rising back up, the broader market sentiment is recovering as investors are lining up with extra demand. As the crypto market teases a sharp recovery from lower levels, the rising demand teases a prolonged bull run.&nbsp; 
Amidst the rising market, the Solana and Toncoin token prices are ready for a sharp recovery. Let’s examine the price chart and technical analysis of SOL and TON tokens to find out more.&nbsp; 
<h2 class="wp-block-heading" id="h-altcoin-rally-begins-as-solana-eyes-150-breakout-nbsp">Altcoin Rally Begins As Solana Eyes $150 Breakout.&nbsp;</h2> 
With a struggling reversal rally in the weekly chart, the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">SOL price</a> trend reveals bullish dominance at $125. The altcoin remains sideways between the 50% Fibonacci level and the 61.80% level.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfzM5MISdlFc9fx8mveqv1NV9LWUmCsTHUlWT94LoINlDVKPf5liOltdWBu4nGY5Rs3EreEihYIWUlwtcGg17SsvW6rE3mZ05Geq-xXwAdwOWb0rXlKeyYCJEeUj_r7qEDxbIKY9Z215jfISzjMqk4nEFag?key=hdlUw3VuZwQmlvKemycSSw" alt="">
</figure> 
<a href="https://www.tradingview.com/x/IdQvGOQg/">Tradingview</a> 
With the ongoing consolidation range, the altcoin price chart shows the MACD and RSI line declining, as the supply pressure increases.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeSd9_o9twslk3X_RMFxU3jvuE8f0G_817mz4_SeruRLX5nTc0BG-mFZY4OABkdOtn6DeX-eM-c-mWBUAYGGgTaZqTDf1K2e09o0L-i2g8mYo_GkGRKJFUhemkgSo7cFaY09L8u_kNFzfa5Kvf8V1kdgAVq?key=hdlUw3VuZwQmlvKemycSSw" alt="">
</figure> 
In the daily chart, the $125 support holds the triangle breakdown rally and reverses it to challenge $150. As the broader market recovers, the SOL price is up by 8.40% in two days and hints at an extended price jump. Optimistically, the altcoin can reach the $200 mark if the Bitcoin price reclaims $60,000. 
<h2 class="wp-block-heading" id="h-toncoin-reversal-aims-10">Toncoin Reversal Aims $10</h2> 
With $18 Billion market cap, Toncoin ranks at #8 amongst the top 10 cryptocurrencies. Surviving the market crash with minimal correction, the <a href="https://coinpedia.org/price-prediction/toncoin-price-prediction-2024-2030-will-ton-price-hit-10-in-q2/" target="_blank" rel="noreferrer noopener">TON price</a> breaks under the long-coming support trendline.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdFbCuoKIiIHrmL3A82jFd4IcUuXid9wjbk5IlF3zMJgXQmGbNtUW3JbUhhzdPJg9MNj15d_3jsO0N598m0ZYdQHNZ2oi7O_H0Wzj5vgWPeozoThTlvkfcnkai_XmQGpHvXCDwkr4h8jZDYRvQYTqxWBe4P?key=hdlUw3VuZwQmlvKemycSSw" alt="">
</figure> 
<a href="https://www.tradingview.com/x/GZcySdx2/">TradingView</a> 
In the daily chart, the altcoin reveals a minor double bottom pattern as it transitions the breakdown rally to a sideways shift. With lower price rejection candles, the TON price is aiming for a bullish reversal. 
Supporting the bulls, the RSI shows reverse divergence and while MACD shows a softening in bearish histograms.&nbsp; 
If the bull run continues, the altcoin could reach the $10 mark, per the trend-based Fibonacci levels.&nbsp; 
Also Read: <a href="https://coinpedia.org/price-analysis/best-crypto-to-buy-right-now-as-market-crash-bottoms-out/" target="_blank" rel="noreferrer noopener">Best Crypto To Buy Right Now As Market Crash Bottoms Out&nbsp;</a>

High Ranking Altcoins Are Ready For New ATH

Table of Contents

CoinPedia News

Other articles published on Jul 9, 2024

Google Translate adds 8 new African languages to Fulani, Igbo and Yoruba in new update

Cardano Chang Hard Fork launches next week: Here are the upcoming changes

The Industry Will Transform in 2045 with $6 Trillion in Crypto Wealth!

JASMY Faces Crucial Retesting Zone on Weekly Ribbons, a Breakthrough Could Hasten Surge Towards $17

Bitcoin Mining Difficulty Drops Significantly

Pro-XRP Deaton Unveils Initial Senate Bills, Agrees With Musk On “Regulatory Capture”

Join our free newsletter for daily crypto updates!