• If the bullish momentum continues, TON may head in the direction of the resistance degree at $7.19.
• SOL might fall to $137.26 and RNDR value might fall to $9.70.
• If the upward momentum strengthens, JUP may rise to $1.19.

The costs of many cryptocurrencies have been flat for a while now, resulting in widespread hypothesis that the long-awaited altcoin season might by no means happen. Nonetheless, it’s unclear whether or not this opinion is legitimate, particularly since most of the prime tokens have struggled just lately.

For instance, Toncoin (TON) was solely buying and selling across the identical value as 24 hours in the past, regardless of rising by a prime 10x on every market. Nonetheless, it is very important notice that the worth has elevated by 23.25% up to now 7 days.

In the meantime, Solana (SOL) modified arms at $146.82. That is his 24 hour efficiency much like TON. Lender (RNDR) value was flat at $10.89, whereas Jupiter (JUP) registered a 1.77% improve in his.

Right here's how these cryptocurrencies are more likely to carry out over the approaching week.

Toncoin (TON)

In line with the 4-hour chart, the bulls had been in a position to type help for TON at $5.64. This help, backed by shopping for strain, pushed the token increased above the $6.24 resistance.

On the time of writing, the worth of TON was $6.90. Nonetheless, it may face a brand new problem of breaking by the overhead resistance at $7.19. A profitable rally above this degree may ship the token in the direction of $8.50.

Then again, whether it is rejected at this level, it may drop to $6.00 in a brief time frame. In the meantime, the Relative Energy Index (RSI) revealed that TON nonetheless has vital ranges of shopping for momentum.

If held, the above bullish predictions may very well be verified. On a fundamentals foundation, the worth of TON may rise this week, particularly as Notcoin (NOT), a token developed on the TON blockchain, is scheduled to be launched on Could sixteenth.

Solana (SOL)

The 4-hour SOL/USD chart confirmed that bulls are struggling to revisit the token’s current peak of $155.47. Nonetheless, indications from the Exponential Shifting Common (EMA) recommend that the token might not attain that value anytime quickly.

On the time of writing, the 20 EMA (yellow) is above the 9 EMA (blue), indicating that the development for SOL is bearish. Barring shopping for strain, the token’s subsequent goal may fall to $137.26.

Rendering (RNDR)

RNDR is among the few tokens that has recorded spectacular will increase over the previous 7 days. In line with CoinMarketCap, the worth of RNDR has elevated by 16.94% inside the final week. However all which will have come to an finish.

This declare got here from a notice from the Cash Circulate Index (MFI). On the time of writing, MFI was at 38.12, indicating that merchants have booked income from the current rally. If the worth of this indicator continues to fall, the worth of RNDR might fall as nicely.

The Shifting Common Convergence Divergence (MACD) additionally steered an analogous prediction because the measured worth was adverse. This steered bearish momentum.

In keeping with our short-term goal, Coin Version evaluation exhibits that RNDR may fall to $9.70 until shopping for strain resumes.

Jupiter (JUP)

On the time of writing, JUP modified trades at $1.05 because of the bulls defending the $1.00 help. In the meantime, the worth of the token may very well be set to rise based mostly on alerts from the Superior Oscillator (AO).

On the time of writing, the AO was adverse. Nonetheless, the inexperienced histogram bar means that the vendor's benefit could also be fading.

If this example continues, the AO studying may flip into optimistic territory after which the worth may rise. In such a state of affairs, JUP value may hit the oblique resistance degree at $1.19.