This week, Bitcoin (BTC) reached an all-time high of $93,400 before correcting to $87,000. Despite this, certain altcoins show strong performance amid market fluctuations. The global crypto market cap dropped 1.67% to $3.09 trillion, with the average weekly RSI at 48.59, indicating neutral momentum post-Bitcoin surge. However, the daily RSI climbed to 52.66, hinting at potential bullish trends. Two standout altcoins this week are Solana (SOL) and Tron (TRX), supported by technical buy signals:
Solana (SOL)
- Four-hour RSI: 48.6 – Stable entry setup.
- 12-hour RSI: 58.95 – Increasing buy momentum.
- 24-hour RSI: 65.69 – Sustained bullish trend, above market average.
- MACD: In the buy zone.
These indicators, along with moving averages, suggest SOL is positioned well for continued gains, presenting a strong buy opportunity.
Tron (TRX)
- Four-hour RSI: 66.34, 12-hour RSI: 66.91, 24-hour RSI: 68.77 – Strong buy signals across all timeframes.
- Price Movement: 24-hour price gain of 4.05%, affirming positive momentum.
- Moving Averages: All 16 moving average indicators recommend a “Buy.”
Both MACD and Momentum indicators further support the bullish case for TRX.
Note: Market conditions are volatile and can change rapidly. While SOL and TRX exhibit strong technical support, investors should conduct their due diligence and align investments with their risk tolerance and financial objectives.
