While market sentiment is now swinging back to the positive side, with Bitcoin rallying strongly over recent weeks, many altcoin investors are still probably in the disbelief phase. However, $SOL, $SUI, and $KAS are among the first in a coming crypto wave to the upside.
$SOL begins its journey back to the all-time high
Source: TradingView
The $SOL price action is surging strongly to the upside. After pushing through the descending downtrend line, the price has flipped strong resistances into support. The next big resistance level is at $162, and above this at $180, and then $202.
With the Stochastic RSI indicators coming up from the bottom and crossing through the 20.00 level, the needed upside price momentum is arriving. A new all-time high could be on the cards before the end of this bull market.
$SUI rocketing back to highs
Source: TradingView
The $SUI price has absolutely rocketed after breaking through the downtrend line. While $SOL still has some way to go in order to get back to its all-time high, $SUI potentially may not be more than a week or two away, especially if this surge continues in this manner.
The bulls will hope to close this week’s green candle above the $3.38 horizontal resistance, and turn this level into support, perhaps after coming back to confirm it next week.
From there, more towering green candles could send the $SUI price well beyond the all-time high at $5.40. The Stochastic RSI on the weekly is just getting going with the indicators fast rising from the bottom. It might take some very bad crypto or economic news to put the brakes on this one.
$KAS about to reenter range
Source: TradingView
$KAS is another layer 1 altcoin that is seeing a very strong resurgence. $KAS hit a perfect bottom at $0.0523, and has been on the charge since then, breaking through the descending trendline. However, another higher high is still to be made at $0.114 in order to continue to break the downtrend. Also, before this, the $KAS bulls need to break through the $0.106 resistance level.
At the bottom of the chart once again is the Stochastic RSI. The difference here between $KAS and $SOL + $SUI is that the indicator lines are a lot more advanced to the upside. This would potentially mean that $KAS could reach a top first. It remains to be seen whether that top will be the top of the range at $0.188.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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