Bitcoin price returned above $60,000 on Friday, altcoin, some recorded double-digit movements within 24 hours. The price drop earlier this week exposed the vulnerability and uncertainty of cryptocurrencies when purchasing assets. Investors need to know how to address these and how to do so to ensure they build long-term value.
As you may already know, narrowing it down to the most viable ones; Virtual currency to buy Incorporating a portfolio is not an easy task. It can be a tedious task for experienced investors and borderline an uphill battle for novice investors.
Some of the tokens you should consider including in your crypto portfolio bitcoin price After the gruesome carnage, Terra Classic (LUNC) and Toncoin (TON) are back in the green after extending their decline to support at $56,500.
1.Toncoin (TON)
Toncoin, a token associated with Telegram, one of the largest social media ecosystems, exploded with double-digit gains, just above the $5 mark highlighted in the title. However, the potential TON is promising investors a spot on this list.
Toncoin quickly emerged as a significant player in the cryptocurrency market, reaching a remarkable market capitalization of $18.87 billion and securing the 9th place. The company's 24-hour trading volume increased by 31% to $261 million, demonstrating strong investor engagement and confidence in its potential. This rise is a positive sign and reflects the market's optimism about Toncoin's future.
The value of Toncoin rose from $4.5 to over $5.4 last week, showing a consistent upward trend. This increase of more than 2% positions the company as one of the top performers in the market today and highlights the strong recovery and continued investor confidence. TON has experienced a significant rally, suggesting that it may soon enter a bullish phase.
If the current uptrend continues, TON could cross the $6 resistance wall. If momentum continues, its value could approach the $10 level and even reach $20.
2. Terra Classic (LUNC)
terra classic was hit hard and bore the brunt of the decline, which many believed was exacerbated by external headwinds such as inflation and geopolitical tensions.
The token, whose community is working around the clock to rebuild its image following the 2022 Terra Luna crash, has made significant progress since the last quarter of this year, peaking at $0.0002797 in December. , and then peaked at $0.00025 in March.
Last month, LUNC price fell below the key support level of $0.0001 when the candlestick extended to $0.00007115. A reflexive recovery soon followed, but lost momentum as it fell below the resistance at $0.00012.
Terra Classic's support at $0.00008 coincides with a similar rebound zone in February, highlighting the formation of a double bottom pattern. This is interpreted as a reversal pattern that can have a significant impact on price.
in lunch In this case, if the uptrend gains momentum above $0.0001, it could lead to further profits, or a price move of 66% above the black dotted line (neckline). This target is measured equal to the distance between the highest and lowest points as shown in the graph.
The Relative Strength Index (RSI) is currently above 40 and heading towards 50 (midline), with price increases likely to continue into the weekend. Although 66% is a long-term forecast, short- and medium-term moves can be profitable, especially for traders.
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