Ethereum

Render

Solana

Toncoin

Status

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analysts-monitor-altcoins-closely" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts Monitor Altcoins Closely</a><br></p>
<p style="text-align: justify">As uncertainties within the cryptocurrency market escalate, analysts continue to scrutinize altcoins with a positive perspective. Recently, Bitcoin’s price dropped to $65,000 following the release of U.S. economic <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a>, causing widespread market pessimism. However, some altcoins are displaying robust performance, while others teeter on the edge of decline.</p>
<h2 id="what-is-the-current-price-of-ton-coin">What is the Current Price of TON Coin?</h2>
<p style="text-align: justify">A prominent cryptocurrency analyst highlighted the strong outlook of certain high-volume altcoins and provided significant insights into others. Altcoin Sherpa, a well-known figure in the crypto world, shared his observations on various cryptocurrencies via X. His initial focus was on Toncoin (TON), a layer-1 blockchain. TON reached its all-time high (ATH) of $8.25 on June 14 and continues to exhibit a strong upward trend.</p>
<p style="text-align: justify">“This still looks incredibly strong… TON: still one of the strongest charts in crypto,” said Sherpa. Following a rise of over 1% in the last 24 hours, Toncoin is trading at $8.01 at the time of writing.</p>
<h2 id="current-status-of-solana-coin">Current Status of Solana Coin</h2>
<p style="text-align: justify">The analyst issued a caution regarding <a href="https://en.bitcoinhaber.net/solana-blockchain-faces-possible-downtime-as-upbit-halts-transactions" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (SOL), suggesting it might experience a significant decline in its Ethereum (SOL/ETH) pairing. “Although I still consider Solana to be a great individual <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investment</a> tool, the current popular meta is unhealthy. This chart looks quite alarming, and I believe ETH will likely outperform in the coming period,” he warned.</p>
<p style="text-align: justify">SOL/ETH is trading at 0.0409 ETH after a 1.05% drop in the last 24 hours. The analyst’s chart indicates the potential for SOL/ETH to fall to 0.039 ETH.</p>
<h2 id="current-status-of-ai-token-rndr">Current Status of AI Token RNDR</h2>
<p style="text-align: justify">The analyst indicated that Render (RNDR), which has gained attention in recent months, may retest the $6.03 level, suggesting a bearish outlook. “RNDR: a good project, but I wouldn’t start scaling until $7 or below. There could be a good buying area there,” he mentioned. RNDR, experiencing a 4% rise in the last 24 hours, has returned to above $8, with its market cap surpassing $3 billion.</p>
<h2 id="critical-takeaways-for-investors">Critical Takeaways for Investors</h2>
<p style="text-align: justify">– Monitor Toncoin (TON) for continued bullish trends.<br> – Exercise caution with Solana (SOL) due to potential drops in the SOL/ETH pairing.<br> – Consider buying opportunities for Render (RNDR) below $7.<br> – Keep an eye on Ethereum (ETH) for possible new ATHs.</p>
<h2 id="will-ethereum-reach-its-ath">Will Ethereum Reach Its ATH?</h2>
<p style="text-align: justify">Lastly, the analyst analyzed Ethereum (ETH), suggesting that new all-time highs could be imminent. “ETH’s transition to ATH is inevitable. I don’t know when and how it will get there, but this supply zone will eventually break. It still looks like a guaranteed and fairly safe trade (as long as you can stomach the short-term dip),” he asserted. Ethereum has rebounded from recent declines, trading at $3,559 following a rise of over 5% in the last 24 hours. ETH’s market cap has surpassed $427 billion, with a 24-hour trading volume reaching $14.7 billion after a 10.95% increase.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analysts-monitor-altcoins-closely" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts Monitor Altcoins Closely</a></h5>

Analysts Monitor Altcoins Closely

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