Pendle

FOMO

Bitcoin

April

Resistance

Bitcoin halving anticipated between April 17 and 21, is spreading excitement in the crypto market and keeping investors on the edge. Expectations are galore, calling for rebalancing and redistribution of crypto to buy portfolios ahead of what could be the biggest bull run in the history of the digital asset industry.
Both new and seasoned tokens present opportunities for investors to zero in and achieve over $10,000 portfolio potential. This includes crypto to buy like <a href="https://coingape.com/markets/pendle-price-recovery-whale-will-5-hold/" target="_blank" rel="noopener noreferrer nofollow">Pendle</a> (PENDLE) and <a href="https://coingape.com/markets/solana-price-prediction-bearish-pressure-intensifies-130-next-support/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> (SOL).
After the sell-off last weekend, opportunities to buy the dip and increase crypto holdings materialized considerably. This article shines a light on two tokens to buy amid the negative market shift to position yourself for a stronger rebound in 2024.
<h2 id="1-solana-sol">1. Solana (SOL)</h2>
The bullish outlook in the crypto market is quickly turning grim during US business hours on Monday. After topping $150 earlier today, SOL is extending a four-hour candle to $142.
Resistance at $150 reinforced by the 0.618 Fibonacci ratio threatens another sell-off back to $120, especially with the Relative Strength Index (RSI) reversing the trend downward at 41.
Not that another daily close under the RSI trendline support/resistance may imply heightened selling pressure over the coming sessions and even days.
<figure id="attachment_191681" aria-describedby="caption-attachment-191681" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-191681" src="https://coingape.com/wp-content/uploads/2024/04/SOLUSD_2024-04-15_18-57-10.png" alt="SOL price forecast chart | Tradingview" width="2694" height="1444" srcset="https://coingape.com/wp-content/uploads/2024/04/SOLUSD_2024-04-15_18-57-10.png 2694w, https://coingape.com/wp-content/uploads/2024/04/SOLUSD_2024-04-15_18-57-10-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/04/SOLUSD_2024-04-15_18-57-10-1224x656.png 1224w, https://coingape.com/wp-content/uploads/2024/04/SOLUSD_2024-04-15_18-57-10-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/04/SOLUSD_2024-04-15_18-57-10-1536x823.png 1536w, https://coingape.com/wp-content/uploads/2024/04/SOLUSD_2024-04-15_18-57-10-2048x1098.png 2048w, https://coingape.com/wp-content/uploads/2024/04/SOLUSD_2024-04-15_18-57-10-150x80.png 150w" sizes="(max-width: 2694px) 100vw, 2694px">
 <figcaption id="caption-attachment-191681" class="wp-caption-text">
 SOL price forecast chart | Tradingview
 </figcaption>
</figure>
The next couple of days will play a huge role in determining the direction SOL price will take. Such that, if the 0.786% Fibonacci ratio around $138 is respected as support, a recovery will ensue increasing the chances of Solana rallying above $200 again in 2024. Other support areas to watch include the ascending green trendline and last weekend’s major buyer congestion at $120.
Whether SOL price can debut at the $260 all-time high in 2024 will depend on investor interest in the token and the general market outlook after Bitcoin halving later this week.
Investors will likely begin to FOMO with a second break above $200. This move will validate the bullish strength in&nbsp;<a href="https://coingape.com/solana-releases-mainnet-update-to-fix-congestion-price-oi-jumps/" target="_blank" rel="noopener noreferrer nofollow">Solana</a>&nbsp;and the ability for the price to hit a new record high in the year.
<h2 id="2-pendle-pendle">2. Pendle (PENDLE)</h2>
Despite broader market consolidation,&nbsp;<a href="https://coingape.com/pendle-pendle-price-rallies-30-here-why/" target="_blank" rel="noopener noreferrer nofollow">Pendle coin</a>&nbsp;has shown a robust recovery since mid-March, surging 225% from $2.30 to a high of $7.53. However, the geopolitical issue in the Middle East triggered a temporary pullback to $4.9, before the asset regained its above at $6.88.
As per the Fibonacci retracement tool, the Pendle rebounded from the 50% pullback, indicating constructive correction which allowed buyers to recuperate its strength. With an intraday gain of 1%, the coin buyers are likely to challenge the swing high resistance of $7.53.
<figure id="attachment_191695" aria-describedby="caption-attachment-191695" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-191695" src="https://coingape.com/wp-content/uploads/2024/04/pendle-april-15.png" alt="2 Top Crypto To Buy For $10000 Crypto Portfolio " width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/04/pendle-april-15.png 1644w, https://coingape.com/wp-content/uploads/2024/04/pendle-april-15-300x219.png 300w, https://coingape.com/wp-content/uploads/2024/04/pendle-april-15-1224x893.png 1224w, https://coingape.com/wp-content/uploads/2024/04/pendle-april-15-768x561.png 768w, https://coingape.com/wp-content/uploads/2024/04/pendle-april-15-1536x1121.png 1536w, https://coingape.com/wp-content/uploads/2024/04/pendle-april-15-150x109.png 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-191695" class="wp-caption-text">
 Pendle price chart | <a href="https://www.coingecko.com/en/coins/pendle" rel="noopener noreferrer nofollow">CoinGecko</a>
 </figcaption>
</figure>
Moreover, with the upcoming&nbsp;<a href="https://coingape.com/markets/bitcoin-price-today-will-bitcoin-breach-march-14-73k-ath-before-halving/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Halving</a>&nbsp;just around the corner, the broader is expected to witness a renewed recovery potential impact on the Pendle price for higher recovery.
The post <a href="https://coingape.com/markets/2-top-crypto-to-buy-for-10000-crypto-portfolio/" rel="noopener noreferrer nofollow">2 Top Crypto To Buy For $10000 Crypto Portfolio</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

2 Top Crypto To Buy For $10000 Crypto Portfolio

Indice dei contenuti

Coingape News Media

Altri articoli pubblicati su 15 apr 2024

Solana's Position in the Cryptocurrency Market: Expert Insights

When to Expect SHIB to Reach and Exceed $0.00009

UNI and MATIC Holders Diversify Portfolio to Include Meme Coins; $MEDA Emerges as a Solid Pick fo...

Binance executive’s tax evasion case in Nigeria postponed, next hearing set for April 19

Recent Crypto Market Dynamics and Major Purchases

Explosive Growth in Solana’s Decentralized Exchange Trading Volume

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!