Cryptocurrency investors are watching certain coins closely as they show potential but lack decisive upward movement. In the face of uncertain trends, some digital assets offer a balanced approach. The article reveals which tokens are poised for potential growth, making them suitable for a cautious yet optimistic investment strategy. Cosmos Gains Momentum: Will ATOM See a Breakthrough Soon? Source: tradingview Cosmos (ATOM) is showing some action between just under $2 and above $2. ATOM has seen a jump in its weekly price with close to 20% growth, landing it slightly above $2. The current price stays close to a known resistance level, around $2.43. Its ease past another barrier could push ATOM up nearly 20% more towards $2.77. However, there's strong support a bit north of $1.70. Despite a drop over the past six months, the rising trend supports the chance of steady gains. This signals potential moves upward if resistance levels are overcome. Render (RENDER) Shows Signs of Growth Amid Crypto Volatility Source: tradingview Render's current price hovers between $1.27 and $1.57. It has seen a weekly rise of over 11% but dropped more than 23% over the past month. The coin shows some promise, with a relative strength index of around 58, indicating it's not overbought or oversold. The price could face a challenge if it nears the resistance level at $1.72 but breaking through could push it toward $2.02. If Render manages this leap, it could represent a potential growth of around 25% from its current range. However, if it slides back, the nearest safety net lies at $1.10 and the next at $0.79. Solana Rises Amidst Challenges: Signs of a Bullish Rebound? Source: tradingview Solana , a popular cryptocurrency, is navigating through a volatile phase. The current price fluctuates between high seventies and low nineties, indicating some resilience. It recently strengthened, growing about 7% in a week despite losing nearly a third of its value over the past month. The crypto faces a key resistance point at just under a hundred dollars. If momentum builds, Solana could potentially climb to around a hundred and fourteen dollars, offering an upside of almost 23% from the upper price range. However, support levels near seventy may cushion any fall, hinting at a foundation for upward potential. Market watchers remain attentive to these movements. Conclusion There is no clear breakout yet, making a neutral allocation strategy practical. Coins like ATOM, RENDER, and SOL are suggested as suitable fits. These coins have shown steady performance and potential for growth. Maintaining a diversified approach with these coins can balance risk and opportunity. This strategy can help navigate the current market conditions effectively. 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.
