Bitcoin halving is anticipated in slightly over a day, as confirmed by various countdown calculators like CoinGecko. The event is expected to create unparalleled optimism for a bull run in 2024, led by a Bitcoin price surge to a new all-time. Although pertinent to BTC, top altcoins to buy like Solana (SOL) and Shiba Inu (SHIB), reach unprecedented levels.

Solana (SOL)

The competitive smart contracts token boasting $62 billion in market cap and ranking #5 among other cryptos had recovered to $141 on Thursday while showing signs of an incoming trend reversal.

Traders are ready to get back in the game, considering a 4% surge in the trading volume to $5 billion on CoinMarketCap. The sudden interest in SOL longs underscores a modest 7.25% increase in value, thanks to the robust support by the ascending trendline.

The following few days will be essential to Solana and may determine whether the $200 is within reach, or traders should prepare for doldrums between support at $120 and resistance at $150.

Solana price chart | Tradingview

If the Relative Strength Index (RSI) sustains the uptick from near oversold conditions, Solana price could gain momentum and close the gap to $200.

Solana’s position below two key moving averages; the 50-day Exponential Moving Average (EMA) and the 20-day EMA (the red and blue lines on the chart), implies that bulls may be disadvantaged at the moment.

It also means that Solana price will require an extra push to validate the long-term bullish thesis to $200.

2. Shiba Inu (SHIB)

Shiba Inu Coin, a token inspired by the meme coin narrative, has demonstrated resilience and a potent recovery. This uptick emerges after a period of bearish trends earlier in the day. Investors and market watchers have taken note of this sudden uptick. 

With its market capitalization reaching $13.4 billion, it is 11th in market cap rankings among cryptocurrencies. The trading volume in the past 24 hours has slightly decreased by 2.84%, totaling approximately $565.38 million.

Shiba inu price chart | CoinGecko

In the past several days and extending into previous weeks, the SHIB has experienced a period of stagnation. This consolidation occurs at a critical juncture for the digital currency. With the broader cryptocurrency market facing a downturn since April 8, investor actions have become increasingly pivotal. 

Lucie, the marketing lead for Shiba Inu, recently highlighted the cryptocurrency’s resilience on the social platform X. Her post comes at a time when SHIB faced a notable price dip, yet she assured investors of upcoming gains. 

For the love of God, negative people and fudders , understand that $SHIB has maintained its position for over two years during a drastic bear market.

There is no other direction than up.

The #SHIBARMY are committed and resilient; this is not just a trendy meme that… pic.twitter.com/cbGk18siPg

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 18, 2024

Lucie’s update emphasizes that Shiba Inu has maintained its position within the top 15 global cryptocurrencies by market capitalization for over two years. Currently, it holds the 11th spot, as confirmed by CoinMarketCap. 

Her optimistic outlook reflects a strong belief in SHIB’s future growth, suggesting an inevitable rise in its value. This perspective has resonated well within the trading community, fostering a renewed bullish sentiment among investors.

With the SHIB recovery in focus, a significant challenge looms at the $0.000023 resistance level. Breaking through could elevate its price to $0.00005, setting the stage for a potential rally to $0.001. 

The post 2 Top Altcoins To Buy Last Minute Before Bitcoin Halving appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am