Capital is Rotating from Bitcoin to Altcoins After its Rise: 3 Top Picks for the Next Leg Up

Bitcoin’s recent surge has caught the spotlight, but savvy investors are now eyeing altcoins for potential gains. Capital flows are shifting, signaling a new wave of opportunities. Discover which three altcoins experts believe are set to soar in the next market phase. Hedera HBAR: Past Declines Spotlight Key Price Levels for Future Moves Over the past month, Hedera has seen a decline of nearly 19% following a modest one-week gain. The coin’s performance over the last six months has shown a consistent downward trajectory, with a total drop of around 40% indicating ongoing selling pressure. Buyers have struggled to regain momentum, and the recovery attempts have been weak, reflecting a market still in a bearish sentiment. Traders are growing cautious, as the coin remains unable to shift its negative trend significantly, which may lead to increased uncertainty in the near future. Current pricing for Hedera is between $0.1431 and $0.2112, with immediate resistance at $0.2538 and key support around $0.1177. The RSI near 49.79 suggests a neutral market stance, but moving averages lean slightly bearish. Traders should monitor the lower support closely; a bounce from $0.1177 could present a buying opportunity if supported by volume. Breaking through the $0.2538 barrier is crucial for testing further resistance at $0.3219. A drop below $0.1177 could lead to declines towards $0.0497, signaling a need for caution and defined stop-loss strategies as the market awaits clarity. Pi Network: Six-Month Surge Amid Recent Price Corrections PI saw a significant pullback recently, with prices dropping nearly 19% in the last month and a modest 2% decline in the past week. Over the previous half-year, however, it surged by over 500%, showing strong long-term momentum. This dramatic rebound contrasts sharply with the recent volatility, indicating robust demand despite short-term price corrections. The price action reflects a wide-ranging recovery that highlights the potential for future gains even when facing a dip in momentum. Current price levels sit between approximately $0.26 and $1.36, with initial resistance around $2.06 and a secondary barrier near $3.16. The market is currently under bearish pressure, with indicators like moving averages suggesting a negative trend. RSI readings in the low 40s indicate that bears maintain short-term control but are not at critical resistance levels. No clear trend has emerged, making it essential for traders to monitor price behavior closely. Trading on declines toward support levels may favor short-term strategies, while a break above $2.06 could spark buying interest aimed at reaching $3.16. Cronos Price Analysis: Short-Term Levels Amid Long-Term Decline Over the last month, Cronos declined by about 4%, with weekly moves around -2%. In the past six months, the coin experienced a significant drop of approximately 46%. Price action has remained within a narrow range, fluctuating between $0.09 and $0.12. This trend indicates a market under pressure, characterized by slight negative momentum and technical indicators trending downward. Despite the extended decline, the coin trades within clear boundaries that could offer opportunities for a rebound should buying pressure return. Currently, Cronos is trading between $0.09 and $0.12, facing key levels that shape its trading activity. Resistance is at $0.12, while support rests at $0.08, creating distinct boundaries for near-term price movements. A secondary resistance level at $0.15 and additional support at $0.05 further define potential trading zones. Oscillator readings indicate mild downward pressure, while the RSI near 54 shows a balanced market that is neither oversold nor overbought. This lack of dominance by bulls or bears leaves room for traders to explore opportunities on both sides. Traders may consider buying near the 8-cent support or selling near the $0.12 resistance to capitalize on short-term movements. Conclusion Capital is moving away from Bitcoin and into alternative coins. HBAR offers fast transaction speeds and strong security. PI is gaining attention for its unique consensus mechanism. CRO is expanding its reach through strategic partnerships and user incentives. These coins show promising potential for growth in the next phase of the market. 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.

Source: Crypto Daily