Has Altcoin Season Silently Begun? 3 Hidden Altcoins to Watch Now

Altcoin markets are buzzing quietly, hinting at an unnoticed surge. While the spotlight often shines on major cryptocurrencies, some lesser-known altcoins are showing promising signs. This article delves into the details to uncover three hidden gems that might be set for significant gains. Readers will explore the potential stars poised for impressive growth. Raydium Market Snapshot: Recent Declines and Key Trading Levels Raydium experienced a sharp drop over the past month and an even larger fall over the last six months. A decline of nearly 20% in the past month, along with a roughly 54% decrease in the half-year period, highlights ongoing downward pressure. A brief uptick of nearly 5% in one week indicated short-term recovery amid a prolonged decline. Daily price movements illustrate a coin struggling to gain momentum, yet still inviting interest for a potential turnaround at lower levels. Raydium is currently trading between a low of about $1.83 and a high near $3.50. The key resistance level is at $4.52, followed by $6.19, with strong support at $1.18. Oscillator readings show bears maintaining control, with the Awesome Oscillator at -0.55 and the Momentum Indicator at -0.06, while the Relative Strength Index is near 45. This creates a trading environment without a clear trend. Traders might consider short-term moves near $1.18 support, while breaks above $4.52 could indicate recovery. Careful entries and exits are advised as the coin moves within these boundaries. AB (AB) Market Outlook: Bullish Momentum, Key Price Levels AB has surged by over 60% in the last month and an impressive 17,930% over the past six months, indicating a strong upward trend. A one-week increase of more than 33% reflects its rapid ascent from low-price history to a higher-value asset. This performance underscores a shift from lower support levels to substantial gains, attracting growing interest among traders globally. The impressive price movements reveal a potential for continued upward momentum in the future. Currently, AB is trading between $0.0043 and $0.0116, with immediate resistance at $0.015 and nearest support at $0.0004. Technical indicators, such as an RSI of 66.77, point to active market participation. Bulls currently dominate, driving prices higher, although a second resistance at $0.0223 warrants caution. The short-term trading outlook appears range-bound, offering opportunities to buy near support and sell near resistance. Breaking above $0.015 may lead to a new upward surge fueled by bullish market sentiment. Ethena Price Update: Recent Volatility and Key Levels in Focus ENA price action showed a steep one-month drop of about 12.60% with a slight one-week rebound of 5.64%. The decline over the past six months reached nearly 65.55%. Fluctuations occurred within a range of approximately $0.22 to $0.43, reflecting a market under pressure. The significant downturn indicates deep bearish sentiment, while the recent weekly gain suggests short-term recovery efforts. Trends have oscillated, highlighting pronounced volatility and a lack of consistent direction. Current prices remain within the $0.22 to $0.43 range, with the nearest support at $0.14 and immediate resistance at $0.55, followed by an additional resistance at $0.75. The balance between bulls and bears is delicate; recent gains bring some optimism, yet the overall sentiment is weighed down by severe losses. The market lacks a decisive trend, allowing for short-term tactical plays. Traders might consider buying near the lower support level with stop-loss orders below $0.14 or taking short positions if prices struggle to break $0.55. Current indicators suggest caution and flexibility around these critical levels. Conclusion RAY , AB , and ENA show promise and could gain traction soon. Each coin has unique features that set it apart. RAY focuses on decentralized finance. AB aims to streamline financial services. ENA enhances blockchain infrastructure. Keeping an eye on these altcoins could be beneficial. They have the potential for rapid growth and may become key players in 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: Bitzo