- Solana (SOL) shows healthy liquidity and is nearing strong support levels, hinting at a potential rebound.
- Chainlink (LINK) forms a bullish wedge pattern, with targets as high as $45 if resistance turns into support.
- Raydium (RAY) approaches key resistance with rising volume, backed by a strong TVL and possible undervaluation.
Looking for the best altcoins to buy right now? Solana (SOL), Chainlink (LINK), ONDO, and Raydium (RAY) are showing strong bullish signals backed by rising trading volumes, key technical setups, and growing investor interest. From SOL’s healthy liquidity and LINK’s breakout-ready wedge pattern to ONDO’s ascending channel and RAY’s push toward major resistance, these altcoins are well-positioned for potential upside in the near term.
Solana (SOL)
Solana (SOL) is up 2.01% over the last 24 hours and is currently priced at $129.27. Cryptocurrency briefly increased above $134 before reversing, indicating a significant resistance in that price region. The trading volume increased by 21.68% to $4.58 billion, indicating more investor participation. As for its market cap, Solana comes in at $66.71 billion, surging by 1.0-5%.
Source: CoinMarketCap
According to the analyst, the volume-to-market-cap ratio of 6.89% speaks of a relatively healthy liquidity ratio of the market. SOL is trading low below the 200-day moving average at $181.520 and a crucial support level at $121.55 based on the technical signals. A consolidation has historically been found at levels above $160.70, and analysts continue to monitor this level closely.
Chainlink (LINK)
LINK is priced at $12.66, up by 0.76% in the last 24 hours. In intraday trading, however, the token briefly exceeded $13.20, and then retraced only underneath. At the time of writing, the trading volume gained 9.37%, making $317.74 million while the market capitalization stands at $8.31 billion. These figures suggest that the market participants are more active and positioning themselves for that direction.
Source: CoinMarketCap
According to technical analysis, a falling wedge pattern seen as a bullish structure, on the daily chart suggests that LINK is about to hit the upper region of its pattern. A rally could be initiated if the asset successfully breaks above the wedge and the resistance level is confirmed as a support level. Potential price targets include $15.40, with $17.50, $20.00, $23.80, and possibly higher price targets of $32.70 and $45.41.
ONDO
The ONDO token is currently at $0.8882, a 3.57% increase from the previous 24 hours. With a 23.28% increase in trading volume, $182.04 million, this may imply increasing market interest. ONDO’s market capitalization stands at $2.8 billion.
Source: CoinMarketCap
Technical indicators reveal a situation where the asset is consolidating in an ascending channel that could sustain purchase appearances. Key support is the $0.73 level, and price has recently been rebounding. For the current trend to remain, this must hold above this level. Continued price above $0.90 could lead to a breakout of the current resistance levels, with the price supported by an ascending channel.
Raydium
For the past day, Raydium (RAY) has experienced an increase of 8.36%, valued at $2.01. However, despite temporary setbacks, the token climbed from its intraday low of $1.8591 as it continued upward. However, trading volume jumped by 34.82% to $93.1 million, supporting the current uptrend. The market capitalization of RAY is $586.09 million, the fully diluted valuation is $1.11 billion, and the circulating supply is 290.81 million RAY out of the total supply of 555 million.
Source: CoinMarketCap
Technical analyst Ali says the asset is approaching a key resistance level at $2.10, which it has tested on previous occasions. A confirmed breakout above this level could invalidate any previous rejections and encourage a wider upside towards the $3. Presently, Raydium ranks a Total Value Locked (TVL) of $1.13 billion while offering a market cap-to-TVL ratio of 0.518. This signal may imply relative undervaluation, given the project’s further growth in the market metrics and techno station.
