As the market attempts to find stability, certain cryptocurrencies attract strong attention. Traders are closely monitoring potential breakout coins that could surge once conditions improve. This article reveals the top three digital assets poised for significant gains, offering valuable insights into where future opportunities may lie. Discover which coins are capturing trader interest. Stellar (XLM) on the Rise: Potential for Growth Source: tradingview Stellar's current price hovers between 21 and 22 cents. It's inching upwards, showing a steady but slow rise. Recent movement indicates a potential climb, with the next resistance level at nearly 24 cents. If Stellar breaks through this level, it could aim for around 25 cents, suggesting a growth of about 16% from its current range. This recovery may attract more interest. Despite a one-month dip of nearly 13%, the coin has bounced back by over 1% in a week. Its Relative Strength Index suggests it's not overbought or oversold, pointing to stability. In the coming months, Stellar's growth potential could invigorate market enthusiasm. Hedera's Path to Growth: Will HBAR Surpass Resistance Levels? Source: tradingview Hedera (HBAR) is currently trading between the low 10 cents and nearly 12 cents. It's trying to break past a resistance point at about 12.3 cents. If it manages this, the next target is around 13.2 cents. The coin’s recent movement shows a small weekly bump of about 1.7%, though it's still down by over 21% this month. If HBAR gains momentum, passing both resistance levels could mean a rise of more than 20% from its current price. However, the RSI suggests the market isn’t overbought yet, giving potential for growth. Keep an eye on moving averages; they hint at steady momentum, crucial for breaking resistance. Algorand (ALGO) Shows Slight Recovery Amid Recent Decline Source: tradingview Algorand's value hovers around $0.11 to $0.12, with signs of modest recovery. It's slightly up by about five percent over the last week. However, it's still down roughly 16% for the month and 30% over six months. The next possible jump could see it reach resistance at $0.13, a climb of over 8% from its current level. If this momentum continues, ALGO might aim for $0.14, marking a rise of around 17% in total. But, any drop might test support around $0.10. Its technical indicators suggest it's neither oversold nor overbought, hinting at a relatively stable position in the short-term. Conclusion Traders are closely monitoring XLM, HBAR, and ALGO as the market searches for a bottom. XLM continues to show strong transaction speeds. HBAR stands out with impressive energy efficiency. ALGO is gaining attention due to its unique consensus mechanism. Keeping these three coins on the radar could provide valuable insights during this market phase. 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.
