Experts Bet Big on These Cryptocurrencies in 2024

The crypto market is experiencing a surge in 2024, drawing attention to select cryptocurrencies that experts are investing in heavily. With the bull run underway, industry specialists are pinpointing cryptos they believe will outperform the rest. This article looks at the choices professionals are backing this year, aiming to guide investors looking for the most promising opportunities in the booming market. Get ready to discover which cryptocurrencies could potentially lead the pack as the rally gains momentum.

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Cosmos (ATOM) Price Movement and Forecast

Cosmos (ATOM) sees fluctuations with a current range between $8.13 and $9.17. Facing a resistance at $9.87, it might test support near $7.78 if it dips. Over a week, the price fell by 8.82% and slid by 9.03% in a month, but only 6.55% over six months. The short-term average price is $8.54, barely below the 100-day average at $8.69. Its RSI and stochastic values hover at mid-points, suggesting no strong momentum in either direction. Current signals hint that Cosmos could continue to hover without clear direction, searching for a catalyst to break confirmed resistance or support levels.

NEAR Protocol Price Movement: Steady Climb with Bullish Signals

The NEAR Protocol has seen significant growth, increasing by 26.15% over the past month and a striking 374.33% in six months. Currently priced between $6.46 and $7.64, NEAR shows bullish momentum, indicated by its current position above both the 10-day ($7.22) and 100-day ($7.15) simple moving averages. With a relatively high Relative Strength Index (RSI) of 61.45 and a nearing overbought Stochastic level of 80.76, the coin is experiencing impulsive moves. The MACD level at 0.09 suggests positive price momentum. Resistance levels are at $8.39 and $9.57, with support at $6.04 and $4.86.

Render Sees Impressive Half-Year Leap

Render (RNDR) has witnessed significant growth with a six-month price surge of over 400%. In the past week, it climbed by 14.04%, extending the monthly increase to 37.81%. Currently ranging between $9.63 and $11.81, RNDR is approaching a resistance level at $12.80, with its immediate support at $8.44. Short-term moving averages suggest a slight bullish momentum as the price inches the 10-day average of $11.24 yet stays close to the 100-day average of $10.99. Indicators like the RSI at 57.49 and a Stochastic reading of 74.03 hint at growing buyer interest without hitting the typically overbought zone. With the MACD at a modest 0.11, RNDR’s price movement appears to be in a moderate, impulsive uptrend.

Hedera HBAR Price Momentum and Forecast

Hedera’s coin HBAR is trading between $0.10 and $0.12, eyeing the next resistance at $0.13. With support waiting at $0.09, the coin has surged over the past six months, up by 85.17%, and even in the last month, it went up by 24.56%. However, the past week saw a slight dip of 2.01%. The market behavior is neither strongly impulsive nor deeply corrective, as shown by the RSI near the middle at 51.35. The price trend is flat based on the 10-day and 100-day averages at $0.11. HBAR may test resistance at $0.13 soon, placing it in a modestly positive momentum phase.

Conclusion

ATOM, NEAR, RNDR, and HBAR are being watched closely this year. Many experts believe these coins have potential. However, they might not see big gains soon. The main focus should be on BlastUP. This project stands out because of its strong concept and its place in the Blast ecosystem. BlastUP is seen as having the highest potential for growth among the mentioned projects.

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