Top Best Breakout Crypto Coins You Can Target Now!

2 months ago 26787
ARTICLE AD BOX

XRP, BNB, and SAND have faced a downtrend in early September 2024, with indicators such as RSI and MACD all having a bearish week.

However, all three cryptocurrencies are positioned near key support levels, giving opportunity for traders to trade on breakout level.

For on-demand analysis of any cryptocurrency, join our Telegram channel.

XRP Current Price Analysis

  • Current Price: $0.53
  • Market Cap: $30.18 billion
  • 24H Trading Volume: $1.9 billion
  • Circulating Supply: 56.25 billion XRP
  • All-Time High (ATH): $3.92
  • Total Supply: 100 billion XRP
Xrp Current Price AnalysisImg src- Altfins

Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a ‘buying dip’ opportunity.

Pullback near $0.57 key level could be another swing trade entry in Uptrend with +15% upside potential back to $0.67. Stop Loss at $0.53.

Weekly Price Analysis for XRP

  • Price Change (7D): -5.00%
  • Week Opening Price: $0.55
  • Trend: Short-term trend is Strong Down, Medium-term trend is Neutral and Long-term trend is Up.
  • Momentum: Price is neither overbought nor oversold currently.
  • Support and Resistance: Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.67, then $0.75.

Indicators for XRP

  • RSI: 48 (Neutral)
  • MACD: Bearish crossover
  • Bollinger Bands: XRP is trading near the lower band, signaling potential overselling.

BNB Current Price Analysis

  • Current Price: $487
  • Market Cap: $71.08 billion
  • 24H Trading Volume: $1.86 billion
  • Circulating Supply: 145.93 million BNB
  • All-Time High (ATH): $690
  • Total Supply: 200 million BNB (subject to periodic burns)
Bnb Current Price AnalysisImg src- Altfins

Trends are mixed to down. Following a breakout from Channel Down pattern, price reached $600 resistance where it got rejected.

Pullback to $500 support is swing trade entry opportunity in with +20% upside potential back to $600. Stop Loss $480.

Weekly Price Analysis for BNB

  • Price Change (7D): -4.5%
  • Week Opening Price: $510
  • Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
  • Momentum: Price is neither overbought nor oversold currently.
  • Support and Resistance: Nearest Support Zone is $450.00. Nearest Resistance Zone is $550.00, then $600.00.

Indicators for BNB

  • RSI: 42 (Neutral)
  • MACD: Slight bearish trend
  • Bollinger Bands: BNB is near the lower band, indicating a potential price rebound.

SAND Current Price Analysis

  • Current Price: $0.27
  • Market Cap: $370 million
  • 24H Trading Volume: $60 million
  • Circulating Supply: 1.36 billion SAND
  • All-Time High (ATH): $8.44
  • Total Supply: 3 billion SAND
Sand Current Price AnalysisImg src- Altfins

Price is in a Downtrend, however, there are signs of improvement. It had a bullish breakout from Falling Wedge pattern and price reached $0.30 resistance for +15% gain.

Now the price pulled back to $0.25 support, which is a swing trade entry opportunity with +20% upside potential back to $0.30 resistance. Stop Loss at $0.23.

Weekly Price Analysis for SAND

  • Price Change (7D): -6.7%
  • Week Opening Price: $0.29
  • Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
  • Momentum is Bearish. Price is neither overbought nor oversold currently.
  • Support and Resistance: Nearest Support Zone is $0.20. Nearest Resistance Zone is $0.30, then $0.35.

Indicators for SAND

  • RSI: 39 (Bearish)
  • MACD: Bearish crossover
  • Bollinger Bands: SAND is approaching the lower band, signaling potential selling pressure.

For on-demand analysis of any cryptocurrency, join our Telegram channel.

Read Entire Article