Altcoins
3 Best Altcoins to Buy Today January 24: DOGE, SOL, MANTA
Investors breathed a sigh of relief during European business hours on Tuesday, as Bitcoin Price checked relatively higher. BTC stabilized above the $40,000 level and then climbed to $40,500, according to the cryptocurrency aggregator platform. CoinGecko. This new bullish outlook follows a deep drop below $39,000 on Tuesday, down 20% from the previous high reached at $49,000 following the approval of BTC ETFs.
Top altcoin to buy like Solana (SOL), Manta Network (MANTA), and Avalanche (AVAX) led the rally with double-digit gains. Other tokens like Dogecoin (DOGE) followed in their footsteps but with modest gains.
Investors appear alert again and eager to take new positions on the best cryptocurrency to buy, but patience is advised to allow the market to determine the next course of action.
Is it worth buying Dogecoin (DOGE) today?
Dogecoin is holding modestly above the 200-day exponential moving average (EMA) at $0.077. The token, which is also the largest meme coin, is expected to close the day above $0.8 to confirm the ability of the uptrend to continue this week.
However, traders should be aware of the narrow consolidation range between support between $0.076 and $0.085. A move to either side of this range would determine the direction Dogecoin price heads next.
Dogecoin Price Chart | Commercial view
The Relative Strength Index (RSI), although neutral at 43, is starting to recover, implying that buyers are slowly gaining ground.
If DOGE breaks out of the uptrend range and downtrend line, as shown in the chart, investors’ risk appetite will increase, creating the momentum needed to sustain the uptrend above 0.1 $.
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Solana (SOL) prepares to climb to $100
SOL has had a remarkable run through 2023, culminating in an astonishing increase in value of almost 1,000%. However, this rise slowed in early January, with the value of SOL decreasing by around 30%. Recent updates reveal that Solana is currently priced at $86.47. This figure represents an increase of 9% compared to the last day, suggesting an upward trend in the market.
Solana Price Prediction Chart | Tradiview
If the current upward momentum of Solana price If the market intensifies, it could propel the cryptocurrency towards the $90 resistance level. If this uptrend persists, hitting the $100 mark might not be too far-fetched, signifying a significant resumption of momentum.
The Manta network grows by another 28%
Manta Networka modular web3 ecosystem allowing users to create and deploy various solidity-based decentralized applications (dApps), has been moving north since its launch on exchanges including Binance, Bybit and KuCoin.
MANTA’s 28% rise in value propelled it to $2.85 at the time of writing, attracting a staggering $500 million in trading volume. Mantra Network’s market capitalization jumped 28% to $716 million and now sits at 85th place in the market.
A glance at the hourly chart reveals increasing resistance at $3, with MANTA hitting a new ATH of $2.97.
MANTA Price Chart | Commercial view
Although the RSI is slightly overbought at 70, a break above resistance at $3 could make MANTA more attractive to investors who believe the uptrend is far from over, suggesting the token has the potential to continue the price discovery mode.