Which Coins Can Withstand the Next Economic Crisis?

The financial world is unpredictable, with market dips and peaks affecting investments. As the bull run of 2024 picks up pace, many question the resilience of cryptocurrencies. This article explores the coins with the potential to endure an economic downturn, offering valuable insights for those looking to secure their portfolios in uncertain times.

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Ethereum’s Price Moves and Path Ahead

Ethereum’s current price is fluctuating between $3486 and $3742, showing a downward trend over the last week with a 4.77% drop. Over the past month, it fell by 8.15%, yet it’s up by 102.40% over six months. The prices are not making strong moves in either direction right now, suggesting a more stable or corrective phase rather than a sharp impulsive trend.

Looking ahead for Ethereum, there’s a mix of signals. With the RSI near the middle range and the price above the 100-day average, there’s strength that could push ETH toward the nearest resistance at $3837.71. But caution is also warranted as current trends aren’t strongly positive, and there’s potential to test support levels at $3326.87 or even $3071.45 if downward pressure continues.

XRP Price Analysis and Predictions

The price of XRP has seen a drop over the last week and month, with decreases of 3.61% and 8.94%, respectively. However, looking at the past six months, it has grown by 12.14%. Currently, XRP trades between $0.60 and $0.66. The price movement seems more corrective recently, with stabilization around the higher end of the current price range indicated by the supportive Simple Moving Average (SMA) values.

Considering XRP’s current position, its next resistance levels are at $0.69 and $0.75, while support levels are found at $0.57 and $0.51. Blending hope with caution, investors should be mindful of the nearest support, which could be tested if broader market trends shift. The indicators hint at a balanced force with RSI and Stochastic not showing clear overbought or oversold signals.

Solana’s Current Trends and Potential Upside

Solana has been fluctuating between $187.3 and $210.62 recently. Looking at the price change over the last week, SOL dipped by 1.77%, suggesting a slight downward movement. However, on a monthly view, it jumped by 37.25%, and an impressive 681% over the past six months. Despite a recent pullback, the long-term trend looks strong. The current price action seems more corrective than impulsive, moving sideways rather than in a clear direction.

Considering SOL’s current performance and technical levels, the potential for growth exists, with the next resistance level at $218.61. If Solana breaks above this, it could aim for the second resistance at $241.93. However, the RSI and Stochastic hint at a cautious stance, indicating that momentum isn’t overpowering right now. If Solana were to drop, it might find support at $171.97, with a further safety net at $148.65.

Polygon (MATIC) Current Price Trends and Forecast

Polygon’s price is between $0.96 and $1.07 right now. In one week, it fell 11%, and in one month, it dropped 21.57%. But, it went up by 59.22% over 6 months. The moves are mixed. Short-term, they’re corrective, since prices are down lately. Long-term, there’s been an impulsive rise because prices are way higher than 6 months ago.

The nearest support is at $0.91, while resistance is at $1.14. If buyers push hard, it could hit $1.25. But if it falls, it may find a floor near $0.80. The RSI and other signals are middle-ground, suggesting no strong trend. MATIC looks steady but could swing either way based on market news or trends.

Conclusion

The coins reviewed including ETH, XRP, SOL, and MATIC may have less potential for short-term growth, especially when considering the upcoming economic challenges. In contrast, BlastUP stands out with its higher potential during the bull run 2024. The strength of BlastUP lies in its innovative concept and its integration within the Blast ecosystem, which makes it a more compelling option during an economic crisis.

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