Top Solana-based Altcoins Poised for Growth in Bullish Market

The cryptocurrency market has been witnessing increased price volatility, with Solana (SOL) making significant gains recently. SOL has surged by 10.56% in the past seven days, surpassing Binance Coin (BNB) to become the 4th largest crypto token by market cap.

This bullish momentum in Solana has also positively impacted other SOL-based altcoins, sparking interest among investors. As the market sentiment turns positive, there is anticipation that the Solana ecosystem could soar to new heights.

Jito (JTO)

Jito (JTO) has seen a remarkable surge of 10% in the last 24 hours and 15.03% over the past week. Long-term investors have been rewarded with a YTD return of 70.92%. Technical indicators such as SMA and MACD are displaying a strong bullish trend, indicating a positive outlook for Jito.

If JTO can maintain its price above the support level of $3.010, it may continue its bullish trajectory towards the resistance level of $3.80. However, a trend reversal could pull the price back to $2.260.

Jupiter (JUP)

Jupiter (JUP) has been trading under a bullish sentiment, with an increase of 13.18% in the past day and 11.71% over the past week. The Relative Strength Index (RSI) shows bullish convergence, suggesting that JUP could continue gaining momentum.

If the bulls push the price above the resistance of $1.160, Jupiter may target $1.4950. On the flip side, a bearish trend could see the price retesting the support level of $0.8445.

The Graph (GRT)

The Graph (GRT) recently recorded a 3% jump after a brief period of bearish sentiment. With a trading price of $0.1998 and a market capitalization of $1.910 billion, it holds the 51st spot in the top 100 cryptocurrencies.

The EMA 50-day acts as a resistance level for GRT, indicating strong bearish sentiment. The MACD indicator shows a constant decline in the green histogram, signaling uncertainty in the future price action of The Graph token.

For GRT to move towards its upper resistance level of $0.2650, maintaining the price above key support is crucial. Conversely, a bearish scenario could see GRT dropping to the support level of $0.1375.

As the Solana ecosystem continues to attract attention and investment, these top Solana-based altcoins show significant potential for growth in the current bullish market.