TON, SOL, RNDR, and JUP are four cryptocurrencies that are being closely watched as the new week begins.
TON, despite its recent rise, has been trading sideways and has not seen much movement in the past 24 hours. However, it has seen a significant increase of 23.25% in the last seven days. According to the 4-hour chart, TON has found support at $5.64, and if it can break through the overhead resistance at $7.19, it could rise towards $8.50.
SOL, on the other hand, has been struggling to reach its recent peak of $155.47. The 4-hour chart indicates a bearish trend, with the 20 EMA crossing over the 9 EMA. If buying pressure does not come in, the next target for SOL could be a decline to $137.26.
RNDR has seen a significant increase of 16.94% in the last week, but indications from the Money Flow Index (MFI) suggest that traders may be booking profits. If the MFI continues to fall, RNDR’s price could also decline. The Moving Average Convergence Divergence (MACD) also suggests a bearish momentum.
JUP has found support at $1.00 and is currently trading at $1.05. The Awesome Oscillator (AO) indicates that sellers’ dominance may be waning, which could lead to a price increase. If this continues, JUP could aim for the $1.19 overhead resistance.
It is important to note that these predictions are based on technical indicators and market analysis, and should not be considered as financial advice. Traders and investors are advised to exercise caution and do their own research before making any investment decisions.