The Quiet Phase Before the Next Cycle How Smart Traders Prepare

Anticipation builds as the market experiences a lull, creating the perfect atmosphere for strategic positioning. During these calmer moments, savvy traders are busy researching and identifying potential breakout coins. The article delves into the meticulous preparations and uncovering of promising assets ready to surge in the next cycle. Discover which cryptocurrencies are poised for growth.

BNB Price Fluctuates Within Range, Aiming for Further Upside

Source: tradingview

BNB trades between $836 and $913, showing mixed emotions in the market. While the coin recently dipped 4.75% over the past week, it gained nearly 4% over the last month and over 10% in the past six months. The next challenge lies at the $961 resistance level, with potential to climb to $1,038 if momentum builds. That could mean a rise of around 13% to 24% from current levels. Technical indicators like the RSI and moving averages suggest neutrality, yet slight bullish tilt. Holding ground above $807 offers hope for upward movement, catching investor eyes on this volatile yet promising path.

Stellar (XLM) Shows Potential Despite Recent Dips

Source: tradingview 

Stellar (XLM) is trading in the twenty-cent range, close to its ten-day average. It's facing resistance just above the twenty-cent mark but holds support at nineteen cents. Over the past week and month, XLM has dipped but it hasn't fallen below recent support. The coin's RSI suggests it's neither overbought nor oversold, hinting at potential stability. If it climbs past the first resistance level, XLM might aim for a twenty-five cent mark. This would represent a potential jump of over ten percent from its current standing. Despite recent declines, the figures suggest XLM could recover and grow if it breaks resistance barriers.

Mantle (MNT) Shows Stability with Room to Grow

Source: tradingview 

Mantle's price dances between 81 cents and 92 cents. While it's been a rough month with an 18% dip, the last half year tells a brighter story, boasting nearly a 16% gain. The price finds back-up at around 77 cents, while facing a hurdle at 98 cents. If momentum builds, breaking this could push Mantle much closer to the dollar mark at roughly $1.09. This potential rise reflects about a 25% increase from current levels. The coin's relative strength is balanced for now, with key indicators suggesting room for upward movement. Eyes are on whether Mantle can harness this to push higher in the coming days and weeks.

Algorand (ALGO) Looks to Bounce Back Despite Recent Slide

Source: tradingview 

Algorand (ALGO) is currently trading between eleven and twelve cents, showing little movement. It's been a tough six months, with the price dropping over fifty percent. However, it's near an important support level of eleven cents and could aim for a resistance level at thirteen cents or even fourteen cents. If it moves to fourteen cents, that's a potential rise of over twenty percent from its current range. The Relative Strength Index shows it’s not overbought, which hints at room for growth. While recent changes have been small, the stable moving averages suggest it might be ready to break its stagnation.

Conclusion

Smart traders are making the most of this calm period by focusing on different coins. BNB, XLM, MNT, and ALGO are among those getting attention. By analyzing current trends and positioning carefully, traders might better navigate the market's next phase. Balancing portfolios with these coins could offer advantages as conditions evolve.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.