4 Crypto Expected To Challenge Their All-Time Highs Soon

As Bitcoin (BTC) continues its remarkable rise, breaks the $85,000 mark and reaches a new milestone all-time highsMarket experts predict a shift of capital into several major crypto altcoins that have yet to retest their previous peaks.

Price rating for leading crypto post elections

Market expert Jesse Olson recently shared his altcoin watchlist on social media platform X (formerly Twitter), to emphasize four cryptocurrencies, including Solana (SOL), as major players for what could be huge profits ahead.

Currently trading around $218, SOL has experienced a significant 36% price increase over the past week, outperforming many of the top ten cryptocurrencies. Remarkably, Solana is only 15% below its all-time high of $259 achieved in November 2021.

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The recent increase has resulted in an increase of almost 50% trading volume over the weekend, allowing SOL to surpass Binance Coin (BNB) and secure the fourth position in terms of market capitalization among cryptocurrencies. The key resistance levels for Solana are set at $222 and $230, which could pose challenges for further upside move.

Another altcoin on Olson’s list is Ethereum (ETH). Although it has underperformed in the weekly time frame compared to SOL and BTC, ETH is approaching a critical point breakout point.

Ethereum is currently trading at around $3,300 and is only 33% away from its all-time high of $4,878 reached in November 2021. Its recent 1.7% rise in the past 24 hours signals potential momentum as it clears four months of resistance at $3,320 trying to break through.

Chainlink struggles to break resistance as Cardano shines

Chainlink (LINK) has shown a slightly different dynamic. Although it has suffered a small decline of 1% over the past 24 hours, LINK has posted a substantial gain of 43% over the past week, with a trading price of $14.70 as of Monday.

Despite this positive weekly performance, LINK remains 72% below its all-time high of $52.70 recorded in May 2021. resistance wall is at $14.80, a level it has not exceeded since July.

Finally, Cardano (ADA) has proven to be a standout performer, up an impressive 84% in the weekly time frame and up 80% in the past two weeks.

Currently priced at $0.5959, the ADA is still significantly below the all-time high of $3.09 reached in March 2020 and is down approximately 81%. The nearest resistance for ADA is positioned at $0.6115, and if it surpasses this level, it could pave the way for a return to its current levels. annually high from $0.81.

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Despite the challenges these altcoins face in the near term, Olson and other analysts maintain a positive outlook for the rest of the year.

The recent one victory of Donald Trump Come the presidential election, this is expected to promote institutional adoption of cryptocurrencies and increase capital inflows into the market.

This political shift could create a favorable environment for continued price increases for the ecosystem’s top crypto assets, including Bitcoin and the altcoins listed on Olson’s watchlist.

Featured image of DALL-E, chart from TradingView.com