TON or SOL: The Cryptos Every Investor Should Watch On This Market Dip

Amid the current market downturn, certain cryptocurrencies are capturing investor interest. Toncoin (TON) and Solana (SOL) are seeing increased activity. ChangeNOW, a platform for exchanging cryptocurrencies without registration, reports that transaction volumes for these coins have grown. Savvy investors and large holders concerned about fund safety are using ChangeNOW. The rising transactions suggest investors are accumulating these assets, indicating potential future growth.

Solana Nearing Support Levels Amid Potential Market Rebound

Solana (SOL) has seen a recent decline, trading between $205 and $239. In the past week, its price dropped over 20%, and it’s down about 24% this month. The Relative Strength Index (RSI) is around 26, suggesting the cryptocurrency is oversold. With support at $187 and resistance at $255, a reversal could see SOL targeting higher levels like $289, which would be a notable percentage increase from current prices. 

Some market indicators point towards possible growth. Solana is available for purchase on platforms like ChangeNOW, offering services without registration and hidden fees.

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Toncoin Nears Support Level Amid Bearish Trend But Shows Growth Potential

Toncoin (TON) is currently trading between $5.26 and $7.17, showing a bearish trend with a 1-week price decline of 21% and a 6-month drop of 31%. The Relative Strength Index is at 30, suggesting that TON is approaching oversold territory. The nearest support level is $4.13, and the nearest resistance is at $7.94. If the price rebounds from the support, it could target the resistance at $7.94, representing a potential increase of around 50%. With the Simple Moving Average over 10 days at $5.22, there may be signs of consolidation. 

Toncoin’s current setup appears favorable for those considering a purchase, and it can be acquired on ChangeNOW with no registration and no hidden fees.

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Conclusion

In conclusion, both TON and SOL present investors and traders with unique opportunities during this market dip. TON offers innovative features that could potentially reshape transaction processes, while SOL’s fast processing times and active development make it a strong option in the market. For those considering investing in these coins, ChangeNOW provides an excellent platform. It enables users to exchange, buy, or sell cryptocurrencies without hidden fees or the need for registration, enhancing security by not storing user funds. Supporting over 900 cryptocurrencies, ChangeNOW imposes no limits on transaction volumes and offers the convenience of purchasing crypto with a bank card.