Altcoins Aave, TRON, Mantle Gain as Bitcoin Faces $98,000 Resistance

Bitcoin is currently facing a significant resistance level at $98,000, which has been a critical milestone for the cryptocurrency. As Bitcoin struggles to push through this barrier, investors are turning their attention to alternative cryptocurrencies, or altcoins, that could offer rapid gains amidst the ongoing market volatility. Three altcoins, in particular, have shown promising performance and could be poised for significant growth.

Aave, one of the altcoins in focus, has experienced a steady climb with a 17.37% increase in the last month and a 38.23% surge over the past six months. The coin's performance reflects a gradual buildup of buying momentum and a shift toward bullish behavior, attracting both new participants and existing holders. Current prices for Aave are between $125.92 and $191.13, with resistance levels at $217.84 and $283.06, and support levels at $87.40 and $22.19. While bulls maintain momentum, the Relative Strength Index (RSI) at 63.27 suggests a need for caution. Trading strategies recommend buying near support levels, with an eye on resistance for potential profit-taking, as the market lacks a clear trend.

TRON, another altcoin to watch, has experienced a modest weekly slip of 1.50% while advancing 4.22% over the past month and an impressive 52.44% rise over the last six months. The coin’s performance shows periods of healthy gains punctuated by short-term corrections that keep traders on alert without any dramatic volatility. TRON’s current price is trading between $0.2244 and $0.2639, with close resistance at $0.28 and clear support at $0.20. Bears and bulls are in a tug-of-war as prices hover near these levels, indicating a balanced zone without a dominant trend. Watching price movement within these boundaries could reveal breakout points to guide trading decisions.

Mantle, the third altcoin on the list, has experienced a mild decline of 2.33% over the past month while marking a notable 32.89% upward shift over the last six months. The coin’s behavior signals a period of recovery following a short-term dip, reflecting fluctuations that hint at renewed investor interest during a phase of overall appreciation. Currently, Mantle trades within a range of $0.66 to $0.82, with immediate resistance at $0.89 and a secondary hurdle at $1.05. Support is noted at $0.57, with further backing near $0.41. Technical signals, including a near-neutral RSI of 52.37, suggest there is no clear trend. Traders may consider buying at support levels and watching for breakouts above resistance for fresh market momentum.

With Bitcoin facing resistance at $98,000, attention turns to potential opportunities in altcoins. Aave shows promise with its strong decentralized finance platform. TRON continues to attract users with its high transaction speed and low fees. Mantle stands out due to its innovative features and growing user base. Investors may find quicker gains by exploring these altcoins amidst the current market conditions.