Solana Surges, Altcoins Eye Rally as Q1 Nears

Cryptocurrency markets are abuzz with the recent surge in Solana's value, which has sparked speculation about a potential rally for other leading altcoins. As Solana approaches resistance at $265, investors are eagerly watching to see if Cardano, Ripple, and TRON will follow suit and achieve notable gains by the end of the first quarter.

Solana's bullish momentum is evident, with its relative strength index surpassing 60 and a positive MACD. Despite an almost 8% decline over the past week, the cryptocurrency has surged nearly 50% in the last six months. If the upward trajectory persists, Solana might hit the next resistance point at $318, marking a 30% increase from its present value.

However, not all altcoins are experiencing the same level of bullish momentum. Cardano (ADA) is currently under bearish influence, with its price fluctuating between $0.71 and $0.95. It has fallen around 19% in the past week and approximately 29% over the month. The short-term moving average is below the long-term average, indicating a downward trend. If the price falls below the $0.61 support, it might reach the next support at $0.37. On the other hand, if buyers enter the market, resistance levels at $1.09 and $1.32 could be targeted.

XRP, on the other hand, is trading between $2.29 and $3.04. Despite a 14% decrease over the last week, it has gained over 8% within a month and soared nearly 338% over six months. The momentum indicators suggest a market leaning towards bullishness, albeit neutral for now. If it breaks past the $3.50 resistance level, it could climb to $4.25, representing an over 40% rise from current levels.

TRON (TRX) is under bearish pressure, with its price ranging from $0.21 to $0.25. It has dropped by 9% in the past week. The Relative Strength Index reads 51, indicating neutrality. If the price stays above the $0.20 support, it could aim for the $0.27 resistance. Surpass