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Cryptocurrency News Articles
As Crypto Markets Gear Up for a Potential New Bull Run, All Eyes Are Turning to Two Top Contenders
Apr 27, 2025 at 04:04 pm
During the recent market recovery, both altcoins have managed to maintain their resilience and have attracted investor and analyst attention again.
As crypto markets prepare for the potential of a new bull run, two top contenders that have been performing well and could surge further are Solana and Avalanche. Both altcoins have shown resilience during the recent market recovery, keeping them in the investor and analyst spotlight.
With strong fundamentals, expanding ecosystems, and signs of institutional attention, Solana and Avalanche are setting the stage for a move to new highs. But which one is better positioned to explode first as the next wave of momentum builds?
Solana Retakes Among As Institutional Money Surges
Solana has been performing well of late, heating up as Bitcoin (BTC) finds support around $93,000. With a 7.3% weekly gain, SOL now trades around $149, setting the pace among the top altcoins as April draws to a close. This rally has not only lifted SOL but also brought gains to Solana-based meme coins.
Earlier this year, SOL faced difficulties and dropped to a low point of $97 in April, but surging interest from institutions has helped to quickly shift the narrative around the token. The launch of futures-based SOL ETFs in the U.S. set the stage, and then four Canadian firms brought spot SOL ETFs to the Toronto Stock Exchange mid-April.
As the market digested the news, SOL quickly surged to $130, setting the tone for the weeks ahead. Further fueling this move, SOL Strategies Inc. secured a $500 million investment fund to acquire and stake Solana tokens. With staking reducing circulating supply, scarcity could be a factor as demand rises. Analysts like TradelikeKevin see a $200 retest by June as possible, though they anticipate a healthy pullback to around $130 first.
Crypto Chase shares this view, suggesting $130 could be a good level for buyers to join as SOL aims for $167 and beyond. Although the Relative Strength Index (RSI) suggests overbought conditions at 66.2, a minor correction could help to solidify Solana’s base for a stronger breakout. Despite minor dips, SOL remains comfortably above its 50-day Simple Moving Average and is nearing the 200-day SMA at $175, providing further support for bulls.
Beyond user activity, Token Terminal data shows Solana retaking leadership among blockchains in daily active users. This surge in real-world usage highlights the growing demand for the Solana network and adds another layer to the bullish case for SOL in the mid- and long-term.
In the battle of Solana versus Avalanche (AVAX) heading into the next bull run, SOL’s combination of institutional inflows, growing user activity and technical strength puts it firmly ahead, for now.
Avalanche Defends Critical Levels And Prepares For Breakout
Avalanche (AVAX) has been quietly building momentum as the crypto market tries to shake off months of uncertainty. As Bitcoin’s rally brings strength to the broader market, AVAX is emerging as one of the altcoins that could see substantial gains from here.
Now trading at $22, AVAX has risen by 9.88% over the past week, setting the stage for a recovery narrative. Trading volume is also picking up, showing that investor interest is returning at just the right moment.
Market analysts are closely following AVAX’s price behavior. Even with the focus largely on Bitcoin, Avalanche is forming a tight coil pattern a classic setup that often precedes explosive price moves.
Despite the low activity on the surface, strong underlying demand is building. This quiet accumulation phase has usually led to major rallies when the breakout occurs, and AVAX seems to be following that path.
The chart structure shows that AVAX is defending key support levels. If buying pressure increases, the next significant resistance points would be at $23.46 and $25.12. Breaking through these levels could open the door for a much larger move, especially as institutional investors begin to look for new opportunities outside of Bitcoin and Ethereum.
Compared to Solana, which already has institutional exposure and major ETF listings, Avalanche may offer more dramatic near-term upside if the breakout confirms. With the market slowly shifting back to risk-on mode, AVAX could become one of the surprise leaders in the next bull cycle, setting the stage for an interesting competition with Solana.
Remittii Emerges As A Serious Contender Ahead Of Next Bull Market
While Solana (SOL) and Avalanche (AVAX) are seen as top contenders for the next bull market, another coin is quietly gaining serious traction. Remittii (RTX), a fast-emerging force in the payments sector, is shaping up to be one of the breakout performers of 2025.
Unlike many altcoins that rely heavily on hype, Remittii delivers real-world solutions, solving the age-old problem of expensive and slow international transfers. Its PayFi technology allows users to instantly send crypto assets like Bitcoin, Cardano and Solana
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- May 01, 2025 at 09:10 am
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- Market sentiment remains cautious ahead of the May 7 Ethereum Pectra upgrade, but optimism is beginning to return
- May 01, 2025 at 09:05 am
- Traders remain cautious about ETH's price action, but optimistic sentiment is beginning to return. The May 7, Ethereum Pectra upgrade could boost investor sentiment.
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- May 01, 2025 at 09:00 am
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- Despite Discouraging GDP Report, Bitcoin Holds Its Value and Hits a New ATH in Argentina
- May 01, 2025 at 08:55 am
- The US Bureau of Economic Analysis (BEA) released its PCE and GDP reports for Q1 2025 today. Despite this discouraging signal, Bitcoin has held up rather well, even hitting a new all-time high in Argentina.