Top 5 Tokens Set for Breakouts: TAO, JUP, APT, TRX, and XLM
- TAO coin shows strong market resilience and aims for a breakout above $450 soon.
- The JUP token is gaining traction with a potential rally toward the $1.20 price.
- TRX and XLM tokens present recovery chances with much promising price action ahead.
The crypto market shows promising opportunities as BitTensor (TAO) eyes $450, supported by firm trading volumes. Jupiter (JUP) targets $1.20, while Aptos (APT) aims for $10.8 amid increased development activity. TRON and Stellar signal recovery, with TRX approaching $0.40 and XLM targeting $0.50, driven by rising volumes and market momentum.
TAO: Eyeing a Breakout to $450
As of press time, BitTensor (TAO) ‘s price is $411.78, reflecting a 9.92% decline over the past week. TAO boasts a circulating supply of 8.21M tokens and a total market cap of $3.38B. Despite the dip, trading volume surged by an impressive 99.22% over the past 24 hours, hitting $317.6 million, signaling growing investor interest.
Analyzing the price trend, TAO has demonstrated resilience within the $402-$415 price probabilities. With its strong fundamentals, the token is poised to climb into the $450-$465 range, offering bullish opportunities. The community sentiment remains highly favorable, with 84% voting bullish.
Jupiter (JUP) Price Analysis: Eyeing a Breakout to $1.20
JUP is priced at $0.9525, reflecting a 2.29% increase in the past day. With a market cap of $1.68B and a 24-hour trading volume of $1.63B (+120.56%), investor interest is surging. The token’s FDV stands at $6.66B, supported by a circulating supply of 1.688B JUP out of a 6.99B total supply.
Source: CoinMarketCapRecent price action suggests strong support near $0.90, positioning JUP for a potential rally toward the $1.20 level, where prior resistance lies. With 24-hour volume equaling 100.29% of the market cap, JUP demonstrates high liquidity and potential for upward movement.
APT: Projecting a Rise to $10.8
Aptos (APT) is trading near $8, with on-chain activity showing a correlation between price and development trends. The green line (price) highlights consolidation, while the purple line (development activity) recently spiked, signaling network engagement.
Source: SantimentHistorically, increased development activity correlates with bullish price action, and sentiment suggests APT could climb to the $10.8 range in the short term. The rebound from support and on-chain momentum underscores investor confidence. As development activity stabilizes, APT appears primed for a potential breakout, aligning with market expectations for further growth.
TRX: Testing $0.4 Levels
The token trades at $0.235, reflecting a 7.14% decline in 24 hours. It has a market cap of $20.23B and a 24-hour volume of $768.29M (+82.29%), signaling strong activity. The token’s FDV stands at $20.24B, with a total circulating supply of 86.13B TRX.
The chart indicates downward momentum toward the $0.18-$0.20 range, presenting a potential discount zone. Coupled with increasing trading volume and vigorous activity, a rebound toward the $0.40 level remains plausible. Investor sentiment will be key to confirming a bullish turnaround for TRX.
Related: After A Month of Decline XLM is Surging – What’s Behind?
XLM: Targeting $0.5
Stellar (XLM) trades at $0.3752, down 20.88% in 7 days. It has a market cap of $11.45B and a 24-hour volume of $494.53M (+65.29%). The price has ranged between $0.39 and $0.35, with the potential to rebound toward $0.50, supported by strong trading activity.
Investor interest remains essential, with a circulating supply of 30.51B XLM out of 50B total supply. As volume surges and sentiment stabilizes, XLM could target higher resistance levels, presenting opportunities for short-term gains.
The post Top 5 Tokens Set for Breakouts: TAO, JUP, APT, TRX, and XLM appeared first on Cryptotale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why TradFi firms could turn to bitcoin margin loans: Maple CEO
Maple’s Sid Powell said that TradFi firms have been in contact with the firm about lending and borrowing in crypto
The Daily: ECB President Lagarde rejects bitcoin for Eurozone reserves while the Czech central bank considers it and more
European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.
'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT
The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”
Kiyosaki Dumps Gold and Silver, Projects Bitcoin at $250K by 2025