Top Ethereum Tokens to Buy in 2024

SuperRare (RARE) Price Action

SuperRare (RARE) has demonstrated impressive price action despite broader bearish trends in the crypto market:

Recent Gains: RARE surged by 77.89% in the past day, with a trading volume of $579.54 million. It has increased over 250% in the past week and shows a Year-to-Date (YTD) return of 108.29%.
Technical Indicators: The Moving Average Convergence Divergence (MACD) is currently flat, while the Simple Moving Average (SMA) indicates a potential bullish crossover.
Price Targets: If RARE surpasses its resistance level of $0.2575, it may test its high of $0.4675. Conversely, a bearish trend could see it retest the crucial support level of $0.050.

Altlayer (ALT) has shown a strong recovery from recent bearish conditions:

Recent Performance: ALT increased by 6.82% in the past day and 8.63% over the past week. It holds a market cap of just over $217 million and is ranked 183rd globally.
Technical Indicators: The Relative Strength Index (RSI) shows a bullish rise, suggesting increased buying pressure. The SMA also supports a positive outlook.
Price Targets: If bullish trends continue, ALT could reach its upper resistance level of $0.2380. However, a bearish scenario might push it toward its low of $0.0040.

Synapse (SYN) has maintained a bullish trend with significant recent gains:

Recent Performance: SYN rose by approximately 39% in the past day and 95.28% over the past 30 days. It also shows a Year-to-Date (YTD) return of around 50%.
Technical Indicators: The SMA acts as a support in the 1D time frame, and the MACD’s rising green histogram indicates continued value appreciation.
Price Targets: If SYN remains above its support level of $0.5885, it may test its upper resistance level of $1.170. Conversely, a bearish trend could see it fall to the crucial support trendline of $0.3125.

These Ethereum-based altcoins—SuperRare (RARE), Altlayer (ALT), and Synapse (SYN)—are showing promising signs for substantial gains in 2024. Keep an eye on these tokens as they navigate the evolving market landscape.