- A broad crypto rally is being led by standout gains in SOL, HYPE, CRO, and IP tokens.
- Solana (SOL) has reclaimed the $200 level, gaining over 7%, with key resistance now at $205.
- Cronos (CRO) went parabolic, surging over 37% on a massive 1,415% spike in trading volume.
The crypto market caught a serious bid over the last 24 hours, with Solana (SOL), Hyperliquid (HYPE), Cronos (CRO), and Story (IP) leading the charge. This isn’t just a random pump. The rally in these top altcoin gainers is backed by solid chart patterns and big money, a clear sign that investor confidence is back and fueling a late August bull run.
What Are the Key Levels for Solana (SOL)?
SOL climbed to $202.15, marking a 7.48% gain over the past day. The token demonstrated a clear uptrend from $187, peaking above $205 before settling slightly lowerA clear pattern of higher highs and higher lows shows the bulls are in control.
Key support is now at $195, with a wall of sellers between $205 and $206. If it can break the $210 barrier, a quick move to $220 is in the cards.
Is There Real Money Behind the Hyperliquid (HYPE) Pump?
HYPE surged 11.77% to $50.19 as it rallied from $44.8 to above $51. The coin’s short-term trend shows higher highs and higher lows, signaling strong buying interest.
Support levels at $49 and $47 provide a safety net, while immediate resistance lies at $51.50. If the token surpasses this zone, it may target $53 to $55.
Notably, trading volume rose 2.2% to $377.19 million, highlighting growing market participation. Market cap sits comfortably at $16.76 billion, supporting the continuation of bullish pressure.
What’s Driving the Explosive Moves in Cronos (CRO) and Story (IP)?
Cronos (CRO) went parabolic, exploding 37% to hit nearly 22 cents. The rally from the 16-cent level saw a massive wave of buying, with CRO volume surging an incredible 1,415% to in excess of $1 billion. Immediate support is at $0.205, with a big block of sellers around $0.225.
Meanwhile, Story (IP) tagged $6.15, a solid 11% gain on a big $123 million in volume. Key support is near $5.85. If it can clear the $6.40 resistance, IP could be looking at fresh highs.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
