Cryptocurrencies that will explode soon

Cryptocurrencies that will explode soon

2022-06-22 • Updated

Every investor knows that the best time to buy is now. Moreover, every trader knows that it’s much more profitable to buy at the dip and get the best possible reward because of the vast movement. FBS analysts want to get the best of both worlds, so they analyzed hundreds of charts and picked the three most promising cryptos for you to look at.  

Polkadot (DOT) has a 55% upside potential

The first coin on the list is Polkadot. It’s a Web 3.0 blockchain (a data-driven Internet that operates with machine learning). It’s working long enough to get an enormously big fan base. It’s among the top-15 coins by trending search on Binance exchange and has almost 3000 contributors on GitHub.

The last number means there are 3000 developers worldwide working on improving DOT’s blockchain. Polkadot often promotes itself with various contests and events. It even has a venture fund called “Polkastarter.” It helps new projects raise money for the faster development of new technologies. Industry-leading creators take part in the fund and expand DOT’s network. Kindly notice that you can get fresh news on cryptocurrencies, stocks, forex, and many more on the FBS website; it is easy to use and completely free.

Speaking about the DOT chart, the price is forming an inversed head and shoulders pattern on a daily timeframe. If to buy DOT near the support trendline at $16.00, you may catch an 80% bullish movement. Entering the trade slightly above $17.00 and waiting for an upside breakout may give you more than 55% of profit.

DOT daily chart

Support: 15.80, 10.50

Resistance: 24.00, 28.00, 33.00


Dogecoin (DOGE) can double your money

Dogecoin started as a joke but is now one of the biggest cryptocurrencies. It’s not just a meme coin, and it’s way bigger than you might think. What is more, Elon Musk is in love with DOGE. He even bought himself a Shiba-Inu dog. Musk suggests people who subscribe to Twitter Blue (a premium version of Twitter) should be able to pay with dogecoin.

Even if the coin is treated as a joke, it may move vastly. There’s a massive falling wedge on a daily chart. The support at 0.1100 may work once again. Thus, DOGE is likely to explode and jump to 0.2100, almost 100% movement. Watch closely after the reaction to 0.1100 and 0.0850 levels, as they are perfect for mid-term long trades. Also, it’s convenient to use the FBS Trader application, where you can trade DOGE and hundreds of other cryptos from anywhere, anytime, with favorable conditions.

DOGE daily chart

Resistance: 0.1800, 0.2100

Support: 0.1100, 0.0850


Solana (SOL) may start a bull run

As the NFT market hype dropped, many coins became bland due to their faceless ecosystem. Around 95% of cryptocurrencies are worthless not because they have bad people in charge but because their technologies are not good enough to withstand the market. Solana is different. It’s the fastest chain and offers the lowest gas fee compared to other NFT platforms. More and more projects use SOL as their main blockchain. Metaverses, crypto games, and NFT collections benefit from fast and cheap transactions in the Solana network. It may be the very best moment to buy Solana for mid and long-term gains.

Chart confirms our point. The coin broke through a bullish wedge and gained 83% in three weeks. Now it’s wise to split your order into two pieces. You may open part of your trade right now, and the second part is for the $90.00-95.00 touch. Then, we need to wait for a retest of the $144.00 resistance level, which is a 58% bullish movement. If no signs of reversal occur, Solana may fly to its historical highs at $260.00 per coin. Finally, if you are a novice and want to get involved in trading with no risks, try trading on a demo crypto account. Here you will get all the market movements and no risks.  

Solana daily chart

Resistance: 120.00, 144.00, 160.00

Support: 90.00, 78.00



How Deep Can the 'DIP' Get?
How Deep Can the 'DIP' Get?

Over the last few weeks, a lot has happened in the crypto space and all does not seem to be well anymore for many. Usually, the word 'dip' refers to a slight retracement in price before the continuation of a trend, however, what we've seen so far on several crypto charts suggest otherwise. In this article, we examine the grounds for the resurrection of three of the mainstream cryptocurrencies

Is it safe to buy Bitcoin now?
Is it safe to buy Bitcoin now?

Bitcoin could be a potential haven for Russian oligarchs seeking to avoid sanctions, as there will be no censorship on the Bitcoin network and cryptocurrency transactions. Russians may have trouble converting their money back to fiat, yet the cryptos could act as a robust store of value for a significant part of holdings that do not need to be liquid.

Bitcoin Skyrockets Ahead of ETH Merge and US CPI Release
Bitcoin Skyrockets Ahead of ETH Merge and US CPI Release

First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.

Latest news

TRADE IDEA: What's Next for Yen Crosses?
TRADE IDEA: What's Next for Yen Crosses?

The views here are solely based on Technical Analysis techniques using my personal Smart Money approach. Hence, it is important to understand that the trading of CFDs comes at a risk; if not properly managed, you may lose all of your trading capital. To avoid costly mistakes while you look to trade these opportunities, be sure to do your own due diligence and manage your risk appropriately.


Even though we've only witnessed sluggish movements from the Dollar over the past few weeks, the general idea and bias still seem intact and untampered. The bullish impulse however can be seen as "searching for support".

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera