Altcoins
Are These Ethereum-Based Altcoins Poised For A 2x Increase?
The cryptocurrency market has added over $240 billion to its global valuation in the last seven days, underlining the increased bullish sentiment in the crypto space. Moreover, with the growing speculations about the listing of EthereumETF, the price of ETH has reclaimed the $3.4K mark.
With this high, Ethereum-based altcoins have gained significant momentum and added massive value to their respective portfolios in a short span of time. Are you considering investing in ETH-based tokens?
Dive into this article as we uncover the current market sentiments, price action, and possible short-term price targets of the Mantra (OM) and JasmyCoin (JASMY) crypto tokens.
Mantra (OM) Price Hits New All-Time High:
OM price successfully registered a new all-time high (ATH) of $1.33 during the annual Asian trading hours. On the positive side, the altcoin surged by 16.52% in the past day and 40.57% in the past week. Moreover, with a 69.38% increase in 30 days, it recorded a YTD return of +2,148.98%.
TradingView: OM/USDT
The Moving Average Convergence Divergence (MACD) has been showing a steady rise in the green histogram, with its averages registering a massive rise on its price chart since the beginning of the month. This indicates a bullish outlook for Mantra price in the cryptocurrency market.
If the cryptocurrency market continues to trade in a bullish mood, the Mantra price will rise and reach a new high soon. However, if investors start booking profits, the OM price will plunge towards its lower support level of $1,050.
Jasmy coin price is about to experience a major breakthrough:
With the growing bullish sentiment in the cryptocurrency market, the price of JASMY surged by 11.15% in the last day with a trading volume of $223.341 million. Despite a correction of 17.80%, the Jasmy coin secured the 59th position with a market cap of $1.457 billion.
TradingView: JASMY/USDT
The SMA indicator acts as a support for the price chart in the 1D time frame. However, the RSI has registered a sharp pullback towards the midpoint. This highlights a mixed sentiment in the crypto space.
If the market pushes JasmyCoin price above its resistance level of $0.03150, the bulls will continue trading under positive influence and prepare to test its upper resistance level of $0.03850. Conversely, if the bears dominate the market, it will retest its low of $0.02450.