Altcoins
Best Altcoins to Watch Next Week!
Volatility in the cryptocurrency market is constantly increasing, highlighting an increase in price action. However, major tokens failed to gain momentum, leading them to record significant corrections in their respective portfolios.
With the current market situation, investors have expressed growing concerns about the next bull rally and questions such as “Will the cryptocurrency market rise again?” and “Will crypto recover in 2024?” recorded an increase in traffic. Are you considering investing in altcoins for the next Bull Run?
Scroll down as, in this article, we have covered the market sentiments, price analysis and short-term price targets of the top 4 altcoins that have the potential to see massive price action in the during the coming week.
Beldex (BDX):
Despite a correction of 10.37% over the last 24 hours, the BDX Price recorded a jump of 14.95% in the last seven days. Additionally, the altcoin has risen by 11.83% over the past 30 days, indicating long-term bullish sentiment for the altcoin in the coming times.
TradingView: BDX/USDT
With a trading price of $0.03842, a circulating supply of 6,447,708,970 BDX and a total supply of 9,925,088,970 BDX, Beldex crypto managed to secure the 254th place on the global market list crypto with a capitalization of $248.033 million.
The technical indicator, RSI, is heading towards its midpoint after recording a sharp decline above the overbought range. Additionally, the average trendline displays a strong possibility of bearish convergence, which suggests uncertainty about future price action.
If the bulls regain momentum, Beldex price will prepare to test its upper resistance level of $0.050 in the coming time. However, if the bears continue to dominate the market, BDX coin price will plunge towards its lower support level of $0.032.
Bakery Token (BAKE):
After trading in a closed range between $0.2225 and $0.3630 for a brief period, BAKE coin price regained momentum and broke above its resistance level, highlighting an increase in pressure. purchase for BakeryToken in the crypto market.
TradingView: BAKE/USDT
The 50/200-day Cross EMA shows a bullish rise on the 1D timeframe, suggesting an increase in buy-on-sell pressure for the altcoin.
The Moving Average Convergence Divergence (MACD) shows a steady increase in the green histogram, indicating an increase in bullish sentiment in the market. Additionally, the averages show a positive trend, which suggests that the price will continue to increase in value in the coming times.
If the bulls continue to gain momentum, BAKE price will head towards its upper resistance level of $0.6115 in the coming time. Conversely, in the event of a bearish reversal, BakeryToken will plunge this month to its lower support level of $0.2225.
Dimitra (DMTR):
Despite increased price volatility in the crypto market, the Dimitra token continues to trade within a closed range between $0.0940 and $0.1377. Additionally, the altcoin recorded a correction of 3.83% over the past day, but added 20.89% over the past week and has a cumulative gain of 217.59%.
TradingView: DMTR/USDT
The SMA and MACD technical indicators are showing bullish price action on the 1D timeframe, suggesting an increase in buying pressure for the DMTR token in the cryptocurrency market.
If the market pushes Dimitra price above the resistance level, the bulls will regain momentum and prepare to test its upper resistance level of $0.180. Negatively, if the bears gain strength, the DMTR crypto will test its crucial support level of $0.0940.
Maneki (MANEKI):
Built on the Solana Range, the name Maneki comes from a beckoning Japanese cat. He is known as the legendary leader blessed with the wisdom of the ages and the power to bring fortune to those who rally under his banner. The project is supported by its native token “MANEKI”.
Maneki price recorded a correction of 5.11% over the past day but added 6.36% over the past week. Additionally, the altcoin has surged 48.71% over the past 30 days, highlighting long-term bullish sentiment for the crypto token in the market.
With a trading price of $0.011, a circulating supply of 8,422,887,212 MANEKI tokens and a total supply of 8,888,887,212 MANEKI tokens, the altcoin managed to secure the 456th position with a market capitalization of 92.545 million dollars.