Altcoins
This $120 Million Altcoin Jumps 300% In Just Days! Is A 10x Surge About To Happen?
The cryptocurrency market has seen weak price action as it has registered a neutral price trend over the past two days. Despite the launch of the Ethereum ETF, the ETH Price fell more than 1.5% over the past day, indicating mixed sentiment.
However, mid- and small-cap altcoins have garnered considerable attention from the crypto space over the past few days, highlighting increased bullish sentiment for these tokens for the next bull market.
Are you considering investing in this small-cap altcoin for the upcoming cryptocurrency bull run? Dive into this article as we have covered market sentiments, price analysis, and possible outlook for the Ultima crypto token.
ULTIMA price shows increased bullish action:
Ultima cryptocurrency has successfully retested its crucial support level of $2,048. This has allowed it to add 14.19% to its portfolio over the past day and 87.76% over the past week. Furthermore, it has surged by over 173% over the past 30 days and has a YTD return of 69.47%.
TradingView: ULTIMA/USDT
With a trading price of $8,275.6, a circulating supply of 15,339, and a maximum supply of 100,000 ULTIMA tokens, ULTIMA crypto secured the 315th position with a market cap of $128.57 million.
The Moving Average Convergence Divergence (MACD) chart has been steadily rising in the green histogram, with its averages registering a strong upward trend. This highlights an increased bullish sentiment in the crypto space.
The technical indicator, the RSI, continues to hover above its overbought zone. Moreover, its average trendline is about to cross above the overbought zone, suggesting a positive outlook for the altcoin this week.
How high will the price of ULTIMA go?
If the market continues to trade under the influence of the bulls, ULTIMA price will test its resistance level of $9,310. Holding the price at this level will allow this altcoin to prepare to test its higher resistance level of $10,800 in the coming weeks.
Conversely, if a trend reversal occurs, the ULTIMA coin price will lose momentum and plunge towards its support level at $7,7432.5. Moreover, if the bears continue to dominate the market, it will prepare to test its lower support level at $6,240.