Altcoins
Top Altcoins To Stack This Week As Market Turns Bearish!
The cryptocurrency market saw a 3.72% drop in its valuation over the past day, from $2.42 trillion to $2.30 trillion, a drop of around $120 billion. Additionally, major tokens such as Bitcoin and Ethereum fell by 3.85% and 8.86% during this period.
Are you thinking about investing in mid-cap altcoins to maximize your profits during the upcoming cryptocurrency bull run? Look no further because in this article, we have covered the top 3 altcoins that have the potential to see a massive surge in the coming years.
Flow:
Despite the increased price volatility in the cryptocurrency market, Flow price has seen an increase of around 1% over the past day and 3.12% over the past week. Additionally, it has formed an ascending channel pattern and has continued to trade within it since the beginning of the month.
TradingView: FLUX/USDT
The RSI technical indicator is showing a sharp decline towards the midpoint on the 1D time frame. However, it is about to test its average trendline, which highlights a strong possibility of a rebound in the coming times.
If the market continues to move in a bullish mood, Flow price will prepare to test its resistance level of $0.710. Conversely, if the bears dominate the bulls, Flow cryptocurrency will break its channel pattern and plunge towards its low of $0.475.
Jupiter (JUP):
Amid increased price volatility, Jupiter price recorded a correction of 4.42% over the past day with a trading volume of $158.26 million. However, JUP price surged by 21.09% over the past 30 days, indicating a long-term bullish influence.
TradingView: JUP/USDT
The Moving Average Convergence Divergence (MACD) has registered a steady decline in the green histogram, highlighting an increased bearish influence in the crypto space. Moreover, the averages display a strong possibility of bearish convergence in the 1D time frame.
If the bulls regain momentum, JUP price will gear up to test its upper resistance level of $1.4950 in the coming time. However, if the bears gain the upper hand over the bulls, the altcoin will plunge towards its crucial support level of $0.540.
Pyth (PYTH):
In the last 24 hours, Pyth price has seen a 3.32% decrease in its valuation with a trading volume of $100.32 million, a change of +78.51%. However, it has surged by 4.78% in the last 30 days and has a YTD return of 6.012%.
TradingView: PYTH/USDT
The RSI indicator has successfully retested its midpoint, indicating an increase in positive sentiment in the cryptocurrency market. Moreover, the Simple Moving Average (SMA) is about to register a bullish convergence, suggesting a positive outlook in the times ahead.
If the market regains momentum, PYTH price will head towards its upper resistance level of $0.5430. Conversely, if the bears regain momentum, Pyth coin price will plunge towards its crucial support level of $0.250.