Altcoins
Top Mid-Cap Altcoins Set to Double as Crypto Market Recovers!
With the price of Bitcoin By regaining the $59,000 mark, the cryptocurrency market has seen a significant increase in its global valuation. Moreover, major tokens have successfully retested their crucial support levels, leading to a strong bullish rally.
On the other hand, memecoins, mid-cap and small-cap altcoins saw the highest gains, highlighting the growing interest of investors towards these crypto tokens to maximize their short-term gains.
Dive into this article, we have covered the market sentiment, price analysis and possible price targets of Sui (SUI), Fantom (FTM) and Jupiter (JUP) for the coming weeks.
Follow (SUI):
THE SUI Price successfully retested its crucial support trendline in the 1D timeframe. This allowed it to register a jump of around 11% over the past day. Moreover, the altcoin is also on the verge of breaking out of its descending channel pattern, suggesting increased positive influence.
TradingView: SUI/USDT
The Relative Strength Index (RSI) has registered a strong uptrend towards its midpoint from the oversold zone, indicating an increase in buying pressure. Additionally, the average is showing a bullish convergence, highlighting that the SUI coin price will continue to gain value this week.
If the bulls continue to gain momentum, the Sui cryptocurrency will break its resistance level of $0.8925 and head towards its high of $1.1760. Conversely, if the bears regain momentum, the Sui token will plunge towards its low of $0.6125 this month.
Ghost (FTM):
In a context of increased price volatility in the cross-border financial system, FTM Price recorded a jump of around 10% in the last 24 hours with a trading volume of $158.158 million, a variation of +24.23%.
TradingView: FTM/USDT
The technical indicator, MACD, has been showing a steady decline in the red histogram, highlighting an increase in price action in the crypto space. Additionally, the averages have registered a bullish convergence, suggesting a positive outlook for the Fantom Prize.
However, the 50/200-day EMA Cross has displayed a Death Cross in the 1D time frame, suggesting mixed sentiment for the FTM coin price in the cryptocurrency market.
Let’s assume that the bulls continue to gain momentum, in which case, the Fantom crypto will prepare to test its upper resistance level of $0.680. However, if the market experiences a bearish reversal, the FTM token will plunge towards its important support level of $0.390.
Jupiter (JUP):
After recording a correction of around 4% in the last seven days and 18.90% in the last 30 days, Jupiter price added 3.28% to its portfolio in the last day with a trading volume of $109.81 million. This highlights an increase in bullish sentiment within the crypto space.
TradingView: JUP/USDT
The RSI indicator is approaching its midpoint in the 1D time frame, highlighting an increase in bullish sentiment. Additionally, the exponential moving average is showing a positive crossover, highlighting that JUP price will continue to gain momentum this week.
If the market pushes Jupiter price above its resistance level of $0.8445, the bulls will gear up to test its higher high of $1.160 in the coming time. Negatively, if the bears outperform the bulls, this altcoin would plunge towards its low of $0.540.
Read also : Crypto Market Preview: Bitcoin Surges Past $59,000, Ethereum Past $3,100, as Pepe Falls