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Best Crypto Wallet Tokens to Buy in 2024
With the cryptocurrency industry stuck above the $2 trillion market cap, major altcoins are under pressure to perform well. However, HODLers taking cryptocurrencies off exchanges reflects increased wallet activity and drives up token prices.
By creating a sector-focused bull run, the recovery in the broader market and DeFi segment can lead to a jump in such altcoins. Under such conditions, TWT and SFP tokens offer huge upside potential in the coming months.
Let’s examine the price chart and technical analysis of Crypto Wallet tokens to know more.
Trust Wallet token offers reverse entry capabilities
With an overall downtrend, TWT price action reveals a trend reversal opportunity as it tests the crucial psychological support of $1. With a potential double bottom reversal, the crypto wallet token is poised for a rebound.
The bullish crossover in the MACD and signal lines strengthens the trend reversal in TWT prices. A bullish surge from the psychological $1 level can result in a new high formation below the resistance trendline at $1.24.
However, a broader market recovery with a boost for crypto wallet tokens can trigger a bumper rally. In that case, the uptrend can reach the $1.66 mark and potentially form a new 52W high at $2.
SafePal targets a breakout of $0.85
With a bullish reversal underway, the SFP price trend shows a notable and steady surge. After the price drop in early 2022, the crypto wallet token is gradually rising.
With the altcoin rising above the 50W EMA, SFP price faces opposition from the crucial supply zone at $0.85. As far as Fibonacci levels are concerned, a consolidation is visible between $0.85 and the 23.60% level of $0.688.
The uptrend can lead to a breakout, with the MACD indicator poised for a bullish crossover and continued support from the 50W EMA. With Fibonacci levels above as potential targets, the crypto wallet token can reach the $1.66 mark on the breakout run.
Also check: Popcat SOL, the only performing Solana Memecoin at the moment