Altcoins
The Best Altcoins to Stack for the Next Crypto Bull Run!
Amid increased buying and selling pressure in the cryptocurrency market, major tokens have shown mixed sentiment in their respective portfolios over the past few days. Additionally, the price of Bitcoin continues to hover near $66,000, indicating uncertainty about future price developments.
However, mid-cap altcoins have gained momentum during this period by adding massive valuations, highlighting a shift in investor interest in them. Are you considering investing in mid-cap tokens this AltSeason?
Dive into this article as we have covered the top 3 altcoins that have the potential to see massive upside in their respective portfolios during the upcoming cryptocurrency bull rally.
Stellar (XLM) Price Analysis:
With increased price volatility in the cryptocurrency market, the Stellar Price XLM price is up 5.02% in the past day with a trading volume of $118.64 million. Additionally, XLM price is up 1.97% in the past seven days and 14.67% in the past 30 days, indicating a growing bullish sentiment.
TradingView: XLM/USDT
The Moving Average Convergence Divergence (MACD) is showing a steady decline in the red histogram with its averages displaying a strong possibility of a bullish convergence in the 1D time frame. This highlights an increased bullish sentiment for the XLM Price in the crypto space.
A bullish breakout could lead this altcoin to break its important resistance level at $0.1150 and head towards its higher resistance level at $0.1305. Conversely, a trend reversal could push Stellar price towards its lows.
EOS Price Evolution (EOS):
THE EOS Price has displayed increased bullish sentiment in the past few weeks, highlighting an increase in altcoin price action in the crypto space. Moreover, with a trading price of $0.5915 and a market cap of $888.75 million, it has secured the 74th position in the global cryptocurrency list.
TradingView: EOS/USDT
The technical indicator, the RSI, has successfully crossed above its midpoint after hovering near it for a brief period. Moreover, the average is registering a bullish convergence. However, the 50-day EMA is acting as a resistance, suggesting mixed sentiment in the crypto space.
If the market starts to move under a bullish influence, the EOS Price will head towards its upper resistance level of $0.8225. However, bearish action could lead the altcoin to test its crucial support level of $0.480.
Kaspa (KAS) Price Analysis:
After recording a massive run in 2023, the Kaspa Price continued to see an increase by adding 7.22% in the last day and about 15% in the last week. Moreover, it has jumped by 82.40% this year, suggesting a positive outlook for the times to come.
TradingView: KAS/USDT
The MACD indicator is showing a steady rise in the green histogram, highlighting increased buying and selling pressure in the crypto space. Additionally, the averages are recording positive action, suggesting that KAS price will continue to gain value this week.
If the market sustains Kaspa price above its $0.19850 support level, the bulls will continue to gain value and prepare to test its higher level of $0.2250 in the coming weeks. Negatively, a trend reversal could lead the altcoin to fall towards its low of $0.1750.