Altcoins
Top Altcoins are poised for a 2x surge amid an ongoing bull market!
The cryptocurrency market has seen significant price volatility since the start of the week, highlighting an increase in prices in the crypto space. Furthermore, the decision awaiting approval of the spot Ethereum The SEC ETF has sparked a new bull rally type situation in the market.
Additionally, ETH-based tokens saw the highest gains during this period. This indicates growing investor interest in these tokens to maximize their profits during the upcoming altcoin season.
With the imminent approval of the ETH spot ETF, the crypto space is poised to experience an AltSeason in the times to come.
Are you considering investing in these altcoins? But you don’t know what his future prospects are? Dive in because, in this article, we have covered the detailed analysis and possible price targets ahead of the next rally.
JasmyCoin (JASMY):
THE JASMY Prize continues to show positive price action by adding 5.12% with a trading volume of $113.50 million, a jump of 61.18% in the last 24 hours. Additionally, the altcoin has added 8.29% over the past seven days and has a cumulative return of 229.36%.
TradingView: JASMY/USDT
Positively, the altcoin has formed a triangle pattern during the 1D timeframe and is about to test its resistance trendline. Additionally, the simple moving average (SMA) supports the price chart, highlighting strong bullish sentiment in the crypto space.
If JasmyCoin breaks out of the triangle pattern, the price will experience a bullish surge that could lead JASMY price to test its upper resistance level of $0.0275.
However, a bearish reversal could pull JasmyCoin price towards its $0.0193 support level this month.
Kaspa (KAS):
After showing a neutral trend for a while, the Kaspa Price managed to regain its momentum and surged by around 16% in the last seven days, indicating an increase in buying-on-selling pressure of the altcoin in the crypto market.
TradingView: KAS/USDT
With a rise of 6.69% in the last 24 hours and a market capitalization of $3.360 billion, Kaspa token secured the 33rd position on the global cryptocurrencies list with a trading price of $0.140.
The technical indicator, RSI, has successfully tested its midpoint and is heading towards the overbought range, highlighting increased buying sentiment in the crypto market.
If the market holds the price above the $0.140 support level, the bulls will continue to gain momentum and test its upper resistance level of $0.162 this month. Conversely, bearish price action could cause the price to fall towards its low of $0.1168.
Gala (GALA):
Despite a correction of around 1.25% over the last 24 hours, the Gala Awards successfully recorded a breakout pattern from its symmetrical triangle pattern during the 1D timeframe, highlighting a strong possibility of bullish price action in the times to come.
TradingView: GALA/USDT
The 50-day Cross EMA is poised for a bullish convergence, suggesting growing bullish sentiment for the market. Gala Awards. Additionally, the MACD shows a steady increase on the histogram, with its averages recording a positive uptrend.
If the market regains momentum, GALA coin price will break out from its important resistance level and prepare to test its upper resistance level of $0.05850. Negatively, if the bulls fail to regain momentum, this altcoin will fall towards its crucial support level of $0.03750.
Conclusion:
With the growing bullish sentiment in the cryptocurrency market, volatility is constantly increasing. Moreover, with a strong possibility of an Altcoin rally in the coming times, Ethereum-based tokens are expected to outperform the crypto market. This makes it a good opportunity for new traders and investors to stack altcoins.
Note: This article is not subject to any financial advice and the selected tokens are in no way promotional. Be sure to do detailed research before investing in any digital asset as the market is very volatile.
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