Altcoin
Top Altcoins Are Poised to See a 2X Jump in an Ongoing Bull Market!
The cryptocurrency market has seen significant price volatility since the start of the week, highlighting increased price action within the crypto space. Furthermore, the decision to approve the commercial is awaited Ethereum The SEC ETF has triggered a new bullish rally-like situation in the market.
Furthermore, ETH-based tokens recorded 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 pending approval of the ETH spot ETF, the crypto space is on the verge of experiencing an AltSeason in the coming times.
Are you thinking of investing in these altcoins? But are you confused about its future prospects? 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 price continues to show positive price action adding 5.12% with trading volume of $113.50 million, a jump of 61.18% in the last 24 hours. Furthermore, the altcoin has gained 8.29% over the past seven days and has a year-to-date return of 229.36%.
TradingView: JASMY/USDT
Positively, the altcoin has formed a triangular pattern in the 1D time frame and is on the verge of testing its resistance trendline. Furthermore, the simple moving average (SMA) supports the price chart, highlighting strong bullish sentiment in the cryptocurrency sector.
If JasmyCoin breaks out of the triangle pattern, the price will experience a bullish surge which could lead to JASMY price testing its upper resistance level of $0.0275.
However, a bearish reversal could push JasmyCoin price towards the $0.0193 support level this month.
Kaspa (KAS):
After showing a neutral trend for a while, the Kaspa price has successfully regained momentum and increased by around 16% over the past seven days, indicating an increase in excessive buying pressure for the altcoin in the cryptocurrency market.
With an increase of 6.69% in the last 24 hours and a market capitalization of $3.360 billion, the Kaspa token has secured the 33rd position in the global cryptocurrency list with a trading price of $0.140.
The technical indicator, RSI, has successfully tested its midpoint and is heading towards the overbought zone, highlighting an increase in buying sentiment in the cryptocurrency 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 result in the price falling towards the $0.1168 low.
Gala (GALA):
Despite seeing a correction of around 1.25% in the last 24 hours, the Gala price has successfully recorded a breakout pattern of its symmetrical triangle pattern in the 1D time frame, highlighting a high possibility of bullish price action in the near future.
The Cross 50-day EMA is on the verge of experiencing bullish convergence, suggesting growing bullish sentiment for the Gala price. Furthermore, the MACD shows a steady increase in the histogram and its averages record a positive uptrend.
If the market regains momentum, the GALA coin price will break above its important resistance level and prepare to test its upper resistance level of $0.05850. Negatively, if the bulls fail to regain momentum, the altcoin will plummet towards the crucial support level of $0.03750.
Conclusion:
With the growing bullish sentiment in the cryptocurrency market, volatility is constantly increasing. Furthermore, with a high possibility of an Altcoin rally in the near future, Ethereum-based tokens are expected to outperform the cryptocurrency market. Thus making this a good opportunity for new traders and investors to stack altcoins.
Note: This article is not subject to financial advice and the selected tokens are not promotional in any way. Make sure you do detailed research before investing in any digital asset as the market is highly volatile.