Altcoin
Top Altcoins to Watch Next Week!
Volatility in the cryptocurrency market is constantly increasing, highlighting increased price action. However, major tokens failed to gain momentum, thus recording significant corrections in their respective portfolios.
With the current market situation, investors have expressed growing concerns about the impending bull rally and questions such as “Will the cryptocurrency market rise again?” and “Will cryptocurrencies recover in 2024?” have seen an increase in traffic. Are you planning to invest in altcoins for the next Bull Run?
Scroll down as, in this article, we have covered the market sentiments, price analysis, and short-term price targets of the 4 major altcoins that have the potential to witness massive price action over the next week .
Beldex (BDX):
Despite recording a correction of 10.37% in the last 24 hours, the BDX Price recorded a jump of 14.95% in the last seven days. Furthermore, the altcoin has gained 11.83% over the past 30 days, indicating long-term bullish sentiment for the altcoin in the coming times.
TradingView: BDX/USDT
With a trading price of $0.03842, a circulating supply of 6,447,708,970 BDX and a total supply of 9,925,088,970 BDX, the Beldex cryptocurrency has successfully secured the 254th place in the list of the global cryptocurrency market with a capitalization of 248.033 million dollars.
The technical indicator, RSI, is heading towards its midpoint after recording a sharp decline above the overbought range. Furthermore, the average trendline shows a high possibility of bearish convergence, suggesting uncertainty in future price action.
If the bulls regain momentum, Beldex price will prepare to test its $0.050 upper resistance level in the coming time. However, if bears continue to dominate the market, the BDX coin price will plummet towards the lower support level of $0.032.
Bakery Token (BAKE):
After trading in a closed range between $0.2225 and $0.3630 for a short period, the BAKE coin price regained momentum and broke above its resistance level, highlighting an increase in buying pressure for BakeryToken in the cryptocurrency market.
TradingView: BAKE/USDT
The Cross 50/200 day EMA shows a bullish increase on the 1D time frame, suggesting an increase in buying/selling pressure for the altcoin.
The moving average convergence divergence (MACD) shows a steady increase in the green histogram, indicating an increase in bullish sentiment in the market. Furthermore, the averages show a positive trend, suggesting that the price will continue to gain value in the coming times.
If the bulls continue to gain momentum, the BAKE price will head towards the upper resistance level of $0.6115 in the coming time. Conversely, in case of a bearish reversal, BakeryToken will fall to the lower support level of $0.2225 this month.
Dimitra (DMTR):
Despite increased price volatility in the cryptocurrency market, the Dimitra token continues to trade in a closed range between $0.0940 and $0.1377. Furthermore, the altcoin saw a correction of 3.83% in the last day, but gained 20.89% in the last week and has a YTD of 217.59%.
TradingView: DMTR/USDT
The technical indicators, SMA and MACD show bullish price action on the 1D time frame, suggesting increased buying pressure for the DMTR token in the cryptocurrency market.
If the market pushes Dimitra price above the resistance level, the bulls will regain momentum and prepare to test its upper resistance level of $0.180. Conversely, if the bears gain power, the DMTR cryptocurrency would test its crucial support level of $0.0940.
Maneki (MANEKI):
Built on the Solana Range, the name Maneki comes from a beckoning Japanese cat. He is known as the legendary leader with the wisdom of the ages and the power to bring good fortune to those who rally under his banner. The project is supported by its native token “MANEKI”.
Maneki price recorded a correction of 5.11% in the last day, but gained 6.36% in the last week. Furthermore, the altcoin is up 48.71% over the past 30 days, highlighting long-term bullish sentiment for the crypto token in the market.
With a trading price of $0.011, a circulating supply of 8,422,887,212 MANEKI tokens, and a total supply of 8,888,887,212 MANEKI tokens, the altcoin successfully secured the 456th position with a market capitalization of $92.545 million .