Are These Ethereum-based Altcoins Ready For A 2X Run?
The post Are These Ethereum-based Altcoins Ready For A 2X Run? appeared first on Coinpedia Fintech News
The cryptocurrency market has added over $240 Billion to its global valuation over the past seven days, highlighting increased bullish sentiment in the crypto space. Moreover, with the rising speculations of the listing of EthereumETF, the ETH price has reclaimed the $3.4K mark.
With this top Ethereum-based altcoins have gained significant momentum and have added massive value to their respective portfolios within a short period. Planning on investing in ETH-based tokens?
Dive in as, in this article, we uncover the current market sentiments, price action, and possible short-term price targets of Mantra (OM) and JasmyCoin (JASMY) crypto tokens.
Mantra (OM) Price Records A New All-time High:
The OM price has successfully recorded a new all-time high (ATH) of $1.33 during the yearly Asian trading hours. Positively, the altcoin has surged 16.52% within the past day and 40.57% over the past week. Further, with a surge of 69.38% within 30 days, it has recorded a YTD return of +2,148.98%.
The Moving Average Convergence Divergence (MACD) has displayed a constant rise in the green histogram with its averages recording a massive rise in its price chart since the month started. This indicates a bullish outlook for the Mantra price in the crypto market.
If the crypto market continues trading under a bullish sentiment, the Mantra price will rise and record a new high soon. However, if investors start booking profits, the OM price will plunge toward its lower support level of $1.050.
Jasmy Coin Price On The Verge Of A Major Breakout:
With the rising bullish sentiment in the cryptocurrency market, the JASMY price has jumped 11.15% within the past day with a trading volume of $223.341 Million. Despite recording a correction of 17.80%, Jasmy coin has secured the 59th position with a market cap of $1.457 Billion.
The SMA indicator acts as a support to the price chart in the 1D time frame. However, the RSI has recorded a sharp pullback toward the halfway point. This highlights a mixed sentiment in the crypto space.
If the market pushes the JasmyCoin price above its resistance level of $0.03150, the bulls will continue trading under a positive influence and prepare to test its upper resistance level of $0.03850. Conversely, if the bears dominate the market, it will retest its low of $0.02450.
