Top Altcoins To Stack For The Upcoming Crypto Bull Run!
The post Top Altcoins To Stack For The Upcoming Crypto Bull Run! appeared first on Coinpedia Fintech News
Amid increased buying and selling pressure in the cryptocurrency market, top tokens have displayed a mixed sentiment in their respective portfolios over the past few days. Further, the price of BTC continues hovering close to its $66K, indicating uncertainty in future price action.
However, mid-cap altcoins have gained momentum during this period by adding massive valuations, highlighting a switch in investor’s interest in it. planning on investing in mid-cap tokens for this AltSeason?
Dive in as, in this article, we have covered the top 3 altcoins that have the potential to record a massive upside in their respective portfolios during the upcoming cryptocurrency bull rally.
Stellar (XLM) Price Analysis:
With the increased price volatility in the crypto market, the Stellar price has jumped 5.02% within the past day with a trading volume of $118.64 Million. Moreover, the XLM price has added 1.97% within the past seven days and 14.67% over the last 30 days, indicating increasing bullish sentiment.
The Moving Average Convergence Divergence (MACD) shows a constant decline in the red histogram with its averages displaying a high possibility of a bullish convergence in the 1D time frame. This highlights increased bullish sentiment for the XLM price in the crypto space.
A bullish breakout could result in this altcoin breaching its important resistance level of $0.1150 and heading toward its upper resistance level of $0.1305. Conversely, a trend reversal could pull the Stellar price toward its lows.
EOS (EOS) Price Action:
The EOS price has displayed increased bullish sentiment over the past few weeks, highlighting an increase in the price action for the altcoin in the crypto space. Further, with a trading price of $0.5915 and a market cap of $888.75 Million, it has secured the 74th position in the global crypto list.
The technical indicator, RSI, has successfully surpassed its mid-point after hovering close to it for a brief period. Further, the average records a bullish convergence. However, the EMA 50-day acts as a resistance, suggesting a mixed sentiment in the crypto space.
If the market starts trading under a bullish influence, the EOS price will head toward its upper resistance level of $0.8225. However, a bearish action could result in the altcoin testing its crucial support level of $0.480.
Kaspa (KAS) Price Analysis:
After recording a massive run in 2023, the Kaspa price has continued experiencing bullish action by adding 7.22% within the past day and approximately 15% over the past week. Moreover, it has surged 82.40% this year, suggesting a positive outlook in the coming time.
The MACD indicator displays a constant rise in the green histogram, highlighting increased buying-over-selling pressure in the crypto space. Further, the averages record a positive action, suggesting that the KAS price will continue gaining value this week.
If the market holds the Kaspa price above its support level of $0.19850, the bulls will continue gaining value and prepare to test its upper level of $0.2250 during the upcoming weeks. Negatively, a trend reversal could result in the altcoin plunging toward its low of $0.1750.
