These Altcoins To Dominate The Upcoming Crypto Bull Run?
The post These Altcoins To Dominate The Upcoming Crypto Bull Run? appeared first on Coinpedia Fintech News
The cryptocurrency market continues to stumble as Bitcoin price continues hovering close to its $64,000 mark. Moreover, top altcoins have displayed a similar price trend by losing significant value to their respective portfolios.
However, mid-cap altcoins have recorded increased bullish price sentiment, highlighting an increase in the buying-over-selling pressure for these crypto tokens in the market.
Dive in as, in this article, we have covered the top two altcoins that have a high potential of recording a massive price surge in their respective portfolio during the upcoming months.
Aave (AAVE) Price Analysis:
Despite increased selling pressure within the crypto market, the AAVE price has jumped approximately 10% within the past day with a trading volume of $350.47 Million. Further, it has jumped 16.93% within the past week and 30.61% over the last 30 days.
Moreover, the altcoin has formed an ascending channel pattern in the 1D time frame and is on the verge of testing its resistance trendline.
The RSI indicator is on the verge of surpassing its overbought range with a bullish curve in the price chart. Further, the Cross EMA 50/200-day shows a Golden Cross in the 1D time frame, suggesting a positive outlook for the Aave crypto in the coming time.
If the market continues trading under a bullish sentiment, the AAVE price will prepare to test its upper resistance level of $131 this month. Conversely, a bearish reversal could result in it plunging toward its low of $93.75 during the upcoming weeks.
Mantra (OM) Price Analysis:
The OM price has recorded a similar trend by adding approximately 5% to its portfolio within the past day. Moreover, despite recording a correction of approximately 1%, it has surged 37.40% within the past day and has a Year-to-Date (YTD) return of 1,940.27%.
The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, indicating increased price action for the OM price in the crypto space. Moreover, the EMA 50-day constantly supports the price chart, suggesting the Mantra price will continue gaining value this week.
Under a bullish market condition, the OM coin price may head toward its upper resistance level of $1.60 this month. However, if the bulls fail to hold value above its support trendline, the Mantra crypto will retest its low of $1.050.
