Top Altcoins Poised To Record 2X Jump Amid Ongoing Bull Market!
The post Top Altcoins Poised To Record 2X Jump Amid Ongoing Bull Market! appeared first on Coinpedia Fintech News
The cryptocurrency market has experienced significant price volatility since the week started, highlighting increased price action within the crypto space. Moreover, the pending decision of the approval of the spot Ethereum ETF by the SEC has ignited a fresh bull rally-like situation in the market.
Moreover, ETH-based tokens have recorded the highest gains during this time. This indicates a rising interest of investors in these tokens to maximize their profits during the upcoming altcoin season.
With the pending approval of the spot ETH ETF, the crypto space is on the verge of experiencing an AltSeason in the coming time.
Planning on investing in these altcoins? But confused about its future prospects? Dive in as, in this article, we have covered the detailed analysis and possible price targets ahead of the upcoming rally.
JasmyCoin (JASMY):
The JASMY price continues to display a positive price action by adding 5.12% with a trading volume of $113.50 Million, a jump of 61.18% over the past 24 hours. Moreover, the altcoin has added 8.29% within the past seven days and has a YTD return of 229.36%.
Positively, the altcoin has formed a triangle pattern in the 1D time fame and is on the verge of testing its resistance trendline. Moreover, the Simple Moving Average (SMA) supports the price chart, highlighting a strong bullish sentiment in the crypto space.
If JasmyCoin breaks out of the triangle pattern, the price will experience a bullish surge which could result in the JASMY price testing its upper resistance level of $0.0275.
However, a bearish reversal could pull the price of JasmyCoin toward its support level of $0.0193 this month.
Kaspa (KAS):
After displaying a neutral trend for a while, the Kaspa price has successfully regained momentum and has surged approximately 16% within the past seven days, indicating an increase in the buying-over-selling pressure for the altcoin in the crypto market.
With a surge of 6.69% within the past 24 hours and a market cap of $3.360 Billion, the Kaspa token has secured the 33rd position on the global crypto list with a trading price of $0.140.
The technical indicator, RSI, has successfully tested its mid-point and is headed to the overbought range, highlighting increased buying sentiment in the crypto market.
If the market holds the price above the support level of $0.140, 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 toward its low of $0.1168.
Gala (GALA):
Despite recording a correction of approximately 1.25% within the past 24 hours, the Gala price has successfully recorded a breakout pattern of its symmetric triangle pattern in the 1D time frame, highlighting a high possibility of bullish price action in the coming time.
The Cross EMA 50-day is on the verge of experiencing a bullish convergence, suggesting a rising bullish sentiment for the Gala price. Moreover, the MACD shows a constant rise in the histogram with its averages recording a positive uptrend.
If the market regains momentum, the GALA coin price will break out of its important resistance level and prepare to test its upper resistance level of $0.05850. Negatively, if the bulls fail to regain momentum, this altcoin will fall toward its crucial support level of $0.03750.
Conclusion:
With the rising bullish sentiment in the cryptocurrency market, volatility has been on a constant rise. Moreover, with a high possibility of an Altcoin rally in the coming time, Ethereum-based tokens are predicted to outperform the crypto market. Thus making this a good opportunity for new traders and investors to stack altcoins.
Note: This article is not subjected to financial advice and the tokens selected are not promotional in any manner. Make sure to do detailed research before investing in any digital asset as the market is highly volatile.
