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.
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