With a bullish rebound in the cryptocurrency market, top tokens have successfully breached their important resistance levels. Further, the market leader, Bitcoin price has held its value above the $64K level, indicating increased bullish influence in the space.
On the other hand, mid-cap and low-cap altcoins have gained massive attention from investors. This has resulted in many tokens recording a 2X – 3X surge in the past 2 weeks.
Dive in, as in this article, we have covered the market sentiments, price action, and short-lived price targets of the top 3 altcoins that have the potential to record a surge of up to 100% during the upcoming weeks.
Arcblock (ABT)
The Arcblock price has recorded a jump of approximately 25% in the past day with a trading volume of $3.819 million. Moreover, it has jumped 48% over the past week and has a YTD return of 812.34%. With a market cap of $196.52 Million, it has secured the 235th position.
The Relative Strength Index (RSI) has displayed a sharp rise toward the overbought range in the 1D time frame. Further, its average trendline shows a bullish rise. This indicates that the ABT price will continue gaining value this week.
Maintaining the price above its support level of $2 will set the stage for the Arcblock price to head toward its upper resistance level of $2.952 in the coming time. Conversely, a bearish reversal could pull the price toward its low of $1.345.
Solama (SOLAMA)
Built on the Solana ecosystem, this project operates under the tagline of the Official “Unofficial” Solana Mascot. The SOLAMA takes its inspiration from Shiba Inu and the Ethereum Network. Further, it has introduced a refreshing and twisted way of experiencing the world of memes.
Notably, this altcoin has recorded a jump of 6.18% in the past day and 53.76% over the past week. Despite recording a correction of approximately 20% during the past month, the SOLAMA price has surged 3,215.94% since its inception.
With a trading price of $0.01345 and a circulating supply of 653,868,075 SOLAMA tokens, it has secured the 1,056th position in the global cryptocurrency list with a market capitalization of $8.796 Million.
Popcat (SOL) POPCAT
Despite recording a correction of approximately 3%, the POPCAT price has recorded a jump of 82.86% over the past week and has rewarded its long-term investors with a yearly return of 9,060.79%. With a market cap of $727.87 Million, this altcoin has secured the 89th position.
The Moving Average Convergence Divergence (MACD) shows a constant rise in the green histogram with its averages displaying a significant rise. This highlights increased buying-over-selling pressure for the POPCAT price in the crypto market.
If the market continues trading under a bullish sentiment, the Popcat (SOL) price will prepare to test its high of $0.99730. On the flip side, a bearish action could pull the memecoin toward its lower support level of $0.38805 during the upcoming weeks.
The post appeared first on Coinpedia
