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With Ethereum price reclaiming the $2,500 mark, top altcoins have displayed a significant uptrend in their respective portfolios. Moreover, Ethereum-based altcoins have recorded a similar price action by breaking out of their resistance levels.
Planning on investing in these tokens but concerned about their future? That has fueled questions like “Will ETH price reclaim $3K?” and “Is AltSeason Coming?”.
Dive in as, in this article, we have uncovered the market sentiments, price action, and possible price targets of the top 3 Ethereum-based altcoins. That has the potential to record a massive uptrend in their respective portfolios during the upcoming time.
Mantra (OM) Price Action
The OM price has recorded a neutral trend by recording a change of less than 1% in its portfolio over the past week. However, this altcoin has surged approximately 1,500% this year alone despite recording a correction of 22.68% during the past month.
The Moving Average Convergence Divergence (MACD) has recorded a constant flatline with a similar trend in its averages. This indicates a weak buying and selling pressure for the altcoin in the crypto market.
If the bulls regain momentum, the Mantra price will prepare to test its resistance level of $1.050 in the coming time. Conversely, if the bears regain momentum, this altcoin will plunge toward its low of $0.790.
Ethereum Name Service (ENS) Price Action
Amid ongoing market turmoil, the ENS price has dropped 4.48% in the past week and 32.85% over the past month. Notably, with a YTD return of +84.85% and a market capitalization of $621.58 Million, this altcoin has secured the 93rd position in the global crypto list.
The EMA 50/200-day has experienced a constant decline in the 1D time frame. On the other hand, the RSI indicator is on the verge of recording a bullish convergence. This indicates a mixed price sentiment for the altcoin in the market.
Assuming a bullish reversal, the Ethereum Name Service price will retest its resistance level of $20.50 during the upcoming weeks. On the flip side, a bearish action could pull this ETH-based altcoin toward its low of $16.50.
Kaspa (KAS) Price Action
The KAS price has added 2.33% to its portfolio in the past day and 4.53% over the past week. Moreover, it has recorded a YTD return of 48.49%. This indicates a long-term bullish sentiment for the altcoin in the crypto market.
The Simple Moving Average (SMA) has recorded a bullish convergence in the 1D time frame. Further, the MACD shows a bullish rise in its green histogram. This indicates that the Kaspa price will continue gaining value in the coming time.
If the market continues trading under a bullish sentiment, the KAS price will head toward its resistance level of $0.175. Negatively, a trend reversal could pull the price of the Kaspa token toward its low of $0149 during the upcoming weeks.