The post This Altcoin With $120 Million Jumps 300% Within Days! A 10X Surge On The Brink? appeared first on Coinpedia Fintech News
The cryptocurrency market has recorded a weak price action by recording a neutral price trend over the past two days. Despite the Ethereum ETF launch, the ETH price has dropped over 1.5% within the past day, indicating a mixed sentiment.
However, mid-cap and low-cap altcoins have gained significant attention from the crypto space over the past few days, highlighting increased bullish sentiment for these tokens for the upcoming bull market.
Planning on investing in this low-cap altcoin for the upcoming crypto bull run? Dive in as, in this article, we have covered the market sentiments, price analysis, and possible prospects of the Ultima crypto token.
ULTIMA Price Displays Increased Bullish Action:
The Ultima crypto has successfully retested its crucial support level of $2,048. This has resulted in it adding 14.19% to its portfolio within the past day and 87.76% over the past week. Furthermore, it has surged over 173% during the last 30 days and has a YTD return of 69.47%.
TradingView: ULTIMA/USDT
With a trading price of $8,275.6, a circulating supply of 15,339, and a maximum supply of 100,000 ULTIMA tokens, the ULTIMA crypto has secured the 315th position with a market capitalization of $128.57 Million.
The Moving Average Convergence Divergence (MACD) has displayed a constant rise in the green histogram with its averages recording a sharp uptrend. This highlights increased bullish sentiment in the crypto space.
The technical indicator, RSI, continues to trade above its overbought range. Further, its average trendline is on the verge of surpassing the overbought range, suggesting a positive outlook for the altcoin this week.
How High Will ULTIMA Price Reach?
If the market continues trading under the influence of the bulls, the ULTIMA price will test its resistance level of $9,310. Maintaining the price at that level will set the stage for this altcoin to prepare to test its upper resistance level of $10,800 during the upcoming weeks.
Conversely, if a trend reversal occurs, the ULTIMA coin price will lose momentum and plunge toward its support level of $7,7432.5. Furthermore, if the bears continue to dominate the market, it will prepare to test its lower support level of $6,240.