The post Top Altcoins To Stack This Week As Market Turns Bearish! appeared first on Coinpedia Fintech News
The cryptocurrency market has recorded a drop of 3.72% in valuation within the past day, from $2.42 Trillion to $2.30 Trillion, a drop of approximately $120 Billion. Further, top tokens such as Bitcoin and Ethereum have dropped 3.85% and 8.86% during this period.
Planning on investing in mid-cap altcoins to maximize your profits during the upcoming Crypto bull run? Look no further as, in this article, we have covered the top 3 altcoins that have the potential to record a massive upside during the upcoming time.
Flow (FLOW):
Despite increased price volatility in the crypto market, the Flow price has recorded a jump of approximately 1% within the past day and 3.12% over the past week. Further, it has formed an ascending channel pattern and continues to trade within it since the month started.
TradingView: FLOW/USDT
The technical indicator, RSI, displays a sharp plunge toward the mid-point in the 1D time frame. However, it is on the verge of testing its average trendline, highlighting a high possibility of a bounce back in the coming time.
If the market continues trading under a bullish sentiment, the Flow price will prepare to test its resistance level of $0.710. Conversely, if the bears overpower the bulls, the Flow crypto will break down its channel pattern and plunge toward its low of $0.475.
Jupiter (JUP):
Amid increased price volatility, the Jupiter price has recorded a correction of 4.42% within the past day with a trading volume of $158.26 Million. However, the JUP price has jumped 21.09% over the past 30 days, indicating a long-term bullish influence.
TradingView: JUP/USDT
The Moving Average Convergence Divergence (MACD) has recorded a constant decline in the green histogram, highlighting increased bearish influence in the crypto space. Further, the averages display a high possibility of a bearish convergence in the 1D time frame.
If the bulls regain momentum, the JUP price will prepare to test its upper resistance level of $1.4950 in the coming time. However, if the bears overpower the bulls, the altcoin will plunge toward its crucial support level of $0.540.
Pyth (PYTH):
Over the past 24 hours, the Pyth price has recorded a drop of 3.32% in valuation with a trading volume of $100.32 Million, a change of +78.51%. However, it has jumped 4.78% within the past 30 days and has a YTD return of 6.012%.
TradingView: PYTH/USDT
The RSI indicator has successfully retested its mid-point, indicating an increase in the positive sentiment in the crypto market. Moreover, the Simple Moving Average (SMA) is on the verge of recording a bullish convergence, suggesting a positive outlook in the coming time.
If the market regains momentum, the PYTH price will head toward its upper resistance level of $0.5430. Conversely, if the bears regain momentum, the Pyth coin price will plunge toward its crucial support level of $0.250.