The volatility in the cryptocurrency market is on a constant rise, highlighting increased price action. However, top tokens failed to gain momentum, leading them to record significant corrections in their respective portfolios.
With the current market situation, investors have expressed increased concern about the upcoming bull rally, and questions such as “Is the cryptocurrency market going to rise again?” and “Will crypto recover in 2024?” recorded increased traffic. Planning to invest in altcoins for the upcoming Bull Run?
Scroll down because in this article we have covered market sentiments, price analysis and short-term price targets of the top 4 altcoins that have the potential to record massive price action during the coming week.
Beldex (BDX):
Despite a correction of 10.37% within the last 24 hours, the BDX price recorded a jump of 14.95% over the last seven days. Furthermore, the altcoin has added 11.83% within the last 30 days, indicating a long-term bullish sentiment for the altcoin in the coming time.
With a trading price of $0.03842, a circulating supply of 6,447,708,970 BDX, and a total supply of 9,925,088,970 BDX, the Beldex crypto successfully secured the 254th place in the global crypto market list with a capitalization of $0.0324 million.
The technical indicator, RSI, is heading towards its midpoint after recording a sharp decline above the overbought range. Additionally, the average trendline shows a high possibility of a bearish convergence, suggesting uncertainty in future price action.
If the bulls regain momentum, the Beldex price will prepare to test its upper resistance level of $0.050 in the coming time. However, if the bears continue to dominate the market, the BDX coin price will drop to its lower support level of $0.032.
BakeryToken (BAKE):
After trading below a closed range between $0.2225 and $0.3630 for a short period, the BAKE coin price regained momentum and broke out of its resistance level, highlighting an increase in the buying pressure for BakeryToken in the crypto market.
The Cross EMA 50/200 day shows a bullish rise in the 1D time frame, suggesting an increase in the buying over selling pressure for the altcoin.
The moving average convergence divergence (MACD) shows a constant rise in the green histogram, indicating an increase in the bullish sentiment in the market. Furthermore, the averages show a positive trend, which suggests that the price will continue to gain value in the coming time.
If the bulls continue to gain momentum, the BAKE price will move towards its upper resistance level of $0.6115 in the coming time. Conversely, in the event of a bearish reversal, BakeryToken will fall to its lower support level of $0.2225 this month.
Dimitra (DMTR):
Despite increased price volatility in the crypto market, the Dimitra token is still trading in a closed range between $0.0940 and $0.1377. Moreover, the altcoin recorded a correction of 3.83% within the last day, but added 20.89% in the last week, and has a YTD of 217.59%.
The technical indicators, SMA and MACD are showing bullish price action in the 1D time frame, suggesting an increase in the buying pressure for the DMTR token in the cryptocurrency market.
If the market pushes the Dimitra price above the resistance level, the bulls will regain momentum and prepare to test its upper resistance level of $0.180. On the downside, if the bears gain strength, the DMTR crypto will test its crucial support level of $0.0940.
Maneki (MANEKI):
Built on the Solana chain, the name Maneki comes from a Japanese winning cat. It is known as the legendary leader with the wisdom of ages and the power to bring happiness to those who rally under his banner. The project is supported by its native token “MANEKI”.
The Maneki price recorded a correction of 5.11% in the past day but added 6.36% in the past week. Furthermore, the altcoin has risen by 48.71% in the past 30 days, highlighting a long-term bullish sentiment for the crypto-token in the market.
With a trading price of $0.011, a circulating supply of 8,422,887,212 MANEKI tokens, and a total supply of 8,888,887,212 MANEKI tokens, the altcoin successfully secured the 456th position with a market capitalization of $92,545 million.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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