The crypto market continues to bleed, highlighting an increased bearish pressure and selling pressure in the crypto industry. Further, top crypto tokens are hovering close to their crucial levels, indicating a massive correction in the space.
Positively, this gives investors excellent buying opportunities to buy these altcoins at a discounted price. In this article, we have covered the top altcoins that are currently priced below $1 but have the potential to record a surge of up to 10X during the coming month.
Siacoin (SC):
After displaying a neutral trend for a period, the SC price gained momentum and started trading under a bullish influence. The Siacoin added over 138% over the next nine days, following which it faced rejection at the resistance level of $0.02244.
After facing rejection, the bulls experienced a trend reversal in the chart, resulting in the Siacoin raising all its gains from the pump. Since then, the SC coin price has been trading in a closed range and constantly fluctuating significantly.
The technical indicator, MACD, displays a constant green histogram, indicating an increased buying-over-selling pressure in the crypto market. Further, the averages show a bullish convergence, suggesting a positive price action for the altcoin in the coming time.
If the market holds the price above the resistance level of $0.00908, the bulls will regain momentum and prepare to test its upper level of $0.0155 during the upcoming month. Conversely, if the bulls fail to regain momentum, the price will fall to test its low of $0.00771.
ArbDoge AI (AIDOGE):
The AIDOGE price traded in a closed range between $0.000000000161 and $0.000000000284 for about two weeks, following which the bulls recorded a jump of 13.26% in valuation. After trading sideways for a while, the bulls regained momentum and successfully broke out of the range where it traded sideways for the next few days.
As the market volatility grew, the bulls reached a high of $0.0000000008810 by jumping over 88%, after which it traded sideways for a while. Following this, the bulls lost momentum and broke down the support level and since then, the price has been trading in a consolidated range.
The Moving Average Convergence Divergence (MACD) displays a constant flatline, highlighting the market’s weak buying and selling pressure. Furthermore, the averages show a neutral trend, suggesting an unpredictable future price action in the coming time.
If the market holds the price above the support level of $0.000000000541, the bulls will regain power and run to test its upper resistance level of $0.0000000008810 during the coming month. However, a bearish reversal may pull the price toward its low of $0.000000000284.
eCash (XEC):
The XEC token traded in a narrow space between $0.0000318 and $0.0000365, following which the market gained momentum and jumped 38.25% in valuation. After trading sideways for a while, the bulls regained momentum and jumped 82% before facing rejection at $0.0000788.
After facing rejection, the bulls lost momentum, resulting in the eCash price breaking down the support level. The price then displayed a neutral trend for a while, following which the token recorded another breakdown in the chart. After displaying a neutral trend for a while, the bulls recently broke out of the range, indicating a bullish reversal in the chart.
The MACD shows a constant rise in the green histogram, indicating an increased bullish influence in the crypto market. Moreover, the averages show a rise, suggesting the altcoin will continue gaining value in the coming time.
If the market holds the price above the support level of $0.0000563, the bulls will continue to gain momentum and prepare to test its upper resistance level of $0.0000788 in the coming time. Negatively, if the bears overpowered the bulls, the price would plunge and fall to test its lower support level of $0.0000445.
Credit: Source link
