Flow

Jupiter

Convergence

Trillion

<p>The post <a href="https://coinpedia.org/price-analysis/top-altcoins-to-stack-this-week-as-market-turns-bearish/">Top Altcoins To Stack This Week As Market Turns Bearish!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>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.</p> 
<p>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.</p> 
<h2 class="wp-block-heading" id="h-flow-flow">Flow (FLOW):</h2> 
<p>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.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfJTSYXrs3kUdFbotODV3twptHFiMUZzXTFZkzHlIx-3HuoH3T3M_3v2FNUgk4eTqMDzCEMLgvN8AR9l0KPFeGInPBtGMX88cFlCrr0PQh60k2RE9ZtkrkuwfU07i5T2Rxy7yFFyeQY_HjosbuENhwfNvh-?key=b04uCxB_FFqfXEzZ-5ryMg" alt="Flow Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: FLOW/USDT
 </figcaption>
</figure> 
<p>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.</p> 
<p>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.</p> 
<h2 class="wp-block-heading" id="h-jupiter-jup">Jupiter (JUP):</h2> 
<p>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.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXelwsp63Pg9lIw74J_XUGJd5nZTF-pY2m68jv8BslY7qv9fxD_7xTFiQBmB_VtgMmBUHv6tYupa3ZFpyuBKCVKG7d3lRgJIkqpq8dUVKSSKfh_VaZUHoUNnFdvqjZUgX27TDqz0STiV4oO_vL_-qafq821G?key=b04uCxB_FFqfXEzZ-5ryMg" alt="Jupiter Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: JUP/USDT
 </figcaption>
</figure> 
<p>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.</p> 
<p>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.</p> 
<h2 class="wp-block-heading" id="h-pyth-pyth">Pyth (PYTH):</h2> 
<p>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%.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe3TpM-utqle4pcGmUzS6zjzTI_bes5LJv4TGXXnIa74b1jEQuT7nxqCvU-E_A5ynUudw5omJpcDgDDHDXtADyIuYUH2UNyMZfLcCLnf5MvIysnMsSkmoqACwkMPQ3JjvpTX3qx0nA47KCa7A2mMXuvug?key=b04uCxB_FFqfXEzZ-5ryMg" alt="Pyth Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: PYTH/USDT
 </figcaption>
</figure> 
<p>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.</p> 
<p>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.</p>

Top Altcoins To Stack This Week As Market Turns Bearish!

Table of Contents

CoinPedia News

Další články publikované 25. 7. 2024

Toyota’s love for Ethereum, HK nods inverse Bitcoin ETF, stablecoin: Asia Express

Crypto Regulation: Major Tax Reform Bill Submitted to US Senate

OpenAI Develops New AI-Powered Search Engine

Binance's First Airdrop Portal Project: What is Banana Gun?

Galaxy Digital Raises $113M For Crypto Fund, Bets On 'Two-Decade' Blockchain Transition

South Korea's New Crypto Law Takes Effect: What We Know

Join our free newsletter for daily crypto updates!