Convergence

Stacks

Kaspa

Divergence

<p>The post <a href="https://coinpedia.org/price-analysis/top-altcoin-to-stack-for-may-as-market-turns-bullish/">Top Altcoin To Stack For May As Market Turns Bullish!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The volatility in the crypto industry is on a constant rise, highlighting increased buying and selling pressure in the market. Moreover, top altcoins have recorded a significant uptrend in their respective charts, suggesting a high potential for a positive price action during the coming time.</p> 
<p>In this article, we have covered the market sentiments and price targets for the top 3 Altcoins that have the potential to outperform the crypto market during the upcoming month.</p> 
<h2 class="wp-block-heading" id="h-stacks-stx">Stacks (STX):</h2> 
<p>The <a href="https://markets.coinpedia.org/stacks/">STX token</a> jumped 5.38% within the past day, resulting in its price on the verge of testing its important resistance level of $3.088, the outcome of which is uncertain. However, the volatility is on a constant rise with the market favoring the bulls, indicating a possibility of an altcoin rally soon.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/FQyrLMrp7e-cgYdUCwP5uLcMQ2TAOIU47xEvVqJyOJmVxLgRKabQvciIMe4EtLITMTR9Ifj_anOvE9ts95HBxiJm20TdKTjxPBd0EZI8kTu_1Fv-kSiO2bmCIuB5Y7ldc_5ahTIKQ-OP3JRbVIgF0UM" alt="STX Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: STX/USDT
 </figcaption>
</figure> 
<p>Furthermore, the <a href="https://coinpedia.org/price-prediction/stacks-stx-price-prediction/">Stacks price</a> has added 21.73% within the past seven days and its YTD stands at 103.68%, highlighting a positive outlook for this altcoin in the market. Further, the Stacks token has displayed a bullish price action by surpassing the EMA 50-day in the 1D time frame.</p> 
<p>The technical indicator, MACD, displays a positive outlook for the STX price in the coming time as its averages show a bullish convergence in the 1D time frame. Moreover, the histogram records a rising pattern, suggesting the price will continue trading under a bullish sentiment.</p> 
<p>If the market holds the price above the support level of $3.085, the Stacks price will continue rising and prepare to test its upper resistance level of $4.250 during the upcoming month. However, a bearish trend reversal may pull the price toward its support level of $2.52.</p> 
<h2 class="wp-block-heading" id="h-kaspa-kas">Kaspa (KAS):</h2> 
<p>After recording a successful 2023, the <a href="https://markets.coinpedia.org/kaspa/">Kaspa price</a> displayed a neutral trend for the first month of 2024, indicating a reduced price action for the altcoin in the market. However, as the volatility increased, the price recorded a jump of 88.63% within the next few days.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/a8K4MLdHI8YWs9_kJItt7rO3J7Ma5-ezcwE7dffaZkWSSSH0pmFY2jqSQIOTfGMv1E2JBZJUnng4uttv7lsOFOA5E6evB4MU-pnCalGYri_rDunsCKzefPvbTxJrkZMrtt-pKDbhCqTTwvvJTSW8Yhc" alt="KAS Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: KAS/USDT
 </figcaption>
</figure> 
<p>The price recorded a yearly high of $0.183, following which the bulls lost momentum and recorded a correction of 36.62% in value. Since then, the price has been trading in a closed range between $0.116 and $0.140.</p> 
<p>The MACD shows a flatline in the chart, suggesting a weak buying and selling pressure for the altcoin in the market. Furthermore, the averages display a bullish crossover, highlighting a bullpower in the market.</p> 
<p>If the market continues trading under a bullish influence, the KAS price will test its upper level of $0.162. Conversely, if the bulls lose momentum, the Kaspa token will fall to test its support level of $0.116 in the coming time.</p> 
<h2 class="wp-block-heading" id="h-immutablex-imx">ImmutableX (IMX):</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/immutable-x-imx-price-prediction/">IMX price</a> has displayed a strong bullish reversal in the chart after trading under a bearish convergence for about a month. The ImmutableX token has recorded a jump of 5.52% within the past day and 20.16% over the past week, suggesting a high potential for a bullish price action in the coming time.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/W3OyoFnwWiJ_DQXoFWdeJ1HsYrzyWcpSbhshBOGK-eo-0hb5SzMDVIIKaKYcb3hzOb2lKF6lwprRGsOI03U5Z26ChpCrtWnj_Ka6XgKumJ4kl7DYP15xRM3w1V0-_ZjoAZsa89I1-_jva_OhtESw850" alt="IMX Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: IMX/USDT
 </figcaption>
</figure> 
<p>The Moving Average Convergence Divergence (MACD) displays a rising green histogram, highlighting a bullish outlook for the IMX price this week. Further, the averages show a positive price action, suggesting a bullish outlook for the <a href="https://markets.coinpedia.org/immutable-x/">ImmutableX token</a> during the coming time.</p> 
<p>If the market pushes the IMX price above the resistance level of $2.55, the bulls will prepare to test its upper resistance level of $3.08 in the coming time. Negatively, bearish price action may result in the ImmutableX token falling toward its support level of $1.97 this month.</p>

Top Altcoin To Stack For May As Market Turns Bullish!

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