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😱🚀🚀Accelerate Your Portfolio: 3 Altcoins Ready for Big Profits Polygon (#MATIC ) Bears in Control, Bulls Struggle to Break Through Polygon ($MATIC ) is currently trading between $0.47 and $0.55, showing bearish trends. The price is below both its 10-day and 100-day moving averages, $0.49 and $0.51, with momentum indicators like the RSI at 37.21 and Stochastic at 16.96 pointing to weak buying interest. Bears have the upper hand as the price dropped 7.93% in a week and 14.70% in a month. Bulls need to break the $0.59 resistance level to spark a rally, potentially pushing price by around 24% to the next resistance at $0.67. For now, support is seen at $0.44, with a firmer floor at $0.36. Injective (#INJ ) Faces Bearish Struggle but Eyes Potential Rebound Injective ($INJ ) is currently priced between $22.21 and $26.89, showing bearish trends. Over the past week, INJ dropped by over 13%, and in the past month, it has fallen by 8%. Longer term, the coin has seen a 40% decline over six months. With an RSI of 34.74 and a Stochastic of 26.78, both indicators suggest that the coin is under heavy selling pressure. The nearest support level sits at $20.20, while resistance stands at $29.55. If bulls gain momentum, INJ could rise to the second resistance level of $34.23, marking over a 50% potential increase from its current price, offering a glimmer of hope for investors. Kaspa (#KAS ) Struggles Below Key Levels, Potential Growth in Sight Kaspa (KAS) is currently trading between $0.17 and $0.19, indicating a tight battle between bulls and bears. The nearest resistance is at $0.21 and support at $0.16. Despite recent sluggishness with a 44.62 RSI and a 35.07 Stochastic, KAS has shown significant long-term gains, rising almost 95 percent in six months. For potential growth, breaking past $0.21 could push it to $0.23, a move of about 21 percent from its current range. However, it needs to reclaim its 10-day simple moving average of $0.20 to show stronger momentum. #altcoins
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😱🚀🚀Unstoppable Rally: Altcoins Positioned for Massive Gains Avalanche (#AVAX ) Struggles to Gain Momentum Amid Bearish Trends Avalanche ($AVAX ) is struggling to break away from bearish trends with its current price stuck in the range of $23.82 to $31.49. The coin has faced a price dip of almost 13% in the past week and over 14% in the past month. With its Relative Strength Index (RSI) at 38, it signals weak buying pressure. The nearest support level sits at $22.22, while resistance waits at $35.55. For a potential bounce-back, AVAX needs to cross $35.55, pushing it towards the next resistance at $42.22, which would mean a rise of close to 50%. Polkadot (DOT) Faces Bearish Trend Amid Price Struggles Polkadot ($DOT ) is currently hovering between $5.00 and $6.29, reflecting bearish sentiment. The cryptocurrency has seen a 9.74% drop over the past week and an 18.01% decline in the past month. With the nearest support at $4.97 and resistance at $6.85, DOT needs to break above $6.85 to signal any bullish momentum. However, it’s still far from its second resistance of $7.79. Indicators like the Relative Strength Index (RSI) at 34.53 show it’s nearing oversold conditions, suggesting potential for a rebound. If DOT can overcome the resistance levels, it could rise by around 28% to reach $7.79. For now, bears seem to have the upper hand. Stellar ($XLM ) Struggles Amid Market Pressures Stellar (#XLM ) fluctuates between $0.0933 and $0.1051, mirroring a cautious market. Bulls seem weak with a recent price dip of over 5% for the week. However, the coin shows a 7% rise for the month, signaling potential recovery. The nearest resistance sits at $0.1097, and breaking through could push XLM toward its second resistance at $0.1173, a 16% hike from current levels. Yet, support levels at $0.0947 and $0.0871 loom, cautioning further dips. With an RSI of 37.13 and a MACD of -0.0013, both indicating weak bullish momentum, the outlook remains mixed for now. #altcoins
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😱🚀🚀Top 2 Altcoins Not Affected by Bitcoin Price Downtrend Aave ($AAVE ) The AAVE price has remained bullish for over a couple of years, regardless of the short-term bearish actions. The bulls and the bears had a strong face-off, which was followed by a massive breakout, which has kept the price elevated since the start of the week. The prices have soared above average levels and are therefore believed to trigger a 20% upswing soon. The #AAVE prices are trading within an ascending parallel channel and have risen above the average levels. While the RSI remains stuck above the ascending trend line and the MACD displays a swelling buying volume, prices are expected to remain inflated. With this, a rise to the upper resistance at $135 could be imminent in the next few days. Mantra ($OM ) The Mantra price has been trading within an ascending parallel channel which is considered as bullish in the long term. The bears tried to drag the levels below the average levels but the bulls jumped in action and triggered a fine rebound. Currently, the price is facing some upward pressure, but after a brief consolidation, the OM price is primed to revamp a fine ascending trend. The MACD shows a drop in the selling pressure, and the levels are preparing for a bullish crossover. Besides, the bulls are regaining their dominance as suggested by the Bull-Bear power which may validate a fine ascending trend. Therefore, the #OM price is expected to maintain a healthy upswing and reach the upper resistance of the channel at $.15, forming new highs. #altcoins #binance
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🤯🚀🚀Top 3 Altcoins with big breakout potential #BitTorrent ($BTTC ) This project is a peer-to-peer (P2P) content distribution protocol launched in 2001 to enhance file download speeds. Unlike HTTP and FTP, BitTorrent enables simultaneous file downloads from multiple sources, making it faster and more efficient. Initially comprising 35% of internet traffic by 2005, its usage declined with faster internet speeds. Acquired by the Tron Foundation in 2019, BitTorrent introduced BTT cryptocurrency via ICO to expand its protocol and reward users. Today, BTT tokens support network incentives and ecosystem growth within the BitTorrent chain. Fantom (#FTM ) As a robust smart contract platform renowned for its scalability and security, Fantom is a highly sought-after token in the DeFi sector. Built on an open-source network compatible with the Ethereum Virtual Machine, Fantom utilizes the Lachesis consensus mechanism to validate transactions efficiently. The $FTM token serves multiple functions, including rewarding validators, facilitating financial transactions, and granting governance rights within its ecosystem. Analysts remain optimistic, predicting a potential rise to $2 in the near term, making it an attractive investment opportunity for 2024. Jupiter (#JUP ) Numerous exchanges have launched their crypto tokens to benefit and reward crypto traders. Jupiter ($JUP ) is a Solana-based decentralized aggregator that addresses liquidity fragmentation in DeFi. Despite a recent price decline of 28% in the last month, analysts favored Jupiter as a top cryptocurrency under $1, poised for potential gains. With increasing trading volume indicating strong market activity, experts anticipate a bullish trend towards resistance levels of $1.14 to $1.23, positioning Jupiter as a promising investment ahead of a potential bull run. #altcoins
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😱🚀🚀Memecoins Expected to Rise in August: Time to Rise Amid Market Uncertainty Dogwifhat (#WIF ) Dogwifhat ($WIF ) is currently trading between $1.83 and $1.86. It's unclear whether bears or bulls are in control. While the price has fallen nearly 11% over the past week, indicating bearish pressure, the coin has also shown promise with a 77% growth over the past six months. If the price can break past the $3.12 resistance level, it might climb further to around $3.69, representing over 30% growth from the current range. The nearest support level is $1.97, offering a safety net, while the Relative Strength Index at 43.16 indicates WIF is heading towards being oversold. This suggests a potential bounce if buying pressure increases. Dogecoin (#DOGE ) Dogecoin's price movement is currently in a tight range of $0.11 to $0.14. The cryptocurrency is experiencing a balanced tug of war between bulls and bears. It has stalled around the $0.13 mark, which matches both its 10-day and 100-day moving averages. The Relative Strength Index sits at 47.31, suggesting a neutral stance. The recent one-week price has dipped by over three percent, but on a brighter note, there's a six-month surge of roughly 58%. Key levels to watch are the nearest resistance at $0.15 and support at $0.11. If bulls gain momentum, $DOGE could potentially rise by about 50%, reaching approximately $0.21. Shiba Inu (#SHIB ) Shiba Inu's ($SHIB ) is currently trading between $0.00001517 and $0.00001814, hinting at potential growth despite recent sluggishness. The nearest resistance levels are at $0.00001949 and $0.00002199, with support at $0.00001447 and $0.00001196. Both the 10-day and 100-day moving averages suggest stability, while an RSI of 43.28 indicates room for upward momentum. Although SHIB has dropped by around 4-5% over the past week and month, it has surged by over 80% in the past six months. If bulls regain strength, SHIB could reach its first resistance, marking a 40-60% increase. #memecoins
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