Decentraland (#MANA )

With the growing adoption of Web3 and play-to-earn projects, Decentraland (MANA) is positioned for a potential near-term rise. This small-cap altcoin, valued at about $594 million with a daily trading volume of around $27 million, has gained over 3% in the last 24 hours, trading at approximately $0.2719 during the mid-London session.

Technically, MANA’s price is showing signs of a possible reversal, with a rising divergence on the daily Relative Strength Index (RSI).

The Graph (#GRT )

The Graph (GRT), an indexing protocol for blockchain data, has seen a sharp increase in short funding rates. This could lead to a bullish rebound if these short traders face liquidations.

With a fully diluted valuation of about $1.5 billion and a daily trading volume of around $34 million, GRT has risen over 3% in the past 24 hours, trading at roughly $0.14. It has established strong support above 12 cents and shows a double bottom pattern with bullish divergence on the daily RSI.

Aave (#AAVE )

Aave continues to perform well among DeFi protocols, operating across several blockchains including Ethereum, BNB Chain, Avalanche, and Fantom. This mid-cap altcoin, valued at around $2.4 billion with a daily trading volume of about $461 million, has risen nearly 2% in the past 24 hours, trading at about $150 on Thursday.

#altcoins