The post Must Buy Cosmos-Based Altcoins To Rival Meme Coins Rally! appeared first on Coinpedia Fintech News
The broader market is standing at crossroads, as the FOMC meeting inches closer with each passing day. Amidt increasing uncertainty and speculations, the Cosmos ecosystem and the altcoins based on it promise a bullish recovery. So will these mid-cap altcoins hop onto the bulls for a run to outpace the meme coins? Read this to know more!
Top Cosmos-based Altcoins To Buy
Thorchain (RUNE)
With the falling channel pattern in the daily chart, the RUNE price action reveals a substantial bearish influence. However, the recent bull cycle within the channel teases increased breakout chances for the cosmos-based altcoin.
https://www.tradingview.com/x/TyAyqW8q
Currently, the RUNE price trades near the 50-day EMA and the 23.60% Fibonacci level at $3.977. Currently, it reclaims the $4 psychological mark, leading to a bullish crossover in the MACD signal line with an intraday gain of 3.96%.
With a potential channel breakout, the Cosmos-based altcoin price can reach the $10 psychological mark or March 2024 high, with more than 2X or almost 150% upside potential.
Celestia (TIA)
Similar to Rune, the TIA token price action reveals a long-coming bearish trendline in the daily chart. However, the recent bullish turnaround in the Cosmos-based altcoin from the Crucial Support at $3.86 results in a breakout rally.
Tradingview
The trendline breakout rally challenges the 50-day EMA near the $1.05 psychological mark. The cosmos-based altcoin trades at $4.872 with an intraday gain of 7.41% to create a bullish engulfing candle.
As the rounding bottom reversal in Celestia gains momentum, the MACD and signal line regain bullish alignment with a surge in positive histograms.
Based on the Fibonacci levels, the upside of the immediate resistance above the 50-day EMA is the 23.60% Fibonacci level, and the 200-day EMA is near the $7.87 mark. Beyond this, an uptrend continuation can scale to the $1.20 mark or the 52-week high of Celestia near $21.14.
To learn about the price forecast of TIA, read our Celestia (TIA) Price Prediction
Saga (SAGA)
Following the massive listing gains, the SAGA price trend witnesses a massive pullback phase, resulting in a drop from $6.55 to $0.89. However, the recovery-run in the cosmos-based altcoin surpasses the 50-day EMA and reclaims its all-around psychological mark.
Tradingview
Currently, the uptrend is trading at $1.65, with eyes set on the next psychological mark of $2. Based on the Fibonacci level, the immediate resistance stands at $2.29, or the 23.60% Fibonacci level.
Amid the broader market recovery, the upside potential for the cosmos-based altcoin stands at $6.55 and $8. At 100% and 1.272 Fibonacci level.
