As buying and selling pressures increased in the cryptocurrency market, top coins have shown mixed sentiments in their respective portfolios over the past few days. In addition, the price of BTC continues to hover around $66,000, indicating uncertainty about future price movements.
However, mid-cap altcoins have gained momentum by adding massive valuations during this period, highlighting a shift in interest among enthusiasts.
In this article, we cover 3 altcoins that have the potential to record huge upside potential in their respective portfolios in the upcoming crypto bull rally.
Stellar Lumens (XLM) Price Analysis:
As the cryptocurrency market price volatility increases, it has risen by 5.02% in the past day, with a trading volume of $118.64 million. In addition, the XLM price has risen by 1.97% in the past 7 days and 14.67% in the past 30 days, indicating that bullish sentiment is increasing.
The Moving Average Convergence Divergence (MACD) shows a continued decline in the red histogram, with its average indicating a high probability of a bullish convergence on the 1D timeframe. This highlights the increasing bullish sentiment in the cryptocurrency space towards the price of XLM.
A bullish breakout could lead the altcoin above its important resistance at $0.1150 and move towards its overhead resistance at $0.1305. Conversely, a trend reversal could pull the Stellar price towards lower lows.
EOS (EOS) price trend:
EOS price has shown increasing bullish sentiment over the past few weeks, highlighting the upward trend of altcoins in the cryptocurrency space. Moreover, with a price of $0.5915 and a market cap of $888.75 million, it ranks 74th on the global cryptocurrency list.
The technical indicator RSI managed to break above the midpoint after briefly hovering near it. Moreover, the average showed a bullish convergence. However, the 50-day moving average acted as a resistance, suggesting mixed sentiment in the cryptocurrency space.
If the market starts moving under a bullish influence, EOS price will move towards its overhead resistance at $0.8225. However, a bearish action could lead the altcoin to test its critical support at $0.480.
Kaspa (KAS) Price Analysis:
After a sharp rise in 2023, Kaspa’s price continues to show a bullish trend, rising by 7.22% in the past day and about 15% in the past week. Moreover, so far this year, it has risen by 82.40%, indicating a positive outlook for the future.
The MACD indicator shows a continued rise in the green histogram, highlighting that buying pressure in the cryptocurrency space outweighs selling pressure. In addition, the moving averages are recording positive movements, suggesting that KAS prices will continue to rise this week.
If the market sustains Kaspa price above its support at $0.19850, bulls will continue to gain value and be ready to test its upper boundary at $0.2250 in the coming weeks. On the negative side, a trend reversal could cause the altcoin to drop to lows of $0.1750.
(Personal opinion, not a recommendation)
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