The cryptocurrency market is currently witnessing some exciting action. SAND, XLM, and ETH have made strong moves. Each coin is approaching significant resistance levels, indicating impressive growth. Let's delve into the details of these altcoins and see what is driving their rise.
Sandbox (SAND): Growth of 144% in One Month
Sandbox has had an incredible price surge, increasing 144% in just the past month. Just last week, SAND skyrocketed 76%. Currently, SAND is trading between $0.46 and $0.95, with strong upward momentum. Both short-term and long-term averages are at $0.61, signaling solid progress. If this trend continues, the next resistance level to watch is $1.13. This means an 85% increase from the current price.
Stellar (XLM): Over 100% Increase in One Week
Stellar Lumens is another altcoin making significant strides. XLM has increased over 100% in just one week. In the past month, XLM has quadrupled in value. Currently, it is trading between $0.28 and $0.72, approaching the resistance level of $0.90. Bullish signals from MACD and RSI at 59 indicate strong momentum. However, the stochastic index above 80 indicates overbought conditions. If XLM breaks the resistance level of $0.90, the next target is $1.34.
Ethereum (ETH): Upward Momentum and Target of $3770
Ethereum has seen steady growth, rising from $3094 to $3566 in the past month. RSI is at 62, indicating upward momentum without being overbought. Ethereum is trading above the 10-day and 100-day SMA at $3411 and $3391, indicating solid support. The next major resistance level is $3770.33. Breaking this level could lead to $4241.83, providing a potential price increase of 19%. Watch for signs of continued upward momentum or possible consolidation.
👉 Sandbox, Stellar, and Ethereum are showing strong upward trends. These altcoins have achieved impressive gains, with significant resistance levels ahead. As long as market conditions remain favorable, these coins may continue to rise. Keep an eye on their price movements for more opportunities.