In July, although Bitcoin rebounded from its lows, the Cryptocurrency Fear and Greed Index remained in the neutral range, indicating that investors are uncertain about the future market trend. Even if the market performs mediocrely, there are still many altcoins with the potential to soar.
3 hidden treasure altcoins that are undervalued by the market but may bring profits in July. They are for reference only and are not intended as an investment basis.
MANTRA (OM): The RWA Token That Hasn’t Been Paying Attention Yet
MANTRA (OM) is a public chain project in the real world asset (RWA) track, providing a secure and scalable infrastructure with the goal of creating a highly liquid RWA permissioned dApp ecosystem on a permissionless chain.
In the first two weeks of June, OM suddenly surged 55% to around $1.04, but failed to break through this resistance and subsequently experienced a sharp drop, wiping out all gains.
Despite this, the price of OM still maintains the key support level of $0.64, which has been held for three and a half months, giving OM a chance to rebound, especially since the current relative strength index (RSI) is close to the buy zone.
However, if this support level fails, OM investors could face huge losses as the OM cryptocurrency could fall below $0.50, wiping out half of its gains since late March.
Wemix (WEMIX): Blockchain Gaming Platform Token
Wemix (WEMIX) is a blockchain launched by Korean gaming giant Wemade, focusing on the field of blockchain games (GameFi). The Wemix ecosystem includes blockchain games, decentralized finance (DeFi) and NFT platforms, and has launched blockchain games such as "MiR 4" (MIR 4) and "Night Crow" international version.
WEMIX has not performed well over the past month, gaining only 7% cumulatively, but it has shown bullish potential to start July.
In the past week alone, WEMIX has risen by more than 35% and once broke through the key resistance level of $1.38, which was considered an important support in the past. If this level can be converted back into support, it will further promote the rise of WEMIX, and there will be a chance to move towards $2 in the future and enter a new consolidation range.
However, if WEMIX holders sell to take profits and fail to move back above $1.38, the short-term bullish view will be invalidated and $WEMIX may fall to $0.98 and wipe out all June gains.
Raydium (RAY): Solana’s Light of Liquidity
Raydium (RAY) is an automated market maker (AMM) and liquidity provider on the Solana chain, providing services for the decentralized exchange (DEX) Serum. In addition to allowing holders to participate in governance, RAY can also be staked to earn income or participate in the initial token issuance (IDO) of the DEX.
Although the market was affected by the recent market downturn, RAY's performance was unexpectedly solid.
RAY has been trading between $1.82 and $1.45 for the past three and a half months and is now looking to break out. RAY’s MACD also recently formed a golden cross, which is often seen as a bullish signal.
MACD is a trend-tracking momentum indicator used to determine the strength, direction, energy, and trend cycle of the underlying asset's price changes. By analyzing MACD, investors can find potential buy and sell signals.
RAY is looking to break out of the consolidation range. We predict that the bulls will push the price to $1.99, which will help break out of the range. If RAY fails to break out, it may remain in consolidation and the short-term bullish view will be invalidated.
Later, I will bring you analysis of leading projects in other tracks. If you are interested, you can click to follow. I will also organize some cutting-edge consulting and project reviews from time to time. Welcome all like-minded people in the cryptocurrency circle to explore together.
