The altcoin market has seen a strong bullish recovery as Bitcoin price maintains the $69,000 mark and Ethereum price reclaims the $2,700 mark. Moreover, investors speculate that this will be the start of a long-term altcoin market!
Planning to invest in mid-cap altcoins in AltSeason, but worried about their prospects? In this article, we present the top 5 altcoins that have the potential to dominate the crypto space in Q4!
APE
With a gain of about 30%, Apecoin’s price has secured the spot as the biggest gainer among the top 100 cryptocurrencies. Notably, the altcoin is currently trading at a discount of about 46% from its yearly high. This suggests a high probability of a bullish reversal.
The MACD indicator shows a clear uptrend in the green histogram on the 1D timeframe. Furthermore, APE price is suggesting a bullish outlook for this week as its SMA supports the price trend.
Assuming the bullish sentiment persists. This could lead Apecoin price towards its overhead resistance at $2.075. On the other hand, a bearish reversal could pull the price towards the $1.0 low.
Arbitration (ARB)
Amid heightened price volatility, ARB price has risen 9.84% in the past 24 hours, reclaiming the $0.60 mark with a trading volume of $308.66 million. With a market cap of $2.42 billion, ARB has taken the 39th position.
The 50-day EMA is showing a bullish convergence in the Arbitrum price chart. Moreover, the RSI indicator has shown a sharp rise towards the overbought zone, suggesting an increase in positive influence.
If the market turns bullish, the ARB price will break above its important resistance and move towards the upper high of $1.070. Conversely, a bearish action could lead it to retest the low of $0.3575.
Jupiter (JUP)
After briefly trading in a consolidation range, Jupiter shares have risen 10.68%. With this gain, the stock managed to break through the $1 mark in early Asian trading hours, reaching its highest point since August.
The Moving Average Convergence Divergence (MACD) shows that the green histogram continues to rise and its average is showing an upward pattern. This highlights that the JUP price may continue to rise this week.
If the bulls dominate the cryptocurrency market, the Jupiter price might retest its resistance at $1.160. On the other hand, if the bears regain momentum, the JUP token price might drop to its support at $0.8445.
Dydx (native) DYDX
As the cryptocurrency market volatility increased, DYDX’s price surged 2,380% in daily trading volume. In addition, its market capitalization rose 28.41% to $800.03 million.
The Relative Strength Index (RSI) has broken out of the overbought zone and continues to trade above it on the 1D timeframe. As bullish sentiment grows, the DYDX price is likely to continue to rise.
If the bullish sentiment persists, the DYDX price could break above the resistance and head towards the $2.24 ceiling. Conversely, if the bears outweigh the bulls, the altcoin could retest its $0.8350 lows.
MINA
MINA price has been trading in a consolidation range since June and has now managed to regain momentum and is testing a breakout above the $0.650 resistance level.
The Simple Moving Average (SMA) continues to support the MINA price chart on the 1D timeframe. Additionally, the MACD shows an increase in bullish sentiment, indicating that buying pressure is outweighing selling pressure.
Maintaining its value above the support level of $0.650 will set the stage for Mina Token to retest its resistance level of $0.920. Conversely, if the bearish sentiment intensifies, this altcoin might retest its lows of $0.380.
