Date: Thu, August 01, 2024, 12:23 AM GMT
As we enters into this month, the crypto market is going through a minor bearish patch. Meanwhile Chart analysis indicates that top altcoins, especially KAS and XRP, are poised for significant gains. Let's break down the trends and potential price movements for these tokens.
1) Kaspa $KAS
Kaspa has been on a steady upward trajectory as it made it's all time high of $0.2075 yesterday. Recent chart patterns show a strong green candles after the broke out from major resistance level at $0.1941, suggesting that the price could break out to new highs. Key support levels have been holding firm, and the volume profile indicates increasing buying interest. If KAS maintains this momentum, we could see it reaching new resistance levels, making it a top contender for gains this month.
2) XRP $XRP
XRP has been attracting attention with its impressive gains as it's up by 27.15% in last 30 days. The charts reveal a classic symmetrical tringle, which typically precedes a significant price surge. If it breaks through the resistance line, we could witness a substantial rally..
Stay tuned and keep an eye on these cryptocurrencies as they have the potential to perform well in the coming days.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are highly volatile and carry significant risk. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.
