The cryptocurrency market recorded a 3.72% decrease in value over the past day, from $2.42 trillion to $2.30 billion, a decrease of about $120 billion. Furthermore, leading tokens such as Bitcoin and Ethereum fell 3.85% and 8.86% during this period.
Are you planning to invest in mid-cap altcoins to maximize your profits during the upcoming crypto bull run? Look no further, in this article, we have mentioned the top 3 altcoins that have the potential to record massive price increases in the near future.
$FLOW :
Despite increased price volatility in the cryptocurrency market, Flow price has recorded an increase of around 1% over the past day and 3.12% over the past week. Furthermore, it formed an ascending channel pattern and continued to trade within it since the month started.
Trading view: FLOW/USDT
The RSI technical indicator shows a sharp decline towards the midpoint in the 1D timeframe. However, it is on track to test the average trendline, suggesting a high likelihood of recovery in the near term.
If the market continues to trade with a bullish sentiment, Flow price will prepare to test the resistance level at $0.710. Conversely, if the bears overwhelm the bulls, the Flow cryptocurrency will break its channel pattern and plunge to as low as $0.475.
$JUP :
Amid increased price volatility, Jupiter price recorded a 4.42% correction over the past day with a trading volume of $158.26 million. However, the JUP price has increased by 21.09% in the past 30 days, showing a long-term bullish effect.
Trading mode: JUP/USDT
Moving Average Convergence Divergence (MACD) has recorded a persistent decline in the green histogram, highlighting the growing bearish influence in the crypto space. Furthermore, the moving averages show a high possibility of bearish convergence on the 1D timeframe.
If the bulls regain momentum, JUP price will prepare to test resistance above $1.4950 in the near term. However, if the bears overwhelm the bulls, the altcoin will drop to the critical support at $0.540.
$PYTH :
Over the past 24 hours, Pyth price recorded a 3.32% decrease in valuation with a trading volume of $100.32 million, a change of +78.51%. However, it is up 4.78% over the past 30 days and has a YTD return of 6.012%.
Trading mode: PYTH/USDT
The RSI successfully retested its midpoint, showing that positive sentiment in the cryptocurrency market is increasing. Furthermore, the Simple Moving Average (SMA) is on track to record bullish convergence, indicating a positive outlook in the near term.
If the market regains momentum, PYTH price will head towards the overhead resistance at $0.5430. Conversely, if the bears regain momentum, the Pyth coin price will drop to the critical support at $0.250.
This is not investment advice, this is good advice
