Ethereum-based Altcoins For 100% Upside This Bull Market!
The post Ethereum-based Altcoins For 100% Upside This Bull Market! appeared first on Coinpedia Fintech News
The market leader, Bitcoin price has recorded a correction of over 2% within the past day. On the other hand, the altcoin leader, Ethereum price has displayed a positive price action by adding approximately 0.10% with a trading volume of $15.304 Billion.
However, top ETH-based tokens have displayed a strong bullish price action in their respective portfolios over the past 24 hours, indicating a rising interest of investors toward these altcoins.
Let’s go as, in this article, we have covered the top 3 Ethereum-based altcoins that have the potential to record a surge of up to 100% during the upcoming months.
Injective (INJ) Price Action:
With the increasingly bullish sentiment within the crypto space, the Injective price has recorded a jump of 2.12% within the past day with a trading volume of $133.51 Million. Furthermore, it has surged 33.36% within the past week and 24.21% over the past 30 days.
Moreover, the INJ price has been constantly trading within a descending channel pattern in the 1D time frame since mid-April.
The EMA 50/200-day and Moving Average Convergence Divergence (MACD) indicators have each displayed a constant rise in the bullish sentiment, indicating a positive outlook for the Injective price during the upcoming weeks.
If the market continues to trade under a bullish influence, the Injective crypto will prepare to test its resistance trendline of the channel pattern. Conversely, bearish price action could pull the Injective coin price toward its lower support level of $22.05.
Beam (BEAM) Price Action:
Despite recording a correction of 4.19% within the past day, the Beam price has added 22.36% over the past week. Moreover, with a market capitalization of $876.724 Million, this altcoin has secured the 76th position in the global crypto list.
The Relative Strength Index (RSI) continues hovering close to its mid-point with its average trendline displaying a bullish action. Moreover, the SMA indicator constantly acts as a support to the price chart in the 1D time frame. This highlights increased positive influence for the BEAM price.
If the bears dominate the crypto market, the Beam coin price will retest its crucial support level of $0.0135. However, if the bulls regain momentum, the BEAM price will head toward its upper resistance level of $0.0289 in the coming time.
Ethena (ENA) Price Action:
With a drop of approximately 1% within the past day, the Ethena price continues hovering close to its important resistance level of $0.525. Furthermore, with a market cap of $793.138 Million, the ENA price is currently listed at 84th position.
The RSI indicator continues hovering close to its neutral point in the 1D time frame. Further, the MACD has recorded a constant green histogram with its averages displaying a bullish pattern. This indicates increased buying pressure for the ENA crypto in the market.
If the market pushes the ENA price above its resistance level of $0.525, the bulls will regain momentum and prepare to test its upper resistance level of $0.750 this month. However, bearish price action could result in this altcoin testing its low of $0.30.
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