Top Mid-cap Altcoins For 2x Surge Amid Crypto Market Recovery!
The post Top Mid-cap Altcoins For 2x Surge Amid Crypto Market Recovery! appeared first on Coinpedia Fintech News
With the price of Bitcoin reclaiming the $59,000 mark, the cryptocurrency market has recorded a significant jump in its global valuation. Moreover, top tokens have successfully retested their crucial support levels, resulting in a strong bullish bounce back.
On the other hand, the memecoins, mid-cap, and low-cap altcoins have experienced the highest gains, highlighting a rising interest of investors toward these crypto tokens to maximize their short-term gains.
Dive in as, in this article, we have covered the market sentiment, price analysis, and possible price targets of Sui (SUI), Fantom (FTM), and Jupiter (JUP) for the upcoming weeks.
Sui (SUI):
The SUI price has successfully retested its crucial support trendline in the 1D time frame. This has resulted in it recording a jump of approximately 11% within the past day. Further, the altcoin is also on the verge of breaking out of its descending channel pattern, suggesting increased positive influence.
The Relative Strength Index (RSI) has recorded a sharp uptrend toward its mid-point from the oversold range, indicating an increase in the buying pressure. Moreover, the average shows a bullish convergence, highlighting the SUI coin price will continue gaining value this week.
If the bulls continue to gain momentum, the Sui crypto will surpass its resistance level of $0.8925 and head toward its high of $1.1760. Conversely, if the bears regain momentum, the Sui token will plunge toward its low of $0.6125 this month.
Fantom (FTM):
Amid increased price volatility in the cross-border financial system, the FTM price has recorded a jump of approximately 10% within the past 24 hours with a trading volume of $158.158 Million, a change of +24.23%.
The technical indicator, MACD, has displayed a constant decline in the red histogram, highlighting increased price action in the crypto space. Furthermore, the averages have recorded a bullish convergence, suggesting a positive outlook for the Fantom price.
However, the Cross EMA 50/200-day has displayed a Death Cross in the 1D time frame, suggesting a mixed sentiment for the FTM coin price in the cryptocurrency market.
Suppose, the bulls continue to gain momentum, in that case, the Fantom crypto will prepare to test its upper resistance level of $0.680. However, if the market experiences a bearish reversal, the FTM token will plunge toward its important support level of $0.390.
Jupiter (JUP):
After recording a correction of approximately 4% within the past seven days and 18.90% over the past 30 days, the Jupiter price has added 3.28% to its portfolio within the past day with a trading volume of $109.81 Million. This highlights an increase in the bullish sentiment within the crypto space.
The RSI indicator approaches its mid-point in the 1D time frame, highlighting an increase in the bullish sentiment. Further, the SMA displays a positive crossover, highlighting that the JUP price will continue gaining momentum this week.
If the market pushes the Jupiter price above its resistance level of $0.8445, the bulls will prepare to test its upper high of $1.160 in the coming time. Negatively, if the bears overpowered the bulls, this altcoin would plunge toward its low of $0.540.
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