There are 5 altcoins that give bullish signals in our news now. Investors especially follow cryptos that give such signals. Let’s see what cryptocurrencies there are.
5 altcoins on the radar
As the first altcoin, there is the native token of the Injective ecosystem, the altcoin INJ. It continued its upward momentum in the last period, registering an increase of 8.3% in the last 24 hours. According to data from CoinGecko, the token is worth $7.53 as of this writing.
However, a broader look at the market reveals that Injective price has been tied to the price range for the past few weeks. Since reaching its year high of $9.32, altcoin INJ price has mostly moved sideways despite being 19.2% off its 2023 high. In volatile market conditions, it is quite difficult to determine which general trend is forming. The indicators on the chain seem to be quite unstable at the moment. The token is recovering at the $6 price point, which is acting as a support zone.
Altcoin Kaspa named top performing player
Recently, the Kaspa team announced an important new feature that will go live on the KAS testnet. The 10BPS specification promises to deliver “unmatched” transaction speeds of up to 10,000 transactions per second (TPS). This is a huge improvement over the current transaction speeds of other major cryptocurrencies like Bitcoin and Ethereum. It also often reveals only a fraction of that yield. According to the announcement, the 10BPS feature is currently stress-tested on the KAS testnet. Here crypto is breaking new records for BPS.
This significant leap in transaction speed will change the game for the Kaspa protocol, which is trying to gain more market share from established Layer 1 protocols such as Ethereum, Cardano, and Solana. In addition to the 10BPS feature, Kaspa blockchain offers other impressive features that make it an attractive choice for developers and users alike. One of the key features of Kaspa blockchain is its scalability. The protocol is designed to support high throughput. It also makes it well-suited for use cases that require fast and efficient processing.
The uptrend of AAVE
Altcoin AAVE started last week by trading around $50.99. It had a steady rise throughout the week. It closed the week with a price of $ 56.86. However, the AAVE coin experienced a massive spike in its price on June 25. The token has risen as high as $75.06 for the first time since last month. The level of ascension was 32%.
The token has since fallen from this price level. Also, altcoin AAVE seems to have found some stability. Accordingly, he is preparing for another breakout. At the time of this writing, AAVE is changing hands at $65.4, up 0.67% in the past hour. Meanwhile, the daily trading volume of the token has increased by 1.85% in the last 24 hours, reaching $406 million.
Latest status of altcoin NEAR
Altcoin NEAR price dropped to a year-low $1.14 on June 10. This seems to have caused a crash initially. Also, NEAR jumped right after. It also recovered, confirming the $1.20 horizontal area as support. Therefore, the previous drop is just a deviation. This is considered bullish price action as sellers are unable to sustain the decline. Accordingly, buyers took over and pushed the price upwards.
Price action also formed a double bottom, which is considered a bullish pattern. When followed by a downward move, it usually causes an uptrend reversal. Moreover, the weekly RSI is showing a bullish trend. A bullish divergence occurs when a price drop is accompanied by a surge of momentum. It is a rare occurrence on the weekly timeframe and often causes an uptrend reversal. In fact, this is the first time such a divergence has occurred in altcoin NEAR’s price history. This is in line with the existence of a double bottom formation.
Historical activity spikes and price jumps for XRP
Recent data from the Santiment platform reveals a notable increase in network activity between XRP addresses. This pattern is in line with previous examples where such activity precedes price increases. Analyst Ali Martinez points to a possible uptrend for XRP, highlighting the potential for history to repeat itself. Currently, XRP is trading at $0.4794, down 1.12% in the last 24 hours and 1.23% in the previous seven days. It did, however, post a gain of 1.37% last month. These numbers highlight the ongoing volatility in the cryptocurrency market and the need for careful analysis.
When we look at cryptokoin.com, crypto analyst Mags, known as Thescalpingpro, observed a “clean install” for XRP. It suggested a potential price target at $0.68 and beyond if it manages to break the critical resistance level at $0.55. This assessment points to a positive outlook for XRP’s price trajectory if key resistance levels are breached.
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