The cryptocurrency market has recently experienced a shift from a bearish sentiment to a bullish recovery, with a current valuation of $2.11 Trillion and a 1.48% increase in the past 24 hours.
As a result of this positive momentum, mid-cap and low-cap altcoins are gaining attention within the crypto community, leading to significant uptrends in their portfolios.
In this article, we delve into the market sentiments, price actions, and potential price targets of the top 3 altcoins poised for a substantial surge in the near future.
Syscoin (SYS) Price Action
Syscoin has seen a remarkable 30% surge in price over the past day, accompanied by a trading volume of $46.62 Million, marking a 1,066% increase. Additionally, it has gained 36.38% in the last week, signaling a bullish trend.
The MACD indicator shows a consistent green histogram, indicating increased buying pressure, while the SMA indicator displays a positive curve, suggesting continued price appreciation for SYS.
If the bullish momentum persists, Syscoin’s price is likely to reach $0.1630 in the coming weeks. Conversely, a bearish scenario could see the altcoin retesting its support level at $0.0670.
Beldex (BDX) Price Action
Despite a minor correction of 2% in the last day, Beldex has witnessed a 3% increase in the past week and a notable 16.89% rise in the last 30 days. Its year-to-date return stands at 18.76%, rewarding long-term investors.
The RSI remains near the overbought range, indicating heightened price volatility, while the average trendline signals a bearish crossover, hinting at uncertainty in future price movements.
A potential bullish scenario could see Beldex testing its resistance level at $0.0650, whereas a bearish trend might push the price down to $0.04320.
Liquity (LQTY) Price Action
Liquity has surged over 7% in the past day, boasting a trading volume of $17.063 Million. With a market capitalization of $60.164 Million, it currently ranks 444th in the global crypto market.
The SMA is on the brink of a bullish convergence, signaling a positive trend, while the MACD remains flat with neutral averages, reflecting a mixed sentiment in the market.
Sustaining a bullish trajectory could propel Liquity towards its resistance level of $1.20. Alternatively, a lack of momentum may keep the price near its support level at $0.560.
