Following a strong rebound in the cryptocurrency market, major tokens have successfully broken through key resistance levels. Additionally, the leading market player, Bitcoin, has maintained its value above $64K, signaling a growing bullish presence in the industry.
Meanwhile, mid-cap and low-cap altcoins have captured the attention of investors, resulting in a 2X – 3X surge for many tokens over the past two weeks.
In this article, we delve into market sentiment, price action, and short-term price targets for the top 3 altcoins poised to potentially see a surge of up to 100% in the coming weeks.
Arcblock (ABT)
Recently, the Arcblock price saw a 25% jump in a single day with a trading volume of $3.819 million. Over the past week, it has surged by 48% and boasts a year-to-date return of 812.34%. With a market cap of $196.52 million, it currently holds the 235th position.
The Relative Strength Index (RSI) has surged towards the overbought range on the 1D time frame, while the average trendline indicates a bullish trajectory. This suggests that the ABT price is likely to continue its upward momentum in the near future.
Maintaining a price above the $2 support level could pave the way for Arcblock to challenge its upper resistance at $2.952. Conversely, a bearish reversal might see the price dip towards $1.345.
Solama (SOLAMA)
Built on the Solana ecosystem, SOLAMA positions itself as the Official “Unofficial” Solana Mascot. Drawing inspiration from Shiba Inu and the Ethereum Network, this project offers a unique take on the world of memes.
SOLAMA has witnessed a 6.18% increase in the past day and a 53.76% surge over the week. Despite a 20% correction in the last month, the SOLAMA price has skyrocketed by 3,215.94% since its inception.
Priced at $0.01345 with a circulating supply of 653,868,075 SOLAMA tokens, it currently ranks 1,056th in the global cryptocurrency market with a market cap of $8.796 million.
Popcat (SOL) POPCAT
Although experiencing a 3% correction, POPCAT has surged by 82.86% over the week and delivered a staggering 9,060.79% return to long-term investors. With a market cap of $727.87 million, this altcoin holds the 89th position.
The Moving Average Convergence Divergence (MACD) shows a consistent rise in the green histogram, indicating a strong buying pressure for POPCAT in the crypto market.
If the bullish sentiment persists, POPCAT could target its high of $0.99730. Conversely, a bearish scenario might push the memecoin towards its lower support level of $0.38805 in the weeks ahead.
