The cryptocurrency industry continues to trade under a strong bullish influence indicating a rise in the investor’s interest toward these altcoins. Further, the month of March has started with a strong bullish sentiment, indicating a positive outlook for the upcoming weeks.
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This article consists of the top 4 altcoins that have the potential to record a jump of 100% to their respective portfolios over a short time frame based on their historic price sentiments.
Pepe (PEPE):
The PEPE price traded in a closed range between $0.00000085 and $0.00000200 for a brief period, indicating weak buying and selling pressure for the token in the market. As the market volatility grew, the bulls regained momentum and recorded a jump of 125% in valuation.
After trading sideways for a while, the bulls recorded a jump of approximately 99% in value. Following this, the price faced rejection at $0.00000785, it traded sideways for the next four days. Since then, the price has been trading under a bullish influence.
The Moving Average Convergence Divergence (MACD) displays a decline in the green histogram, indicating weak buying and selling pressure in the crypto industry. Further, the average shows a bearish curve, suggesting a mixed sentiment in the crypto market.
If the market pushes the price above the resistance level of $0.000010, the bulls will continue to gain momentum and test its upper level of $0.0000160 in the coming time. Conversely, a bearish trend reversal may pull the price toward its lower support level of $0.00000755.
Baby Doge Coin (BabyDoge):
The Baby Doge Coin price traded in a narrow space between $0.00000000111 and $0.00000000136 for over two weeks, highlighting weak buying and selling pressure for the coin in the market. Following this, the bulls gained just enough momentum to break out of the resistance level where it displayed a neutral trend for the next few days.
As the market volatility grew, the bulls regained momentum and recorded a jump of 50.40% in valuation, after which the price traded in a closed range between $0.00000000182 and $0.00000000261 for the next six days. Since then, the price has been trading under a bullish influence.
The technical indicator, MACD, displays a constant rise in the histogram, indicating an increase in the buying pressure within the market. Moreover, the averages show a significant uptrend, suggesting a positive price action in the coming time.
If the market pushes the price above the resistance level of $0.000000003350, the bulls will continue to gain momentum and prepare to test its upper resistance level of $0.0000000050 during the upcoming week. Negatively, if the bears gain control over the market, the BabyDoge price will fall and test its lower support level of $0.00000000182.
Meme Ai (MEMEAI):
The MEMEAI token price traded sideways for a brief period, after which the bulls recorded a jump of approximately 1,170% in valuation. Following this, the memecoin displayed a neutral trend for a while, indicating a cool-off in the price action.
As the market regained momentum, the Meme Ai price recorded a jump of 490%, highlighting a massive bullish price action in the market. After facing rejection at $0.038695, the bulls lost momentum and experienced a correction of 43.62% in valuation. Since then, the price has been trading sideways.
The MACD shows a strong green histogram, indicating an ongoing massive price action in the crypto industry. Further, the averages show a significant rise, highlighting a positive price sentiment for this altcoin in the coming time.
If the market pushes the price above the resistance level of $0.0300, the bulls will regain momentum and attempt to test its upper resistance level of $0.050. Conversely, if the bears overpowered the bulls, the price would lose momentum and prepare to test its lower support level of $0.0125.
Floki (FLOKI):
The memecoin followed the trend and displayed a neutral trend by trading sideways for a brief period. Following this, the bulls recorded a jump of over 150% in valuation, resulting in it breaking out of the resistance level. The bulls continued to gain momentum, and the Floki price jumped 160% in value.
Aftrading sideways for five days, the bulls regained momentum, and since then, the price has been trading positively and has added over 112%. Positively, the Cross EMA 50/200-day acts as a support to the price chart, suggesting a bullish sentiment in the industry.
The technical indicator, MACD, displays a constant green histogram, highlighting an increased buying-over-selling pressure in the crypto industry. Moreover, the averages show a rising pattern, suggesting a positive price action for the coin in the coming time.
If the market holds the price above the support level of $0.000232, the bulls will regain momentum and prepare to test its upper resistance level of $0.000400. Conversely, if a trend reversal occurs, the price will lose momentum and prepare to test its lower support level of $0.000160.
Conclusion:
The crypto industry continues to trade under a strong bullish influence, indicating a rise in the inflow of investors in the market. Further, with the price of Bitcoin achieving a new all-time high, the industry is expected to record significant price action in the coming week.
Note: This article was made for only research purposes and is not a piece of financial advice in any manner. Further, these tokens were picked on the basics of their historic market sentiments and were not selected for promotion in any manner.
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Altcoins Price Analysis
