Are These Ethereum-Based Altcoins Poised for Double-D Growth?

The cryptocurrency market has added over $240 billion to its global valuation in the past seven days, highlighting a growing bullish sentiment in the cryptocurrency space. Furthermore, with growing speculations about the listing of EthereumETF, the price of ETH has recovered the $3.4K milestone.

With this top, Ethereum-based altcoins have gained significant momentum and added tremendous value to their portfolios in a short period of time. Are you thinking of investing in ETH-based tokens?

Dive into this article and learn about the current market sentiments, price action, and possible short-term price targets of the Mantra (OM) and JasmyCoin (JASMY) crypto tokens.

Mantra (OM) price hits new all-time high:

OM price successfully recorded a new all-time high (ATH) of $1.33 during the yearly Asian trading hours. Positively, the altcoin is up 16.52% in the past day and 40.57% in the past week. Also, with a 69.38% increase in 30 days, it has recorded a YTD return of +2,148.98%.

TradingView: OM/USDT

The Moving Average Convergence Divergence (MACD) has shown a steady increase in the green histogram with its averages recording a massive increase in its price chart since the beginning of the month. This indicates a bullish outlook for Mantra price in the cryptocurrency market.

If the cryptocurrency market continues to trade under a bullish sentiment, Mantra price will rise and record a new high soon. However, if investors start booking profits, OM price will fall towards its lower support level of $1,050.

Jasmy coin price is on the verge of a major breakthrough:

With the growing bullish sentiment in the cryptocurrency market, JASMY price jumped 11.15% in the past day with a trading volume of $223.341 million. Despite seeing a correction of 17.80%, Jasmy coin secured the 59th position with a market cap of $1.457 billion.

TradingView: JASMY/USDT

The SMA indicator is acting as a support to the price chart in the 1D time frame. However, the RSI has seen a sharp pullback towards the midpoint. This highlights mixed sentiment in the cryptocurrency space.

If the market pushes JasmyCoin price above its resistance level of $0.03150, bulls will continue to trade under positive influence and will prepare to test its upper resistance level of $0.03850. On the contrary, if bears dominate the market, it will retest its low of $0.02450.

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