Altcoins
Get Ready for the August Altcoin Rally: All the Key Details
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The cryptocurrency market is calm ahead of what many predict will be a significant bull run. Altcoins are currently at a promising entry point, but are already starting to rally. The atmosphere is ripe with anticipation, hinting at explosive growth just around the corner. Investors and enthusiasts are watching intently, eager to identify which altcoins are poised for substantial gains. In this article, all the key details about the potential altcoin rally in August will be revealed. Readers will find essential insights into which coins are poised to skyrocket, making it an intriguing read for anyone looking to capitalize on the upcoming market movements.
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Avalanche (AVAX) ready to bounce between bullish patterns
Avalanche (AVAX) is showing signs of resilience despite a challenging market. Its current price is trading between $24.84 and $27.65. Bulls are trying to break above the resistance at $28.94. If they succeed, $31.75 could be the next target, marking a potential 14% increase. Bears are facing weak support at $23.30, but strong support is found at $20.49. Positive moves in the MACD and recent bullish repeats of 2021 are giving hope. With a gain of 7.30% in the last week, another increase could be in sight, despite monthly and semi-annual downtrends. The coming weeks could be crucial for AVAX’s upward journey.
PEPE Ready to Grow Despite Recent Slump: Are Bulls Ready to Charge?
Pepe (PEPE) is trading between $0.00000795 and $0.00001026 after a notable 27.78% increase in the past week. The bulls are showing signs of strength, with resistance at $0.00001131 and support at $0.00000670. PEPE’s upside potential remains high, especially considering its massive 866.00% increase in six months. With the bullish patterns of 2021 emerging again, PEPE could target the next resistance at $0.00001362, offering a potential upside of around 45%.
Starknet (STRK) Shows Promise Despite Price Fluctuations
Starknet (STRK) has been through some turbulence, currently trading between $0.53 and $0.63. Despite a recent 3% decline last week and a more significant 37% decline last month, the token has shown significant growth in six months, rising by 190%. Bulls seem weak for the time being, but optimism remains high. If STRK can break above the $0.67 resistance level, it can potentially rally to $0.78, which would represent a roughly 40% increase from its current range. With moving averages showing support and some positive indicators from past patterns, Starknet’s upside potential remains strong.
Polkadot Upside Potential: Are Bears Losing Ground?
Polkadot (DOT) is currently trading between $5.85 and $6.65. The nearest resistance is at $6.98. The latest data is showing bullish signals with a 1-week price increase of almost 5%. Despite a 15% decline in the past six months, the coin’s movement suggests a potential breakout. If DOT manages to break its first resistance, it could aim for $7.77. This would mean a gain of around 40% from the lower end of its current range. With RSI at 33.88 and Stochastic at 17.47, DOT is in the oversold zone, suggesting room for an upside move. Bulls might start overpowering bears soon.
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