Altcoins
Major Mid-Cap Altcoins to See 100% Gains in Q3!
The cryptocurrency market has seen a significant uptrend in its valuation following the price of Bitcoin reclaiming the $57K milestone. Additionally, major altcoins have shown a similar trend adding significant value to their respective portfolios.
On the other hand, memecoins and mid- and small-cap altcoins have seen the biggest gains, making this an excellent opportunity to buy top cryptocurrency tokens at a steep discount.
Scroll down because in this article we have covered the top 4 mid-cap altcoins that have the potential to rally up to 100% by the end of Q3 2024.
Polygon (MATIC):
Amid increasing price volatility in the cryptocurrency space, MATIC Price has lost 1.34% in the last 24 hours with a trading volume of $258.41 million, a change of less than 1%. Furthermore, this Ethereum-based altcoin has fallen by 11.82% in the previous week and by 23.57% in the last month.
TradingView: MATIC/USDT
The technical indicator, RSI, is showing a significant increase above its oversold range, indicating increased buying and selling pressure in the cryptocurrency space. Additionally, the average trendline has recorded a bullish crossover, suggesting that the altcoin will continue to gain value in the near future.
If the market holds the Price of the polygon above its crucial support level of $0.50, the bulls will regain momentum and prepare to test its upper resistance level of $0.690. On the contrary, if the bears regain momentum, MATIC coin price will plummet towards its low of $0.3250.
Cloak (MNT):
Despite having seen a jump of around 2% in the past day, Mantle price has lost 14.46% in the past week and has plunged 28.07% in the previous month. The altcoin is currently trading at a discount of 55.41% from its ATH, highlighting a high possibility of a bullish rally.
TradingView: MNT/USDT
The Moving Average Convergence Divergence (MACD) shows a steady decline in the red histogram, highlighting an increase in bullish sentiment for MNT price. Additionally, the averages show a potential bullish convergence in the 1D time frame, suggesting a positive outlook.
If the cryptocurrency market continues to trade under a bullish sentiment, MNT coin price will prepare to test its upper resistance of $0.860. However, if the bears overpower the bulls, Mantle price will test its low of $0.5773.
Referee (ARB):
With growing uncertainty in the cryptocurrency market, Arbitration price has shown a neutral price action in the last 24 hours and 13.20% in the last seven days. Furthermore, ARB cryptocurrency has fallen by 30.63% in the last 30 days and has a YTD return of 56.54%.
TradingView: ARB/USDT
The Relative Strength Index (RSI) continues to hover near its oversold range, indicating weak price action for the Arbitrum cryptocurrency in the market. Furthermore, the average is showing a steady downtrend, suggesting bearish price sentiment.
Let’s assume that the ARB Price regains momentum, in which case, this altcoin will head towards its upper resistance level of $1.03. On the negative side, if bears continue to dominate the market, Arbitrum token will plummet towards its crucial support level of $0.60.
ImmutableX (IMX):
THE ImmutableX Price continues to trade under bearish sentiment by recording a correction of 1.59% in the last day with a trading volume of $55.57 million. Furthermore, IMX price has plummeted by 23.47% in the last week and 36.92% in the last 30 days.
TradingView: IMX/USDT
The technical indicator, MACD, has been recording a steady decline in the red histogram, indicating an increase in buying pressure within the cryptocurrency market. Additionally, the averages are showing a bullish convergence in its price chart, suggesting that IMX Price will continue to gain value this week.
If the market continues to trade under a bullish sentiment, ImmutableX price will prepare to test its upper resistance level of $1.9250. On the contrary, if the bulls fail to maintain the momentum, IMX coin price will plummet towards its low of $1.
Read also: Top Altcoins Are Ready for a New ATH