Big-name cryptocurrencies often grab the spotlight, but smaller coins may soon take center stage. Some low-cap cryptos are poised for remarkable growth, making them ones to watch closely. This article explores which of these under-the-radar tokens could see significant gains and become the next big thing in the market. Read on to discover the potential hidden gems.
Pyth Network Struggles: Bears Dominate, Bulls Nowhere to Be Seen
The Pyth Network (PYTH) cryptocurrency is struggling, with its current price hovering between $0.28 and $0.34. Bearish trends dominate, and recent price drops of over 16% in a week and 23% in a month show the weakness of bulls. The closest resistance level stands at $0.37 while strong support is found at $0.25. For a potential growth scenario, breaking past $0.37 could push PYTH towards $0.43, representing a rise of about 20%. However, the current RSI and MACD indicators reflect ongoing bearish pressure, suggesting more challenges ahead before any significant rebound.
Uniswap (UNI) Struggles Amid Bearish Trend: Will Bulls Rally Soon?
Uniswap’s price moves between $6.04 and $7.22, indicating a bearish trend. The coin has dropped around 13% in the past week and over 15% in a month. With the RSI at nearly 69, bulls show some strength but face resistance at $7.81. If they break this, UNI might rise to $8.99, a potential 48% increase from its lower range. However, a slide to the support level at $5.45 or even $4.27 could continue the current downtrend. Potential growth depends on breaking key resistance levels in the coming days.
Jupiter (JUP) Struggles Amid Weak Bullish Momentum
Jupiter (JUP) currently sits between $0.77 and $0.98, showing signs of weak bullish momentum as the price recently dropped by 15% in a week and over 25% in a month. The coin is facing resistance at $1.06 and support at $0.65. With its 10-day and 100-day moving averages close to the current price, JUP shows limited upward potential. RSI and Stochastic values suggest bearish conditions, but a breakout above $1.06 could push the price towards the next resistance at $1.27, a potential rise of around 32%. However, breaking below $0.65 increases the risk of falling to the second support level at $0.45.
Conclusion
During the bull run of 2024, the focus shifts to promising low-cap cryptos. Zilliqa shows strong potential with innovative solutions. VeChain stands out for its unique use-case in supply chain management. Elrond offers impressive tech aimed at speed and efficiency. Hedera Hashgraph shines with a different approach to blockchain technology. Band Protocol excels in providing reliable data for smart contracts. These coins are expected to see significant growth as interest rises.
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Source: https://cryptodaily.co.uk/2024/08/boost-your-portfolio-with-3-altcoin-gems-set-for-a-50x-surge