After trading under a bearish sentiment for a brief period, the cryptocurrency market has recorded a significant bullish price action over the past week. Following this, the top tokens have successfully surpassed their important levels.
On the other hand, altcoins have experienced a massive uptrend with many tokens recording a three-digit surge during this time. Questions like “Is this the right time to invest?” and “When will the crypto bull run begin?” are on a constant rise.
Scroll down as, in this article, we have covered the top 3 altcoins that have the potential to record a massive uptrend in their respective valuation during the upcoming week.
Pepe Memecoin Tests Its Important Resistance Level
With the rising bullish sentiment in the crypto market, the Pepe price has jumped 14.89% in the past day with a trading volume of $1.020 billion, a change of 117.71%. Moreover, it has added 27.13% over the past week. Notably, it has secured the 25th position with a market cap of $3.85 billion.
The technical indicator, MACD records a constant rise in the green histogram with its averages experiencing a significant rise. This suggests an increase in the buying-over-selling pressure in the crypto space. Moreover, the SMA supports the price chart, suggesting a positive outlook in the coming time.
If the market holds the Pepe price above the support level of $0.00000880, the bulls will prepare to head toward its upper resistance level of $0.00001150. Conversely, a bearish reversal could pull the price toward its low of $0.00000625.
FET Price Records Intensified Bullish Action
The FET price has continued displaying a bullish price action by jumping 19.15% within 24 hours and 54.36% over the past week. Moreover, it has added 7.43% during the past month and has a Year-to-Date (YTD) return of +42.94%.
The EMA 50-day has displayed a bullish convergence in the 1D time frame. On the other hand, the RSI indicator has recorded a sharp rise toward the overbought range. This indicates that the Artificial Superintelligence Alliance price will continue gaining value in the coming time.
If the bulls continue to dominate the crypto market, the FET price will prepare to test its resistance level of $1.650 during the upcoming week. On the flip side, if the bulls lose momentum, the altcoin could plunge toward its low of $0.50.
Gala Price Holds Its Value Above The $0.02075 Mark!
With a jump of 6.75%, the Gala token has successfully held its value above the $0.20 level. Moreover, it has surged 35.12% over the past week and has secured the 87th position with a market capitalization of $738.63 million.
The Moving Average Convergence Divergence (MACD) continues to display a constant rise in the histogram. Further, the Simple Moving Average (SMA) constantly supports the price chart in the 1D time frame. This indicates a bullish outlook for the altcoin during the upcoming time.Maintaining the price above its support level of $0.02075 will set the stage for the Gala price to test its upper resistance level of $0.02860. On the flip side, if the bears regain power, the altcoin will plunge toward its low of $0.01375.
