These Altcoins To Ignite The Upcoming AltSeason?

The post These Altcoins To Ignite The Upcoming AltSeason? appeared first on Coinpedia Fintech News

As the Ethereum price continues hovering close to its $2,500 mark, top altcoins continue stumbling, highlighting a weak bullish sentiment in the crypto space. Positively, investors consider this to be an excellent opportunity to buy altcoins at a discounted price.

Scroll down as, in this article, we have given a detailed description of the market sentiments, price analysis, and possible short-term price targets of the top 3 altcoins that have the potential to record a massive uptrend in their respective portfolios.

Stacks (STX) Price Action

The STX price has successfully regained momentum after trading under a bearish sentiment for a brief period. Moreover, with a trading volume of $79.179 Million, this altcoin has jumped 1.36% over the past day and has secured the 34th position in the global crypto list.

TradingView: STX/USDT

The Simple Moving Average (SMA) constantly acts as a support to the STX price chart in the 1D time frame, suggesting a rising bullish sentiment for the altcoin in the market. However, the MACD shows a constant flatline with its averages showing a bullish convergence. This highlights a mixed sentiment.

If the market regains momentum, the Stacks price will surpass its resistance level and head toward its upper level of $2.135. Conversely, if the bears overpowered the bulls, the altcoin will retest its crucial support level of $1.265.

Uniswap (UNI) Price Action

Despite increased selling pressure, the Uniswap price has jumped approximately 2% within the past day and over 5% during the last seven days. Moreover, this altcoin has been trading in a consolidated range between $5.350 and $6.920 since the month started, suggesting a weak bullpower.

TradingView: UNI/USDT

The Relative Strength Index (RSI) has displayed a constant rise toward the neutral point, indicating increased buying pressure for the UNI coin in the crypto space. Further, with a bullish action in its average trendline, it highlights a positive outlook in the coming time.

Maintaining the price above its resistance level of $6.920 will set the stage for the Uniswap price to test its upper high of $8.40. However, if the bears regain power, this altcoin will retest its low of $2.350 this month.

Bittensor (TAO) Price Action

The Bittensor price recorded a strong bullish price action for the first quarter, resulting in a yearly high of around $800. However, since then, it has constantly traded under a bearish sentiment and has leveled all its annual gains.

TradingView: TAO/USDT

The Moving Average Convergence Divergence (MACD) shows a constant flatline with its averages recording a similar action. Moreover, the SMA indicator has recorded a bearish convergence, suggesting a weak price action for the altcoin in the market.

With a bullish trend reversal, the TAO price could retest its resistance level of $326. Negatively, if the bears dominate the market, this altcoin will plunge toward its crucial low of $212 in the coming time.