With Bitcoin price holding its $69k mark and Ethereum price reclaiming the $2,700 mark, the altcoin market has recorded a strong bullish recovery. Further, the investors speculate this to be the beginning of the prolonged Altcoin market!
Planning on investing in mid-cap altcoins this AltSeason but concerned about its prospects? In this article, we have covered the top 5 altcoins that have the potential to dominate the crypto space this Q4!
Apecoin (APE)
With a jump of ~30%, the Apecoin price has secured the position of the top gainer among the top 100 cryptocurrencies. Notably, the altcoin is presently trading at a discount of ~46% from its yearly high. This indicates a high possibility of a bullish reversal.
The MACD indicator has displayed a significant uptrend in the green histogram in the 1D time frame. Further, with its SMA supporting the price trend, the APE price hints at a bullish outlook this week.
Suppose the bullish sentiment sustains. This could result in the Apecoin price heading toward its upper resistance level of $2.075. On the flip side, a bearish reversal could pull the price toward its low of $1.0.
Also, read our Apecoin Price Prediction for long-term price targets
Arbitrum (ARB)
Amid increased price volatility, the ARB price has reclaimed the $0.60 mark with a jump of 9.84% in the past 24 hours with a trading volume of $308.66 million. With a market cap of $2.42 Billion, it has secured 39th position.
The EMA 50-day has experienced a bullish convergence in the Arbitrum price chart. Moreover, the RSI indicator has displayed a sharp rise toward the overbought range, suggesting increased positive influence.
If the market favors the bulls, the ARB price will break out of its important resistance level and head toward its upper high of $1.070. Conversely, a bearish action could result in it retesting its low of $0.3575.
Jupiter (JUP)
After trading under a consolidated range for a brief period, the Jupiter price has jumped 10.68%. With this, it has successfully achieved its August high of above the $1 mark during the early Asian trading hours.
The Moving Average Convergence Divergence (MACD) shows a constant rise in the green histogram with its averages displaying a rising pattern. This highlights that the JUP price may continue gaining value this week.
If the bulls dominate the crypto market, the Jupiter price may retest its resistance level of $1.160. On the flip side, if the bears regain momentum, the JUP coin price could plunge toward its support of $0.8445.
Dydx (Native) DYDX
Amid increased volatility in the crypto market, the DYDX price has experienced a surge of 2,380% in its daily trading volume. Moreover, with a jump of 28.41%, it has a market capitalization of $800.03 million.
The Relative Strength Index (RSI) has breached the overbought range and continues trading above it in the 1D time frame. With increasing bullish sentiment, the DYDX price may continue gaining value.
The DYDX price may break out of its resistance level and head toward its upper high of $2.24 if the bullish sentiment sustains. On the contrary, if the bears outrun the bulls, the altcoin may retest its low of $0.8350.
Mina (MINA)
After trading under a consolidated range since June, the MINA price has successfully regained momentum and is presently testing for a breakout from its resistance level at $0.650.
The Simple Moving Average (SMA) constantly supports the MINA price chart in the 1D time frame. Moreover, the MACD shows an increase in bullish sentiment, indicating increased buying-over-selling pressure.
Maintaining the value above its support level of $0.650 will set the stage for the Mina coin to retest its resistance level of $0.920. Conversely, if the bearish sentiment intensifies, this altcoin can retest its low of $0.380.
Note: The price volatility in the crypto market is on a constant rise. This makes investing in these digital assets highly risky. Make sure to “DYOR” and avoid investing in “Pump-and-Dump” schemes.
