Terra Classic Price Shows Early Signs of Trend Reversal
In December, the price of Terra Classic experienced a significant correction, dropping by over 49% and struggling to stabilize. However, there are indications of a potential reversal in momentum, including a bullish reversal pattern and Binance’s LUNC burning mechanism.
The daily chart for Terra Classic reveals a falling wedge pattern, which often suggests a decrease in bearish momentum and a shift in market control. Several reversals at the trendlines of this pattern support this interpretation.
If the price breaks above the upper boundary of the pattern, it could see a 32% rise and target highs near $0.000193, $0.00021, and $0.00028.
Astar Price Set for 20% Upsurge
The Astar (ASTR) coin has been on an impressive bull run since late October, driven by a double-bottom pattern. It has seen significant growth, with the price increasing from $0.0385 to $0.1744.
On December 26th, the ASTR price broke out from the neckline resistance of the double-bottom pattern. Currently hovering around $0.17, increasing trading volume indicates a strong recovery trend.
The chart pattern suggests a potential 20% increase in the ASTR price, targeting $0.204. This scenario would diminish bearish influence and set up a new bull run for buyers.
IOTA Price Primed for Massive Breakout
In the daily time frame, the IOTA price chart shows a bullish Cup and Handle pattern, indicating a trend reversal and sustained accumulation among investors. Despite recent corrections, IOTA has maintained its position above $0.25.
If bullish momentum continues, the IOTA price could increase by an additional 24% and test the pattern’s neckline resistance at $0.37. A successful breach of this level could trigger a post-breakout rally with targets of $0.612 and $0.848.
A bullish crossover between the MACD and its signal line would further support the sentiment of recovery for IOTA.
Hot Take: Low-Cap Cryptocurrencies Hold High Potential for Investors
As the crypto market anticipates the potential approval of a Bitcoin spot ETF in 2024, investors are turning their attention to low-cap cryptocurrencies for exceptional returns. These hidden gems, often overshadowed by larger cryptocurrencies like Bitcoin and Ethereum, offer significant growth opportunities.
If you’re looking to diversify your portfolio with high-potential, low-cap cryptocurrencies in the coming year, Terra Classic, Astar, and IOTA are worth considering. These coins show early signs of trend reversals and potential for significant price increases. Conduct thorough research and analysis before making any investment decisions to maximize your chances of success.
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