Altcoins Likely to Return to Previous Highs
The following cryptocurrencies are currently trading in the bullish trend zone. Let’s take a look at a few of these virtual currencies.
Manta Network
Manta Network (MANTA) is experiencing an uptrend with increasing bullish momentum. The altcoin is being driven by buyers to retest its previous high of $6.29. Currently, it has reached a high of $3.52, but further rejection is expected as it approaches its previous high. MANTA is the best performing cryptocurrency and has the following advantages:
Current price: $3.52
Market capitalization: $3,514,942,318
Trading volume: $421,066,064
7-day gain: 34.08%
Sui
The price of Sui (SUI) has returned to an uptrend and surpassed its previous high of $1.10 before retracing. It has been stuck at the $1.50 resistance level since January 15 and is currently reaching the overbought zone of the market. If the resistance level is broken, SUI could reach a high of $2.54. It is the second best performing cryptocurrency and has the following characteristics:
Current price: $1.41
Market capitalization: $14,067,746,772
Trading volume: $471,323,963
7-day gain: 33.55%
Conflux
Conflux (CFX) is in an uptrend and approaching its previous high of $0.48 after breaking through the $0.22 resistance level. It is likely to encounter further resistance at $0.26 and $0.32 if the market continues to rise. CFX is the third best performing coin and has the following characteristics:
Current price: $0.2427
Market capitalization: $1,198,821,784
Trading volume: $121,686,157
7-day gain: 30.03%
Helium
The price of Helium (HNT) is rising but remains below the $10 mark. It has been unable to break through the resistance level and is currently trading sideways. However, if the current resistance is broken, HNT could rise much higher to $17.87. It is currently worth $7.98 and is the fourth most valuable coin with the following characteristics:
Current price: $7.99
Market capitalization: $1,783,498,550
Trading volume: $13,794,664
7-day gain: 17.49%
Internet Computer
The price of Internet Computer (ICP) is rising as it recovers from a previous downtrend. Buyers are pushing the altcoin above the moving average lines after it had previously fallen below them. ICP is currently trading at $12.31 and may continue to rise if it retraces above the 21-day simple moving average. It is the fifth best performing cryptocurrency and has the following characteristics:
Current price: $12.28
Market capitalization: $6,304,211,735
Trading volume: $97,734,742
7-day gain: 11.07%
Hot Take: Altcoins Show Bullish Momentum
These altcoins are showing bullish momentum and have the potential to return to their previous highs. Manta Network, Sui, Conflux, Helium, and Internet Computer are all experiencing uptrends and have positive characteristics such as high market capitalizations, trading volumes, and 7-day gains. If the resistance levels are broken, these altcoins could see significant increases in price. Keep an eye on these cryptocurrencies as they continue to perform well in the market.
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