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Big name cryptocurrencies often get the spotlight, but smaller coins could soon be the center of attention. Some low-priced cryptocurrencies are on the verge of remarkable growth and are worth keeping an eye on. In this article, we will look at which of these under-the-radar tokens are seeing significant gains and could become the next big thing in the market. Read on to discover some potential hidden gems.
The Pyth Network's Difficulty: Bears Are Dominating, Bulls Are Nowhere to Be Seen
The Pyth Network (PYTH) cryptocurrency is currently struggling with its price hovering between $0.28 and $0.34. The bearish trend is dominant, with a drop of over 16% in the past week and over 23% in the past month indicating a weak bullish trend. The nearest resistance level is $0.37, while the strongest support level is $0.25. In a potential growth scenario, a break above $0.37 could push PYTH to $0.43, up around 20%. However, the current RSI and MACD indicators are reflecting sustained bearish pressure, suggesting that there is more trouble ahead before a significant bounce.
Uniswap (UNI) Struggles in Downtrend: Will the Uptrend Return Soon?
The price of Uniswap is moving between $6.04 and $7.22, indicating a bearish trend. The coin is down about 13% in the past week and over 15% in the month. With the RSI approaching 69, the bulls are showing some strength but are facing resistance at $7.81. A break above this could see UNI rally to $8.99, which would represent a potential 48% upside from the lower range. However, a drop to the support levels of $5.45 or even $4.27 could see the current downtrend continue. Potential growth depends on breaking key resistance levels in the coming days.
Jupiter (JUP) is struggling amid weak bullish momentum.
Jupiter (JUP) is currently trading between $0.77 and $0.98 and is showing signs of weak bullish momentum as the price has recently fallen by 15% in a week and over 25% in a month. The coin is facing resistance at $1.06 and support at $0.65. The 10-day and 100-day moving averages are close to the current price, showing limited upside potential for JUP. The RSI and Stochastic values suggest bearish conditions, but a break above $1.06 could push the price towards the next resistance level at $1.27, offering a potential upside of around 32%. However, a break below $0.65 would increase the risk of a fall towards the second support level at $0.45.
conclusion
During the bull market of 2024, the focus shifts to promising low-cap cryptocurrencies. Zilliqa shows strong potential with its innovative solution. VeChain stands out with its unique use case in supply chain management. Elrond offers impressive technology aimed at speed and efficiency. Hedera Hashgraph shines with its different approach to blockchain technology. Band Protocol excels at providing reliable data for smart contracts. These coins are expected to see significant growth as interest increases.
Disclaimer: This is a sponsored press release and is provided for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.
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