The crypto market continues to bleed, highlighting increased bearish pressure and selling pressure in the crypto sector. Additionally, major crypto tokens are approaching their crucial levels, indicating a massive correction in the space.
Positively, this provides investors with excellent buying opportunities to purchase these altcoins at a discounted price. In this article, we have covered the top altcoins that are currently priced below $1 but have the potential to see an increase of up to 10x in the coming month.
Siacoin (SC):
After showing a neutral trend for a while, SC price gained momentum and started trading under bullish influence. Siacoin added over 138% over the next nine days after which it was rejected at the $0.02244 resistance level.
After being rejected, the bulls experienced a trend reversal in the chart, which allowed Siacoin to increase all its gains thanks to the pump. Since then, SC coin price has been trading in a closed range and constantly fluctuating significantly.
The technical indicator, MACD, is displaying a steady green histogram, indicating increased buying-on-selling pressure in the crypto market. Additionally, the averages show bullish convergence, suggesting positive price action for the altcoin in the coming times.
If the market sustains the price above the $0.00908 resistance level, the bulls will regain momentum and prepare to test its higher level of $0.0155 in the coming month. Conversely, if the bulls fail to regain momentum, the price will fall to test its low of $0.00771.
ArbDoge AI (AIDOGE):
AIDOGE price traded in a closed range between $0.000000000161 and $0.000000000284 for about two weeks, after which the bulls recorded a 13.26% jump in their valuation. After trading sideways for a while, the bulls regained momentum and managed to break out of the range in which they were trading sideways over the next few days.
As market volatility increased, the bulls reached a high of $0.0000000008810 by jumping over 88%, after which they traded sideways for some time. Following this, the bulls lost momentum and broke the support level and since then the price has been trading in a consolidated range.
The Moving Average Convergence Divergence (MACD) displays a steady flat line, highlighting the weak buying and selling pressure of the market. Additionally, the averages show a neutral trend, suggesting unpredictable future price action in the coming times.
If the market holds the price above the support level of $0.000000000541, the bulls will regain power and run to test its upper resistance level of $0.00000000008810 in the coming month. However, a bearish reversal could pull the price towards its low of $0.000000000284.
electronic cash (XEC):
The After trading sideways for a while, the bulls regained momentum and surged 82% before being rejected at $0.0000788.
After being rejected, the bulls lost momentum, leading to a breakout in eCash price from the support level. The price then showed a neutral trend for a while, after which the token recorded a new breakout in the chart. After showing a neutral trend for some time, the bulls recently broke out of the range, indicating a bullish reversal in the chart.
The MACD shows a steady increase in the green histogram, indicating increased bullish influence in the crypto market. Additionally, the averages show an uptrend, suggesting that the altcoin will continue to gain value in times to come.
If the market sustains the price above the support level of $0.0000563, the bulls will continue to gain momentum and prepare to test its higher resistance level of $0.0000788 in the coming time. Negatively, if the bears overpower the bulls, the price would plunge and fall to test its lower support level of $0.0000445.