With a strong bullish recovery in the cryptocurrency market, mid-cap and low-cap altcoins have gained the spotlight by recording a massive surge in their respective portfolios over the past few days.
Planning on investing in low-cap altcoins to maximize your profits this AltSeason?
Dive in as, in this article, we have covered the in-depth market sentiments, price analysis, and possible short-term price targets of the top 3 low-cap altcoins that have the potential to outperform the top cryptocurrencies during the upcoming weeks.
Aevo (AEVO):
After recording a correction of approximately 3% within the past week and 19.26% over the past 30 days, the AEVO price has recorded a jump of 5.26% within the past day with a trading volume of $31.56 Million. Moreover, with a market cap of $317.40 Million, it has secured the 145th position.
The Relative Strength Index (RSI) displays a flatline in the Aevo price chart, suggesting weak buying-and-selling pressure within the crypto space. However, the SMA indicator records a bullish convergence, suggesting uncertainty in future price action.
If the bulls regain momentum, the AEVO price will break out of its resistance level and prepare to test its upper resistance level of $1.310. Conversely, a bearish action could result in this altcoin plunging toward a new All-time Low (ATL) during the upcoming weeks.
QuarkChain (QKC):
With the rising volatility in the crypto market, the QuarkChain price has jumped over 2% within the past day and 37.82% over the past week. Moreover, it has surged 47.22% over the past 30 days, highlighting a rising bullish sentiment for the altcoin.
The Moving Average Convergence Divergence (MACD) shows a rising green histogram with its averages displaying a bullish action. On the other hand, the RSI continues hovering close to its overbought range, suggesting a strong bullish influence for the altcoin in the market.
If the market continues trading under a bullish influence, the QKC price will break its important resistance level of $0.0128 and head toward its upper high of $0.0159. However, if the bears regain momentum, the QuarkChain price will retest its low of $0.00610.
Waves (WAVES):
Despite recording a drop of 1.98% within the past 24 hours, the Waves price has added 11.03% within the past week and 26.52% over the past 30 days. Moreover, with a circulating supply of 115,358,650 WAVES tokens, it has secured the 271st position with a market capitalization of $134.60 Million.
The technical indicator, MACD displays a neutral trend in the Waves price chart with its averages recording a similar price trend. This indicates a weak buying and selling pressure for the crypto token in the market.
Suppose, the bulls regain momentum, in that case, the WAVES price will head toward its resistance level of $1.750 in the coming time. Negatively, a bearish action could result in this altcoin plunging toward its crucial support level of $0.870.
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