Activity on Polkadot has seen a noticeable decline recently. This shift is paving the way for other promising altcoins to potentially take its place. The crypto space is buzzing with discussions about which coins are gearing up for significant growth. This article will delve into the contenders and their potential impact on the market.
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MANTRA (OM) Faces an Upward Battle but Promises Strong Growth Potential
MANTRA (OM) is currently trading between $1.05 and $1.32, showing signs of a tussle between bears and bulls. With a 7.51% dip in the past week, the coin sits just below its nearest resistance of $1.49, indicating cautious optimism.
Despite the short-term dip, MANTRA’s impressive rise of 1046.48% over the last six months hints at strong long-term potential. Should the bulls regain control, breaking past $1.49 could push the price to the second resistance level of $1.76, a rise of around 33% from current levels. While bears are momentarily dominant, the overall trend suggests room for significant growth.
Axelar (AXL) Price Shows Bears in Control, but Growth Potential Remains
Axelar (AXL) is currently trading between $0.60 and $0.75, reflecting a bearish trend. This is indicated by a 6.44% drop over the past week and a 31.42% decline over six months. With the simple moving averages for 10-days at $0.62 and 100-days at $0.66, it faces resistance at $0.83 and stronger resistance at $0.98. Support levels are at $0.53 and further down at $0.39. The relative strength index at 45.40 and the MACD level of -0.003 suggest ongoing bear dominance. However, if Axelar breaks the $0.83 resistance level, it could see an approximate growth of 25% to the second resistance level.
The Graph (GRT) Struggles to Find Stability, Bears Remain in Control
The Graph’s (GRT) current trading range is between $0.1763 and $0.2155, with a bearish outlook. Its key resistance level is $0.2383, while the support stands at $0.1599. Over the past week, GRT has dipped by about 6.55%, and in the last month, it has fallen by nearly 12%. Despite a rebound of 20% in the past six months, the 10-day moving average is slightly under $0.19.
The RSI at 35.83 and MACD at -0.0014 indicate weak bullish momentum. If bears continue, prices could test support at $0.1599, but any strong movement might push it towards $0.2383, marking a 30% rise.
Akash Network (AKT) Shows Bearish Trends But Holds Potential
Akash Network (AKT) is struggling with a current price range between $2.86 and $3.64. The crypto has lost around 11% in the past week and nearly 18% over the past month, showing that bears are in control. The coin’s 10-day simple moving average sits at $2.94, below the 100-day average of $3.16.
However, with the RSI at 40, it’s nearing oversold territory, suggesting a turnaround could happen soon. If it breaks the $4.08 resistance, it could aim for $4.87, nearly a 35% rise from current levels. But if support at $2.51 fails, it might drop towards $1.73. Keep an eye on these levels for potential moves.
Conclusion
OM, AXL, GRT, and AKT have less potential in the short term. CYBRO, a technologically advanced DeFi platform, offers investors unparalleled opportunities to maximize their earnings through AI-powered yield aggregation on the Blast blockchain. With features like lucrative staking rewards, exclusive airdrops, and cashback on purchases, CYBRO ensures a superior user experience characterized by seamless deposits and withdrawals. Emphasizing transparency, compliance, and quality, CYBRO stands out as a promising project with strong interest from crypto whales and influencers.
