5 Must-Watch Cryptos This Month

Crypto market volatility has opened up potential gains for Harmony (ONE), Render (RNDR), Near Protocol (NEAR), dogwifhat (WIF) and Stellar Lumens (XLM).

BeInCrypto analyzes the direction these cryptocurrencies may take and how it will affect the entire crypto market.

Harmony (ONE) has reached a new chapter

ONE transaction volume has successfully exceeded $1 million. This shows that the chain is noticing an increase in use and demand, which can increase the price action.

At the time of writing, the altcoin appears to be moving in a downward wedge, and the exit from the same may occur in the next month. Therefore, based on this pattern, ONE can rally more than 36% to hit the target of $0.034 to reach the two-month high.

Looking at the average direction index (ADX), the probability of this happening is very high. This indicator analyzes the strength of the active trend, and since it is above the 25.0 limit, the current trend is getting stronger.

Read more: Harmony (ONE) price forecast for 2024

However, if the altcoin breaks below this wedge, it could lose momentum and fall below $0.015, a three-month low for Harmony's price.

Dogwhiphat (YF) is leading the meme coin market by storm.

When Solana's meme coins were already competing against PEPE's supremacy, WIF stepped in and ended the conversation once and for all. Memecoin surpassed PEPE to become the world's third largest memecoin. Apparently, this growth will continue in the coming months.

At the time of writing, the meme coin is seen moving in an isosceles triangle pattern. Based on this pattern, a WIF price breakout is expected, which could send MemCoin to $4.8. This represents a 51% increase for Dogwifefat to consolidate its dominance.

Read More: Dogwifhat (WIF) Price Prediction 2024/2025/2030

However, it is also possible to lose support for the lower trendline if WIF holders choose to sell. As a result, the meme coin may lose the support of $2.5 to test $2.0 as the next support floor. That would actually destroy the output.

Protocol Near (Near) is near peak in 2024.

It also magnifies the impact of Bitcoin's halving event, which is expected to push altcoin prices higher near the price. The altcoin has recently traded at $7.2 above the $5.2 support at the time of writing.

The altcoin is in the 61.8% Fibonacci Retracement from $8.8 to $5.2 inches. This level marked at $7.4 is known as the bull market support floor. A recovery will allow the recent price to breach the $8.8 barrier and post a new 2024 high.

Read more: What is Near Protocol (NEAR)?

But if the altcoin falls to $6.0 or below, the 23.6% Fib line will also disappear. This could leave the altcoin vulnerable to further correction, devaluing its bullish outlook.

Provider (RNDR) Banks on AI

Optimism around artificial intelligence (AI) is rebounding in Q2, with bullish AI tokens expected to push higher. Among these indicators is Rand, which has been trending lower for the past month.

Increasing interest in AI makes RNDR a recovery value. RNDR price is expected to break the $8.0 support and move the $10.0 resistance to an all-time high.

Read More: Render Token (RNDR) Price Prediction 2024/2025/2030

However, a loss of $8.0 support would push RNDR's price to $6.8. Falling into it eliminates the potential for brutal consequences.

Stellar (XLM) is a good bet.

While Stellar has not seen any major growth, it is definitely among the most underrated assets in the crypto market. XLM price is currently trading in a bearish wedge.

Based on this pattern, a breakout could send XLM to $0.142, representing a 23% gain for the altcoin. This allows XLM to chart a new all-time high by crossing $0.160.

Read More: Stellar (XLM) Price Prediction 2024/2025/2030

Although the RSI is under a neutral sign, it shows the possibility of losing the initial strength, there is a possibility that the decline may continue; If this is the result of XLM, the crypto asset could lose the $0.10 support. This removes the bullish effect and sends the altcoin below $0.09.