Best Altcoins to buy for short term 100% upside!
With the rapid recovery in the cryptocurrency market, top tokens have successfully breached their important resistance levels. In addition, the market leader, the price of Bitcoin holds its price above the level of $ 64K, which shows the influence of bullishness in the space.
On the other hand, mid-cap and low-cap altcoins have received a lot of attention from investors. This has resulted in many tokens registering a 2X – 3X increase in the last 2 weeks.
We dive into the market sentiment, price action and short-term price targets of the top 3 altcoins that have the potential to register up to 100% gains in the coming weeks.
Archblock (ABT)
Arcblock's price has registered a jump of approximately 25% in the previous day with a trade volume of $3.819 million. Moreover, it jumped by 48% in the last week and has a YTD return of 812.34%. It ranks 235th with a market value of $196.52 million.
The Relative Strength Index (RSI) has shown a significant advance into the overbought region in the 1D time frame. Furthermore, the average trend line shows a higher rise. This suggests that the ABT price will continue to gain value this week.
Keeping the price above the $2 support level sets the stage for Arcblock price to reach the high resistance level of $2.952. Conversely, a bearish reversal could take the price to a low of $1.345.
Solama
Built on the Solana ecosystem, this project operates under the official “Official” Solana Mascot label. SOLAMA takes its inspiration from Shiba Inu and the Ethereum network. Additionally, it introduces a refreshing and twisted way to experience the world of memories.
In particular, this altcoin recorded a jump of 6.18% in the last day and 53.76% in the last week. Despite a nearly 20% correction last month, SOLAMA's price has risen 3,215.94% since its inception.
With a transaction price of $0.01345 and a supply of 653,868,075 SOLAMA tokens, it ranks 1,056th in the global cryptocurrency list with a capitalization of $8.796 million.
Popcat (SOL) POPCAT
Despite a roughly 3% correction, POPCAT's price jumped 82.86% last week and rewarded long-term investors with an annualized return of 9,060.79%. With a market value of 727.87 million dollars, this altcoin took the 89th place.
The Moving Average Convergence Divergence (MACD) in the green histogram shows a constant increase and the averages show a sharp increase. This indicates overbuying and overselling pressure for the POPCAT price in the crypto market.
If the market continues to trade on a positive note, the price of Popcat (SOL) is set to test the high of $0.99730. On the upside, a bearish move could drag memecoin down to a lower support level of $0.38805 in the coming weeks.
