Top low-capital Altcoins for 5X
With a strong bullish acquisition in the cryptocurrency market, mid-cap and low-cap altcoins have gained attention in the last few days by registering a huge increase in their respective portfolios.
Are you planning to invest in undervalued altcoins to maximize your profits this AltSeason?
Dive into this article as we reveal in-depth market sentiment, price analysis, and short-term price targets for the top 3 low-cap altcoins that have the potential to outperform major cryptocurrencies in the coming weeks.
AEVO:
After recording a roughly 3% correction over the past week and a 19.26% correction over the past 30 days, AEVO price recorded a jump of 5.26% over the past day with a trade volume of $31.56 million. It also ranked 145th with a market value of $317.40 million.
The Relative Strength Index (RSI) shows a flat line on Aevo's price chart, indicating weak buying and selling pressure in the crypto space. However, the SMA indicator records significant consolidation, indicating uncertainty in future price action.
If the bulls recover their momentum, the price of AEVO will break out of the resistance level and prepare to test the upper resistance level of $1.310. On the contrary, a bearish move could cause this altcoin to enter a new all-time low (ATL) in the coming weeks.
QuarkChain (QKC):
Due to the increasing volatility in the crypto market, the price of QuarkChain jumped more than 2% in the last day and 37.82% in the last week. Moreover, it has increased by 47.22% in the last 30 days, which highlights the increasing bullish sentiment for the altcoin.
The Moving Average Convergence Divergence (MACD) shows a rising green histogram and the moving averages bullish action. On the other hand, the RSI continues to hover near the overbought region, indicating a strong bullish influence for the altcoin in the market.
If the market continues to trade under bullish influence, the price of QKC will break the important resistance level of $0.0128 and move towards the high of $0.0159. However, if the bears recover their momentum, the price of QuarkChain will retest the low of $0.00610.
WAVES:
While registering a decrease of 1.98% in the last 24 hours, Waves' price is up 11.03% in the last week and 26.52% in the last 30 days. Moreover, with 115,358,650 WAVES tokens in circulation, it ranked 271st with a capitalization of $134.60 million.
Technical indicator MACD shows a neutral trend on the Waves price chart while the averages record the same price trend. This indicates weak buying and selling pressure for the crypto token in the market.
Let's say, the bulls have regained their momentum, this time, the price of WAVES will go towards the $1.750 resistance level in the future. A bearish move on the negative side could send this altcoin down to its critical support level of $0.870.
