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After trading under a bearish sentiment for a brief period, the cryptocurrency market has recorded a bullish recovery over the past day. Moreover, the market is currently valued at $2.11 Trillion with a 24-hour jump of 1.48%.
Following this, mid-cap and low-cap altcoins have gained attention from the crypto space. This has resulted in them recording a significant uptrend in their respective portfolios within a short period.
Dive in as, in this article, we have covered the market sentiments, price action, and short-lived price targets of the top 3 altcoins that have the potential to record a massive surge in their respective portfolios during the upcoming time.
Syscoin (SYS) Price Action
Amid increased price action in the crypto market, the Syscoin price has recorded a surge of over 30% within the past day with a trading volume of $46.62 Million, a jump of 1,066%. Moreover, it has added 36.38% over the past week, indicating a rising bullish sentiment in the market.
The Moving Average Convergence Divergence (MACD) has displayed a constant green histogram, indicating an increase in the buying pressure within the crypto space. Further, the SMA indicator has recorded a positive curve, suggesting that the SYS price will continue gaining value.
If the market regains momentum, the Syscoin price will head toward its upper resistance level of $0.1630 during the upcoming weeks. Conversely, if the bears overpowered the bulls, the altcoin will retest its crucial support level of $0.0670.
Beldex (BDX) Price Action
Despite recording a correction of approximately 2% within the past day, this altcoin has added over 3% during the past seven days and 16.89% during the past 30 days. Furthermore, it has rewarded its long-term investors with a YTD return of 18.76%.
The Relative Strength Index (RSI) continues hovering close to its overbought range, highlighting increased price volatility in the market. However, the average trendline records a bearish crossover, indicating uncertainty in future price action.
Suppose, the bulls regain power, in that case, the BDX price will retest its upper resistance level of $0.0650. Negatively, if the bears dominate the crypto space, the Beldex price will plunge toward its low of $0.04320.
Liquity (LQTY) Price Action
With the bullish recovery in the market, the LQTY price has jumped over 7% within the past day with a trading volume of $17.063 Million. Moreover, with a market capitalization of $60.164 Million, the Liquity price has secured the 444th position in the global crypto-list.
The Simple Moving Average (SMA) is on the verge of recording a bullish convergence, suggesting an increase in the positive influence. On the other hand, the MACD records a constant flatline with its averages showing a neutral trend. This suggests a mixed price sentiment in the crypto market.
Maintaining a bullish action could result in this altcoin heading toward its upper resistance level of $1.20. However, if the market fails to regain momentum, the LQTY price could hover close to its crucial support level of $0.560.
