Top undervalued altcoins To Record 10X surge in 2024!
With a constant rise in price volatility, the crypto market continues to record a mixed sentiment, the top tokens continue their struggle to hold their respective value above their crucial support levels. Whereas, mid-cap and low-cap tokens have experienced a significant uptrend.
Scroll down as, in this article, we have covered the market sentiments, price analysis, and short-term price targets of 3 altcoins that have the potential to record a surge of up to 10X this year.
ALEX Price Records A Strong Bullish Reversal:
The ALEX price has continued to trade under a bullish influence by adding 88.59% to its portfolio in the past day with a trading volume of $51.43 Million, a change of +1,279%. Moreover, it has surged 130.85% within the past seven days and approximately 49% over the past 30 days.
The Moving Average Convergence Divergence (MACD) displays a sharp rise in its green histogram, indicating an increase in the buying-over-selling pressure in the crypto space. Further, its averages show a bullish pattern, suggesting that the price will continue gaining momentum.
If the market continues to trade under a bullish sentiment, the Alex coin price has the potential to record a surge of up to 3X during Q3. Furthermore, it is trading at a discount of 74.34% from its previous ATH, highlighting a positive outlook in the long-term perspective.
SPECTRE AI (SPECTRE):
Built on the Ethereum chain, the Specture AI was introduced to the market on 14th November 2023. The SPECTRE AI is a revolutionary project that is currently working on building an all-in-one tool for blockchain predictions on Telegram and dApps.
With a trading price of $1.63, a circulating supply of 9,093,998 tokens, and a total supply of 10,000,000 SPECTRE tokens, it has successfully secured the 866th position in the global crypto-list with a market capitalization of $14.726 Million.
Despite recording a neutral trend within the past 24 hours, the SPECTRE price has added 17.72% to its portfolio within the past week and 17.30% over the past month. Moreover, this altcoin has rewarded its long-term investors with a YTD return of 3,481%.
OctaSpace (OCTA):
In spite of increasing selling pressure, the OCTA price has recorded a jump of approximately 4% within the past day with a trading volume of $1.025 Million. Furthermore, it has jumped 19.12% within the past day and 25.95% over the past month and has a YTD of +231.42%.
The Relative Strength Index (RSI) continues hovering close to its overbought range and is on the verge of retesting it, indicating an increase in the buying pressure within the crypto market.
On the other hand, the SMA indicator has recorded a bullish curve in its 1D time frame, suggesting a positive outlook for the OCTA price during the upcoming weeks.
If the market pushes the OctaSpace price above its resistance level of $2.40, the bulls will regain momentum and prepare to test its upper resistance level of $3. However, if the bears regain momentum, the OCTA crypto will plunge toward its lower support levels.
