At the time of writing, the market for cryptos was shaken by major coins plummeting to the weekly support range. However, although it seems that the sentiment is still negative with the main digital currency asset losing a good percentage in its value, some are glowing green in almost all time frames, accordingly Coingecko.
These five cryptos are set for a possible breakout in the short term. With macroeconomic indicators showing an improve situation in some areas, these cryptos are expected to make a surprise rally in the last day of February.
TRX
TRON, as an ecosystem, is thriving. According to them official website, currently has 143 million accounts supported by nearly 5 billion transactions. TRON claims that they are the fastest blockchain in the market.
Image: The Daily Hodl
CoinGecko recorded strong growth in almost all time frames with the biggest gains made in the monthly time frame of nearly 16%. This shows that the bulls have taken control of the market. The token’s support at $0.06871 will give investors and traders the opportunity to continue the current token market movement.
AI Cryptos Make the Grade
FET
Artificial intelligence has evolved in utility. AI-related tokens are also experiencing a lot of bullish sentiment, with the market capitalization of all AI tokens reaching nearly $2 billion today. FET is one such token, driven by novelty partnership with Fetch.AI and Bosch.
We are happy to announce @Fetch_aiin collaboration with our partners @BoschGlobalwho formed a new https://t.co/kJ9URVpOul Foundation to boost development # Industry application based #AI and #Web3 technology!
👉 https://t.co/w1JDSrG2lo pic.twitter.com/AuL6S1RuSL
— Fetch.ai (@Fetch_ai) February 21, 2023
Because of this, the token has rallied 10% in the weekly time frame. The token’s current resistance at $0.4097 is the only thing stopping further bullish moves. Investors and traders should focus on breaking this resistance to continue growth in price.
AGIX
The SingularityNET governance token takes second place on the list. As we continue to create artificial public intelligence, AGIX, the ecosystem’s governance token, is now on the rise. now data shows that the token shows gains in all time frames, with the largest increase of almost 150% per month.
At the current price of $0.4250, AGIX continues the bullish price movement that began in early 2023. This will allow investors and traders to profit in the short to medium term.
On-Chain Devs Help Boost Price
LINK
Chainlink’s role in the growing crypto industry as an on-chain and off-chain data bridge supports LINK’s growth in recent months. The token is currently up 7% in the weekly time frame, which is supported by recently on-chain development.
LINK is currently changing hands at $7,540 which is close to the $7,520 support line. The long-term outlook for the token should be bullish if current support continues. Investors interested in this token should monitor the current support before making any major decisions.
Crypto total market cap at $1 trillion on the weekend chart | Chart: TradingView.com
LDO
LIDO DAO already moving forward to further decentralize the network. The DAO released a blogpost about the upgrade on February 7, affecting the price of LDO, the network’s governance token. according to CoinGeckoLDO is up 12% in the past week.
Today, Lido contributors are proud to present Lido V2 – Lido’s biggest upgrade to date and an important step towards further decentralization. https://t.co/SDxlxCgMNq pic.twitter.com/KJewhEp8rV
– Lido (@LidoFinance) February 7, 2023
At the time of writing, the token has nothing to do with the major cryptocurrencies that are down. Bullishness is exhibited as it is supported at $2,771. If it continues, the token will have a launch pad for higher targets in the coming days or weeks.
-Featured image from Yahoo!