After Bitcoin led the rally among the top cryptos yesterday and breached the $28,000 level, there has been a reversal in the sentiment surrounding the digital currency market. According to CoinMarketCap, the total market value of cryptocurrencies increased by 2.17% in the last 24 hours, causing investors to profit as the price followed the alpha coin.
Altcoins have benefited a lot. CoinGecko data showing that L1 tokens and Smart Contract-related coins have enjoyed a boost in price from the latest rally by Bitcoin. With the expectation that the US Federal Reserve will not implement another interest rate hike, the following five tokens are expected to advance further in the coming days.
Top 5 Cryptos expected to Rally this Sunday
MASKS
Known as the portal to the new internet, the Mask network’s original token of the same name is growing in popularity. according to CoinGeckoMASK is up almost 40% in the last 24 hours.
At the current price of $6.21, the token may face significant resistance at $6.4. However, MASK has a strong supply at $3.8 if the token undergoes a correction. In the meantime, flipping this resistance level will ensure investors a higher potential upside.
Image: sFOX
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Ethereum classic is a hardworking fork of the main Ethereum blockchain. It retains the old characteristics of pre-merge ETH.
The coin is quite close to its long-term resistance at $23, which, if broken, could open up higher potential for investors. However, failure to overcome this resistance to support will lead to another downside, with the potential of a bearish breakthrough at $18.13. Simultaneously defending this support level while targeting the $23 resistance should be a priority for the bulls.
Image: VOI
FTM
Fantom is growing in popularity with developers because it is a scalable L1 platform. The main names are like Sushi and Curved use FTM for decentralized exchange. FTM, the native token of the platform, rides on market price movements CoinGecko noted 18% increase in price.
The token is currently above the support line at $0.40033 which provides the bulls with enough room to target higher prices. Longer term, bulls should target $0.7419, which will give FTM a possible corridor of $1.
APE
After being in pain for the past few days, APE has made some gains. according to CoinGeckothe token is up more than 8% in weekly time with a greater possibility of an explosive price boom.
APE is currently trading in a narrow trading range of only $4.5 and $4.3. This should be taken as a sign that the token could rally in the near future, potentially breaching the $5 resistance to support it.
Cryptos total market cap at a little over $1 trillion on the daily chart at TradingView.com
GRT
Graph’s native token GRT has been gaining ground against the bulls since last week. data show token up significantly, posting almost 40% gain. The network’s role in providing query services for faster access to Web3 data can be attributed to this positive price change.
GRT is currently equal to 0.161099 US dollars. In the long term, bulls have no problem targeting $0.3. Turning this resistance to support will give investors cryptos more upside in the long term.
-Image from Capital.com