As the week comes to an end, certain cryptocurrencies are showing bullish signs. Of course, some offer attractive investment opportunities. Crypto expert Elmaz Sabovic highlights four altcoin projects that stand out due to recent price movements, increased investor interest or significant development efforts. According to the expert, these offer attractive investment opportunities for investors in the coming week.
In first place is the popular meme coin Dogecoin (DOGE)
Dogecoin (DOGE) fell below the $0.10 threshold, which it reached and previously exceeded on December 12 for the first time since April. However, the altcoin still exhibits bullish momentum when we look at the bigger picture. However, TD Sequential detected a sell signal on the weekly chart for Dogecoin. This coincides with DOGE facing a significant resistance level that has consistently hindered its upward moves in the past.
In case of a correction, prices are likely to drop to $0.085 or even $0.078. However, according to the prediction of crypto analyst Ali Martinez, the bearish scenario will be invalid if DOGE successfully surpasses $0.11.
Meanwhile, DOGE has seen a 2.35% decline in the last 24 hours. However, it recorded a monthly gain of 27.31% in the last month. Meme coin lost 3.4% on the weekly chart. In the latest case, DOGE was changing hands at $0.0952 at the time of writing.
Second ranked altcoin: Shiba Inu (SHIB)
Shiba Inu (SHIB) is undergoing consolidation as it tests the resistance point. At the same time, a potential opportunity arises for investors in the event of a breakthrough. Shiba Inu has been moving within a descending parallel channel since September 2022. Currently, SHIB is challenging a critical resistance located at the upper boundary of this formation, around $0.000011.
A solid weekly close above this level is possible to push SHIB towards $0.000014. This would be a sign of a bullish breakout. Conversely, if it is rejected at this point, it could see a pullback to $0.000008 before the expected bullish breakout, according to Ali Martinez’s prediction.
As of press time, SHIB was trading at $0.000009772. SHIB witnessed a decline of 2.17% in the last 24 hours and 2.87% in the last 7 days. However, the altcoin has gained 12.28% in the last 30 days.
We continue the list with Hedera (HBAR)
Hedera (HBAR) has received critical acclaim for its collaborations in the Blockchain initiative. Thus, it has emerged as a major attraction for cryptocurrency investors worldwide. Moreover, it provides another potential avenue for profitable investment. cryptokoin.comAs you follow from , another major partnership for Hedera comes after it introduced the BankSocial Wallet 2.0 App, a multi-chain, Hedera-compatible self-custody solution with integrated staking and KYC features that facilitate seamless interactions with DeFi protocols.
At the time of writing, the altcoin was trading at $0.08259. HBAR saw a 0.91% increase on its daily chart. It also gained a significant 16.2% for the week. Moreover, it made significant progress of 35% last month.
The last altcoin is also a meme coin: Bonk (BONK)
In last place is Bonk (BONK), one of the strongest performers on a weekly and daily basis. On its daily chart, BONK is up over 70%. So much so that BONK took the lead as the most popular meme coin on the market. The last 24 hours have witnessed an impressive increase in my value. This was primarily attributed to its recent listing on Coinbase. According to Santiment’s post, BONK rose from the 69th largest asset to the 43rd place in just 12 hours.
BONK was trading at $0.00003037 at the time of writing. This represents an impressive increase of 74% in the last 24 hours. Additionally, the token achieved a notable gain of 152% in the previous week. Moreover, BONK experienced a remarkable 914% increase in value in the last 30 days.
The cryptocurrencies in question are currently making gains. However, the dynamic nature of the digital asset space reminds us that it is important to remember that crypto assets depend primarily on overall market sentiment, an important factor to monitor when entering the market.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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