According to crypto analyst Mike Ermolaev, several altcoins for 2024 promise bright prospects for investment. Among these, Aptos (APT), Liquity (LQTY), Render Token (RNDR) and LeverFi (LEVER) stand out as particularly noteworthy. The analyst notes that these altcoins have attracted the attention of both investors and crypto enthusiasts.
Aptos (APT): Technical data stable shows growth
Aptos shows a promising trend. It gained 17.85% in value in a month, trading between $6.53 and $7.37. Technical analysis reveals an overall neutral to positive outlook, with several indicators pointing to growth potential. The Relative Strength Index (RSI) for Aptos stands at 55.87: It also indicates a neutral market momentum. However, the Awesome Oscillator at 2.11 indicates a potential upside move in price. Also, it gives a buy signal.
In terms of moving averages, Aptos is showing strong buy signals on various time frames. Notably, the EMA 200 stands at 6.84 and the SMA 200 stands at 6.72. These reflect a consistent upward trend in the short and long term. Resistance levels are $8.11 and $9.16. Support levels are $5.35 and $3.64. These indicate that APT may move upwards before encountering significant resistance.
Liquity (LQTY): Strong uptrend continues for altcoin
Liquity (LQTY) is showing a mixed trend in the cryptocurrency market. The token price varies between $1.3359 and $1.5644. According to the Relative Strength Index (RSI), the index is at 44.89, which is neutral. Moreover, other indicators such as Stochastic %K, Commodity Channel Index (CCI) and Average Directional Index (ADI) also support this stance. In other words, the LQTY market remains in balance.
Resistance levels for LQTY are $2.3163 and $2.9898. Support levels are $0.9399 and $0.2370. These numbers suggest that if Liquity tries to move upwards it may face resistance in the short term and have some support at lower price levels. Notably, the altcoin recently broke above the 200-day moving average, which is an important bullish signal. This is the second major rally since the bear cycle’s lower-top trend line was breached.
Mixed signals from oscillators and moving averages indicate a market that is currently uncertain and has the potential for both upside and downside movement. There is also the view that LQTY may have reached the bottom with significant upside potential. In any case, the variable nature of this entity needs to be kept in mind.
Render Token (RNDR): Paves the way for more earnings
Render Token (RNDR) is showing a mixed but predominantly positive trend. The altcoin is trading between $2.43 and $3.96. The Relative Strength Index is at 65.6794, which is neutral. Additionally, the Momentum indicator at 1.7091 and the MACD at 0.3200 indicate some bullish momentum. These indicators give a buy signal for the token.
In terms of moving averages, Render Token is showing a strong uptrend. The Exponential Moving Averages (EMA) at 1.9251 and the Simple Moving Averages (SMA) at 1.9650 are showing buy signals reflecting a consistent uptrend for 200 days. RNDR’s resistance levels at $2.8633 and $3.3449 and the support levels at $1.7165 and $1.0513 suggest that it has room for upside movement before it encounters any significant resistance. RNDR recently reached a price above $600 for the first time in 3 days. Thus, he achieved a significant milestone. This development indicates a revival in investor interest and market confidence in RNDR. Thus, it indicates a potentially positive trend for the altcoin.
LeverFi (LEVER): Altcoin is poised for a strong bounce
LEVER fluctuates between $0.0012 and $0.0015. The Relative Strength Index is neutral at 42.0873. It also indicates a balanced market without strong overbought or oversold conditions. Meanwhile, both the EMA 200 and SMA 200 at $0.0013 are indicating a long-term bearish trend.
Pivot point analysis shows that resistance levels are $0.0026 and $0.0039, while support levels are $0.0011 and $0.0008. These figures show that the altcoin price may face resistance in the short term if it tries to move upwards. In a best-case scenario, LeverFi has a 400-700% return potential.
This optimism is based on the observation that a local downtrend has been broken and a long-term support level has been maintained for months. The fact that the price is above the EMA100 and lower EMAs indicates a strong uptrend. Therefore, LeverFi is poised for a significant upside move.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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For the rest of the article, Analyst: The 4 Best Under-the-Radar Altcoins That Will Rise in 2024!