cryptocurrency The industry has continued on a negative trend, causing leading tokens to lose significant value over the past seven days. Moreover, the market sentiment is bearish, indicating signs of a bull market reversal in the crypto world.
This article will examine the top three altcoins under $0.10 that have the potential to reverse the uptrend in the coming week.
Gala (GALA)
PREMIERE The price traded in a consolidation range between $0.03612 and $0.04991 for about two weeks. Later, the bulls gained strength and there was a 102.04% jump in the valuation. However, the bulls lost momentum and broke the range after encountering resistance at $0.0828.
GALA token moved in a consolidation range between $0.0584 and $0.0741 over a period of time. With the increase in market volatility, the bulls were unable to keep the price above the support level and there was a decline in Gala coin price. Since then, the price has been trending neutral.
The Moving Average Convergence Divergence (MACD) with a steady green histogram indicates bullish strength in the crypto space. Additionally, the averages are trending upward. This indicates a positive price movement for the altcoin.
If the market price breaks above the $0.0584 resistance level, the bulls will gain momentum and test the $0.08284 upper level in the coming weeks. However, if the downtrend reverses, it could pull the price to a low of $0.0427.
Bonk (BONK)
bonk The price consolidated in a tight range between $0.0000111 and $0.0000148 for a while. Later, the bulls gained momentum and moved towards the $0.0000270 resistance level, up nearly 68%, but was rejected from that level. Afterwards, the price remained horizontal for a while.
As market volatility increased, meme coin experienced another jump of 60.78%. The price was then rejected at $0.0000415. After that, the bulls broke the range and displayed a neutral trend for a short period of time. Since then, the price has been trading in a tight range.
The technical indicator MACD shows a solid flat line on the histogram, highlighting the weak buying and selling pressure in the crypto market. However, the averages also exhibit a similar trend, indicating uncertainty in future price movement for the altcoin.
If the market price stays above the $0.0000212 support level, the bulls will gain momentum. Therefore, they will move to test the upper resistance level of $0.0000341 in the coming weeks. However, if the bears overcome the bulls, the price is expected to decline towards the $0.0000111 low.
JasmyCoin (JASMY)
JASMY The price showed a neutral trend, oscillating between $0.0123 and $0.0162, failing in its attempts to escape the resistance level during this time. As market volatility increased, the bulls experienced a 50% bounce and then trended neutral for a while.
Following this, JasmyCoin experienced consolidation between $0.01930 and $0.0255 for about two weeks. As the market lost momentum, the price declined to test the $0.0162 low. Then the bulls experienced a rebound. Since then the price has been trending sideways.
The MACD shows a continuous decline on the chart, indicating a decrease in buying pressure in the crypto space. However, the averages are trending upward, creating mixed sentiment.
If the bulls gain momentum again, JASMY price may move to test the upper resistance level of $0.030 in the coming period. However, in a downside scenario, the bearish impact could pull the price towards the $0.0162 low.
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