Despite major cryptocurrencies struggling with resistance levels, mid-cap altcoins are demonstrating noteworthy price movements, indicating a shift in investor focus.
Altcoins like Core, Jupiter, and Flare have recently experienced positive price actions, with Core increasing by over 65%, Jupiter by 22%, and Flare by 5% in the last 24 hours. The question remains whether these gains will sustain or if a substantial correction is on the horizon.
Core (CORE):
Following a brief period of trading between $0.5450 and $0.8025, Core broke through its resistance level and saw a 124% surge over seven days, reaching $1.2250 before a rejection. After another sideways trend, it climbed 122.5% before facing rejection at $2.7250. Currently testing its support/resistance level, its future trajectory remains uncertain.
Jupiter (JUP):
Jupiter's price broke out of a resistance level after a period of neutral trading and surged over 83% before facing rejection at $1.4030. After consolidation between $1.1090 and $1.4030, the bulls recently broke out again, preparing to test the resistance level, with the outcome remaining unknown.
Flare (FLR):
Flare initially traded between $0.04350 and $0.04715 before falling under bearish influence, resulting in a 23.65% loss. Despite a brief neutral trend, the lack of bullish momentum led to a 26.23% correction. Recently breaking out of the resistance level, Flare's price is currently displaying a neutral trend, with its future direction uncertain.
If Core manages to stay above $2.750, it could head towards $4, while Jupiter might push towards $2.250 if it breaks $1.850 resistance. Flare may rise to $0.04715 if it holds above $0.03850 support or fall to $0.03360 if support fails.
