Amid significant fluctuations in the cryptocurrency market, three Ethereum-based tokens show substantial growth potential in the near future. In this article, we discuss current market sentiments and price targets for SuperRare (RARE), Altlayer (ALT), and Synapse (SYN) tokens.
SuperRare (RARE) Price Action
Despite increasing bearish sentiment in the crypto space, the price of SuperRare has surged by 77.89% within the past day with a trading volume of $579.54 million. It has also surged over 250% within the past week and has a Year-to-Date (YTD) return of 108.29%. The Moving Average Convergence Divergence (MACD) continues displaying a flat line in its 1W time frame, with its averages recording similar action. Further, the Simple Moving Average (SMA) indicates a potential bullish crossover, reflecting mixed sentiment for SuperRare's price. If RARE price surpasses its resistance level of $0.2575, it could prepare to test its high of $0.4675. However, if the bears regain momentum, this altcoin will retest its crucial support level of $0.050 in the coming time.
Altlayer (ALT) Price Prospects
After trading under bearish sentiment for a brief period, the Altlayer price has successfully recovered, adding 6.82% within the past day and 8.63% over the past week. With a market cap just over $217 million, it has secured the 183rd position in the global crypto list. The Relative Strength Index (RSI) has recorded a constant rise toward its mid-point, indicating increased buying pressure for Altlayer in the crypto space. Further, the Simple Moving Average (SMA) supports the positive outlook in the coming time. If the market continues to trade under bullish influence, the ALT price is set to head toward its upper resistance level of $0.2380 during the upcoming weeks. Conversely, bearish action could lead to a plunge towards its low of $0.0040.
Synapse (SYN) Growth
Synapse has continued displaying bullish price action by adding approximately 39% within the past day and 95.28% over the past 30 days. Furthermore, it has jumped 44.80% within the past month and has a Year-to-Date (YTD) return of around 50%. The Simple Moving Average (SMA) constantly acts as support to the price chart in the 1D time frame, while the MACD displays a rising green histogram, suggesting further increase in the altcoin's value. If the bulls hold the SYN price above its support level of $0.5885, it will prepare to test its upper resistance level of $1.170. Conversely, if bears dominate the crypto space, the Synapse price may plunge toward its crucial support trendline of $0.3125.
Despite overall volatility in the cryptocurrency market, certain Ethereum-based tokens show strong growth potential. SuperRare, Altlayer, and Synapse could become promising investments in the near future, depending on market conditions and trading sentiments.
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