The cryptocurrency industry continues to display a negative trend, resulting in the top tokens witnessing a significant loss over the past seven days. Moreover, the market sentiments hint at a bearish sentiment, indicating a bear power in the crypto space.
In this article, we have covered the top 3 altcoins under $0.10 that have the potential to display a bullish trend reversal during the upcoming week.
Gala (GALA):
The GALA price traded in a consolidated range between $0.03612 and $0.04991 for about two weeks, following which the bulls regained momentum and recorded a jump of 102.04% in valuation. After facing rejection at $0.0828, the bulls lost momentum and broke down the range.
The GALA token traded in a consolidated range between $0.0584 and $0.0741 for a period. As the market volatility grew, the bulls failed to hold the price above the support level, resulting in the Gala coin price recording a breakdown. Since then, the price has been displaying a neutral trend.
The Moving Average Convergence Divergence (MACD) displays a constant green histogram, indicating a bullpower in the crypto space. Further, the averages show a bullish convergence, suggesting a positive price action for the altcoin in the coming time.
If the market pushes the price above the resistance level of $0.0584, the bulls will regain momentum and test its upper level of $0.08284 during the upcoming weeks. However, a bearish trend reversal may pull the price toward its low of $0.0427.
Bonk (BONK):
The Bonk price traded in a closed range between $0.0000111 and $0.0000148 for a period, following which the bulls regained momentum and jumped approximately 68% before facing rejection below the resistance level of $0.0000270, after which the price traded sideways for a while.
As the market volatility increased, the memecoin recorded another jump of 60.78%, after which the price faced rejection at $0.0000415. Following this, the bulls broke down the range and displayed a neutral trend for a brief period. Since then, the price has been trading in a closed range.
The technical indicator, MACD, shows a constant flatline in the histogram, highlighting weak buying and selling pressure in the crypto market. Moreover, the averages display a similar trend, suggesting uncertainty in the future price action for the altcoin.
If the market holds the price above the support level of $0.0000212, the bulls will regain momentum and run to test its upper resistance level of $0.0000341 in the upcoming weeks. Conversely, if the bears overpowered the bulls, the price would fall to test its low of $0.0000111.
JasmyCoin (JASMY):
The JASMY price displayed a neutral trend by trading between $0.0123 and $0.0162, during which it failed multiple attempts to break out of the resistance level. As the market volatility grew, the bulls jumped 50%, after which it displayed a neutral trend for a while.
Following this, the JasmyCoin traded in a consolidated range between $0.01930 and $0.0255 for about two weeks. As the market lost momentum, the price fell to test its low of $0.0162, after which the bulls recorded a bounce back. Since then, the price has been displaying a sideways trend.
The MACD displays a constant decline in the chart, indicating a decline in the buying pressure in the crypto space. On the other hand, the averages show a bullish convergence, suggesting a mixed sentiment.
If the bulls regain momentum, the JASMY price will run to test its upper resistance level of $0.030 in the coming time. Negatively, a bearish influence may pull the price toward its low of $0.0162.
