Price Analysis

Top Mid-cap Altcoins To Stack For 100% Surge In Q3!

The cryptocurrency market has recorded a significant uptrend in its valuation following the price of Bitcoin reclaiming the $57K mark. Moreover, top altcoins have displayed a similar trend by adding significant value to their respective portfolios. 

On the other hand, memecoins, mid-cap, and low-cap altcoins recorded the highest gains, making this an excellent opportunity to buy the best crypto tokens at a heavily discounted price.

Scroll down as, in this article, we have covered the top 4 mid-cap altcoins that have the potential to record a surge of up to 100% by the end of Q3 2024.

Polygon (MATIC):

Amid increased price volatility in the cryptocurrency space, the MATIC price has lost 1.34% within the past 24 hours with a trading volume of $258.41 Million, a change of less than 1%. Moreover, this Ethereum-based altcoin has plunged 11.82% within the previous week and 23.57% over the past month.

TradingView: MATIC/USDT

The technical indicator, RSI, displays a significant rise above its oversold range, indicating increased buying and selling pressure in the crypto space. Moreover, the average trendline has recorded a bullish crossover, suggesting that the altcoin will continue gaining value in the coming time.

If the market holds the Polygon price above its crucial support level of $0.50, the bulls will regain momentum and prepare to test its upper resistance level of $0.690. Conversely, if the bears regain momentum, the MATIC coin price will plunge toward its low of $0.3250.

Mantle (MNT):

Despite recording a jump of approximately 2% within the past day, the Mantle price has lost 14.46% over the past week and has plunged 28.07% during the previous month. Currently, the altcoin trades at a discount of 55.41% from its ATH, highlighting a high possibility of a bullish rally.

Mantle Price Analysis
TradingView: MNT/USDT

The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, highlighting an increase in the bullish sentiment for the MNT price. Further, the averages show a potential bullish convergence in the 1D time frame, suggesting a positive outlook.

If the crypto market continues to trade under a bullish sentiment, the MNT coin price will prepare to test its upper resistance of $0.860. However, if the bears overpowered the bulls, the Mantle price would test its low of $0.5773.

Arbitrum (ARB):

With the rising uncertainty in the cryptocurrency market, the Arbitrum price has displayed a neutral price action within the past 24 hours and 13.20% over the past seven days. Moreover, the ARB crypto has plunged 30.63% within the past 30 days and has a YTD return of 56.54%.

Arbitrum Price Analysis
TradingView: ARB/USDT

The Relative Strength Index (RSI) continues to hover close to its oversold range, indicating a weak price action for the Arbitrum crypto in the market. Furthermore, the average displays a constant downtrend, suggesting a bearish price sentiment.

Suppose, the ARB price regains momentum, in such case, this altcoin will head toward its upper resistance level of $1.03. Negatively, if the bears continue to dominate the market, the Arbitrum token will plunge toward its crucial support level of $0.60.

ImmutableX (IMX):

The ImmutableX price continues to trade under a bearish sentiment by recording a correction of 1.59% within the past day with a trading volume of $55.57 Million. Moreover, the IMX price has plunged 23.47% within the past week and 36.92% over the past 30 days.

ImmutableX Price Analysis
TradingView: IMX/USDT

The technical indicator, MACD, has recorded a constant decline in the red histogram, indicating an increase in the buying pressure within the crypto market. Further, the averages show a bullish convergence in its price chart, suggesting the IMX price will continue gaining value this week.

If the market continues trading under a bullish sentiment, the ImmutableX price will prepare to test its upper resistance level of $1.9250. Conversely, if the bulls fail to hold momentum, the IMX coin price will plunge toward its low of $1.

Read Also: High Ranking Altcoins Are Ready For New ATH

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