Cryptocurrency enthusiasts are keenly observing the movements of large investors, known as whales, as the bull run of 2024 unfolds. May has brought a new set of altcoins into the spotlight, drawing attention from both seasoned and novice market participants. This article delves into five such altcoins that have surfaced on whales' watchlists. It serves as a guide for those pondering whether to invest in these coins or to steer clear.
BlastUP Token Projected to Soar 1000% By Year’s End
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Sei Token Price Analysis: A Close Look at Recent Performance
In the past week, Sei (SEI) has experienced a significant price drop of about 18.82%. Over the last month, its price has fallen roughly 36.90%. However, looking at the past six months, Sei's price has made a remarkable jump, soaring around 368.76%. Currently, Sei is trading between $0.53 and $0.67. The token has a near support level at $0.47 and resistance at $0.75. Technical indicators show the price might be in a corrective phase due to the RSI being at 29.29, which suggests it is possibly oversold. With the 10-day average price at around the lower end of the current price range, and the 100-day average slightly above, the token might see some near-term stability before any potential move upwards or downwards.
NEAR Protocol Price Movement and Future Outlook
NEAR Protocol (NEAR) is showing promise with a current price range between $6.38 and $7.68, after a notable six months increase of 282.93%. Despite recent dips of 15.29% over the past week and 19.93% in a month, NEAR is trading above its 10-day average of $6.07, but below the 100-day average of $6.82. It approaches the nearest resistance at $8.31 with the next hurdle at $9.61, whereas support levels are found at $5.71 and stronger at $4.41. The market's momentum indicators such as the Relative Strength Index and Stochastic suggest NEAR is currently oversold, which could hint at a potential upward correction soon. The coin's price action seems corrective, looking for a steady base to make its next move.
Aptos (APT) Price Sees Drop Amid Market Fluctuations
Aptos, trading between $8.13 and $10.12, recently faced a downturn, dropping 13.89% this week and 50.51% over the past month. Despite this, the coin still shows a 26.15% rise in the last six months. The price struggles below the nearest resistance at $11.26, with support at $7.27 possibly preventing further decline. The market indicators suggest that Aptos is not in a strong trend, with the RSI and Stochastic pointing to a more neutral stance without strong momentum, and the MACD slightly negative, which signals a possible continuation of the corrective moves rather than an impulsive trend.
Optimism Price Movement: Is a Recovery on the Horizon?
Over the past week, Optimism (OP) saw a slight dip of 2.18%. Within the last month, the price fell by 33.86%, painting a challenging short-term outlook. However, looking back six months, OP has surged by 77.66%. The current price fluctuates between $2.33 and $2.86, with the RSI near a neutral point at 47.87, which suggests neither overbuying nor overselling. The simple moving averages for 10 and 100 days are equal at $2.51, indicating a lack of a strong trend in either direction. For future prices, if OP can cross the nearest resistance at $3.09, further growth to possibly the second resistance at $3.62 might be seen. In the opposite case, if the price drops, it might find support at $2.02 or even at the lower level of $1.49. The current moves seem corrective, as the price is consolidating around the moving average levels without clear impulsive direction.
Conclusion
Altcoins like SEI, NEAR, APT, and OP are on investors' watchlists for May. It's important to note that these coins might not see significant short-term gains. However, BlastUP stands out with a strong potential for growth. This coin's concept and its place in the Blast ecosystem suggest it could be a better pick for those looking to invest in the current bull run.
Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
