Five wallet-friendly cryptocurrencies are positioned to shine this November. Crypto enthusiasts and investors are eager for the next big gainers. With potential green candles on the horizon, the article dives into which undervalued altcoins could see significant growth. This guide uncovers the top contenders set to capture attention and drive interest in the market.
Ondo (ONDO)
Ondo's price fluctuates between $0.60 and $0.74, indicating indecision from both bulls and bears. The nearest resistance lies at $0.79, which remains unbroken, while support at $0.52 provides some stability. In the past week, Ondo's price increased by over 23%, but it has dropped more than 5% over the last month and 15% in the past six months. The 10-day and 100-day moving averages have converged near current levels, suggesting a potential pause. If bulls gain strength, Ondo may break through resistance and reach $0.93, reflecting a possible 25% increase.
Cosmos (ATOM)
Cosmos (ATOM) faces a challenging market, with its price stuck between $4.10 and $4.91. Despite a 15% gain in the past week, its one-month performance shows a 14% decline, hinting at weak bullish momentum. Resistance sits at $5.23, and if broken, the price could aim for $6.04, representing an 18% potential upside. The RSI hovers near 50, indicating equilibrium, while a Stochastic reading in the mid-70s suggests overbought conditions, making traders wary of the next move.
Stacks (STX)
Stacks (STX) has experienced volatility, trading between $1.53 and $1.87. After a sluggish phase, the coin surged nearly 30% over the last week, showing signs of renewed strength. The price is nearing the $2.01 resistance level, with the next target at $2.35 if broken. While STX has risen 5% over the past month, it's still down over 43% in six months. A 10-day moving average below current levels signals growing bullish sentiment, suggesting potential for short-term growth.
Pyth Network (PYTH)
Pyth Network is facing limited upward movement, with its price fluctuating between $0.28 and $0.34. Resistance at $0.36 remains unbroken, while the coin trades below its 10-day moving average of $0.35, indicating bearish dominance. Despite a 23% gain in the past week, Pyth has dropped 62% over the last six months. A breakthrough of the next resistance could push the price to $0.41, a 20% potential rise, but weak performance against key averages suggests growth challenges ahead.
Stellar (XLM)
Stellar (XLM) remains under pressure, with its price hovering below $0.10. Bullish momentum appears weak as the price fails to break resistance just above $0.10. Stellar has dropped nearly 8% over the past month and 29% over the last six months. If bulls manage to push through resistance, XLM could climb 10% above current levels. However, with an RSI below 50, indicating limited buying interest, Stellar faces ongoing challenges in gaining upward traction.
Conclusion
November shows promise for certain cost-effective altcoins. ONDO, with its unique financial services, looks appealing. ATOM continues to gain interest with its secure and interconnected blockchain network. STX benefits from Bitcoin integration, adding value and trust. PYTH is growing within the data oracle space, providing reliable real-time data. XLM remains strong in the payments sector, offering fast and low-cost transactions. Each of these coins shows potential for growth in the upcoming bull run of 2024.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
