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- 1 Optimism (OP) price is trading in a bullish zone showing the bullishness in the daily time frame.
- 2 Metal (MTL) crypto is trading in a downtrend, showing bearishness.
- 3 Trust Wallet Token (TWT) price is in a consolidation phase.
The cryptocurrency market is constantly evolving and presenting new opportunities for investors and users. As we go deeper into 2024, some crypto projects stand out from the crowd and have the potential to deliver impressive results, adoption, and impact. In this article, we will take a look at three crypto projects that you should watch in 2024: Optimism (OP), Metal (MTL), and Trust Wallet Token (TWT).
Optimism (OP) Price Forecast
Optimism crypto showed buyers’ strength on a daily timeframe while the short-term charts showed mild bearishness in the crypto. Moreover, the price is trading above a major EMA, indicating further strength for the OP. The RSI curve is near 53, a neutral zone, with a neutral outlook indicating neutrality in the cryptocurrency. The MACD indicator also starts to form red bars and a bearish cross which shows a mild bearishness.
At the time of publication, TRON crypto was trading slightly at $3.676 with an intraday drawdown of 1.10%, moving below the 20-Day EMA, indicating mild bearish sentiment on the charts. In addition, intraday trading volume also is $230.09 Million. TRON crypto’s market capitalization is $3.52 Billion.
Metal (MTL) Price Forecast
Metal (MTL) crypto showed seller strength on the daily chart as it is heading in the downward direction by making a lower low structure. However, the price is trading above the major EMA, indicating strength in the cryptocurrency.
The RSI curve is near 54, close to an overbought zone, with a negative outlook indicating mild bearish sentiment in the cryptocurrency. The MACD indicator continued to form a green band and a bearish crossover about to form hinting about the weakness in price.
Metal (MTL) crypto is showing signs of weakness as it fell below the upper trendline. It closed at $1.590, down 2.75% on the day. Intraday volume is $10.71 Million. MTL Crypto has a market cap of $105.88 Million.
Trust Wallet Token (TWT) Price Forecast
The Trust Wallet Token (TWT) chart shows sellers are pulling the price from the upper trendline. The cryptocurrency is in a consolidation phase as it falls below the main EMA. Technical indicators also support the neutral sentiment as RSI is close to the neutral zone of 56 and MACD has formed a bearish crossover with the red band. These signals indicate that the cryptocurrency could face even greater downward pressure in the coming weeks.
At the time of writing, TWT crypto was trading slightly at $1.25631802 with an intraday gain of 0.03%, moving below the upper trendline, indicating bearish sentiment on the charts. In addition, intraday trading volume is $32.64 Million. TWT crypto market capitalization is $523 Million.
Conclusion
Optimism, Metal, and Trust Wallet Token are three crypto projects that have unique features and advantages that could make them successful in 2024. These projects have shown positive price trends and technical indicators and could continue to grow in the coming year. However, as always, investors and users should do their own research and be aware of the risks involved in the crypto market.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
