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- 1 DYDX token price signifies bullish momentum and is heading towards the $5 mark.
- 2 GRT price replicated a bounce and is skyrocketing gains.
- 3 ALGO coin price spiked above the neckline hurdle of $0.2500 and witnessed a breakout.
The dydx token (DYDX), Graph token (GRT), and the Algorand coin (ALGO) crypto replicated buying momentum and has been outperforming the past sessions. These strong contenders are at the perfect levels and are suited to go long in 2024.
DYDX Witnessed Range Breakout: Can Bulls Cross $5 Mark?
The dydx token (DYDX) price witnessed a rising parallel channel and spiked over 80% in the last two months. Bulls have succeeded in spreading the bullish leg above the $4 mark. Furthermore, the trend is intact, and the token may continue to ride in the bullish wave and may cross the upper neckline of $5 shortly. The RSI curve stayed in the overbought zone, signifying the trend reversal on the charts.
The price of the DYDX token was $4.29 at press time, with an intraday gain of 3.77%, showing bullishness on the charts. Moreover, the trading volume increased by 9.77% to $210.32 Million, and the market cap rose to $237.57 Million. Analysts are bullish and suggest that the DYDX token will persist in advancing gains and may soon retest the $10 mark.
The Graph Displays Double Bottom Breakout: What’s Next?
The Graph token (GRT) price gained momentum and reflected an uptick on the charts. The token has surged by 135% this month and echoed bullish sentiments. The GRT token price persisted in the surge, and the sharp spike in trading volume witnessed investor interest.
The Graph token (GRT) price was $0.3379 at press time with an intraday gain of 3.19%, showing bull accumulation on the charts. Moreover, the trading volume increased by 10.67% to $360.85 Million, and the market cap rose to $2.85 Billion. Analysts are bullish and suggest that Graph token (GRT) will continue to emerge gains and may catch $0.4000 soon.
ALGO Displays Rounding Bottom Formation: Can ALGO Tops $0.3000 Mark?
The Algorand coin (ALGO) price zoomed above the 50-day EMA mark, and a rounding shape of recovery was noted on the charts. Moreover, the coin has gained investor interest and is witnessing a spike in trading volume this month. Furthermore, the coin has overtaken the primary hurdle of $0.2500 and intends to cross the upper neckline of $0.3000.
The Algorand coin (ALGO) price was $0.2724 at press time, with an intraday gain of 0.17%, showing neutrality on the charts. Moreover, the trading volume increased by 8.95% to $222.89 Million, and the market cap rose to $2.19 Billion. Analysts are bullish and suggest that Algoran coin (ALGO ) will continue extending the gains and may surpass $0.3000 soon.
Summary
The DYDX token (DYDX), Graph token (GRT), and Algorand coin (ALGO) cryptos are in bullish momentum and are replicating positive sentiments on the charts. Investors must watch out for these crypto assets and the below-mentioned levels before entering the trade.
Technical Levels
Support Levels of DYDX:$4 and $3.80
Support Levels of GRT: $0.3200 and $0.3000
Support Levels of ALGO: $0.2500 and $0.2300
Resistance Levels of DYDX: $5 and $5.80
Resistance Levels of GRT: $0.3500 and $0.3800
Resistance Levels of ALGO: $0.3000 and $0.3200
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
