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The cryptocurrencies like $ICP, $MNT, $DOGE, $WIF and $BCH are recovering from their previous downtrend.
The altcoins have risen, reclaiming their previous highs and resuming their uptrend. Let us take a look at a few of these cryptocurrencies.
Internet Computer
The price of Internet Computer ($ICP) is rising, but it is still recovering from its previous low. During the previous drop, the altcoin fell as low as $3.00 before recovering. The altcoin has risen to a high of $20.96, but it is facing another rejection. $ICP is currently worth $17.44. The current rally will continue if it breaks back above the breakout level of $16.28. If the breakout level is breached, the altcoin will return to its previous price range of $11 to $16.
The altcoin has the following characteristics and is the highest performing coin.
Current price: $17.57
Market capitalization: $9,083,528,731
Trading volume: $506,376,604
7–day gain: 50.02%
Mantle
Mantle ($MNT) is currently in a bull market with a gentle rise. The rising trend was initially stalled at the high of $1.00, but it was overcome to reach the high of $1.49. The altcoin is in an uptrend after a slight retracement.
Should the altcoin overcome resistance at around $1.49, the market will rise to a high of $1.89. In the meantime, the altcoin has stalled above the support level of $1.20 after a slight retracement.
The second most valuable coin, $MNT, has the following characteristics:
Current price: $1.21
Market capitalization: $7,520,725,713
Trading volume: $367,320,168
7–day gain: 44.73%
Dogecoin
Dogecoin ($DOGE) is in an uptrend after breaking above the $0.18 resistance. In the previous price action, $DOGE was forced to trade sideways for three weeks after the uptrend ended on March 4, 2024. The altcoin has regained its upward momentum and reached a high of $0.22.
On the upside, buyers are likely to push the altcoin to a high of $0.60.
$DOGE, the third best performing cryptocurrency, has the following characteristics:
Current price: $0.217
Market capitalization: $31.17B
Trading volume: $6.26B
7–day gain: 31.77%
dogwifhat
dogwifhat ($WIF) is in an uptrend, although it is facing resistance at $3.55. Since March 15, the altcoin has struggled to break through resistance at $3.55. Today, the resistance was broken and the altcoin started to rise. If the positive momentum continues, the market will reach a high of $6.78. In the meantime, $WIF is currently valued at $3.69.
$WIF has the following characteristics and is the fourth best performing altcoin.
Current price: $3.67
Market capitalization: $3,662,364,227
Trading volume: $616,179,011
7–day gain: 28.90%
Bitcoin Cash
Bitcoin Cash ($BCH) is currently in an uptrend as it recovers from the previous drop. The altcoin has regained positive momentum and has risen above the $480 mark. The positive momentum is expected to continue to the high of $814.03. $BCH is currently worth $577.83. Buyers are driving the altcoin to its historic price of $1,642.
$BCH, the fifth best performing cryptocurrency, offers the following advantages:
Current price: $576.90
Market capitalization:$12.113.876.880
Trading volume: $1,238,715,955
7–day gain: 27.32%
Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.