In the middle of this descending trend, Beincrypto analyzed three altcoins, which despite losses have the potential to bounce.
Hyperliquide (hype): Where is the king of altcoins?
Hype has experienced a slight decline today, but this month remains one of the most effective altcoins. Altcoin has recently reached a new historical summit (ATH) and is now 9 %to defeat its price record again.
The MacD, which oscillates between dynamics down and up, is currently indicating the bull crossing. This in the worst case is a reflection in Humbuk in terms of its support to $ 39.02. In addition, the movement in this way would prepare the soil for a possible breakthrough towards $ 44.02 before it could target ATH around $ 50.
However, if investors decide to sell their assets, the price of the hype could deteriorate below $ 39.02, then $ 36.47. This would invalidate any ascending perspective and the brake of all future token price.
SPX6900 (SPX)
The SPX price in the last 24 hours has fallen hard and traded for $ 1.36. After missing his historic summit for $ 1.77 from several cents, Altcoin is now heading to the level of $ 1.20. This decline monitors the repairs of the entire crypto market. If the dynamics weaken, the fall could be extended.
The relative force index (RSI), formerly in the area of Suurahat, indicated immediate correction after the price increase of more than 50 %. While RSI is returning to a positive area, dynamics will probably continue. This suggests that the increase with the new ATH as a goal must be considered on the SPX side.
However, if market conditions are unfavorable, the support could be undermined at $ 1.20. The movement of such a size could move altcoin to $ 0.98. This would invalidate the current perspective ascending and the market feeling would change.
IMMITABLE (IMX)
IMX develops in the opposite direction of altcoins of this article. If the latter is named at ATH, IMX will approach his ATL. After a fall of 15 % in the last 24 hours, Altcoin 21 % is achieved by the lowest historical (ATL) $ 0.34. This decline suggests the possibility of a new fall and continuing its short -term trend down.
While in two months it creates a new ATL for the second time, IMX could experience a similar reflection to the previous time. Last time Altcoin created a new ATL, RSI almost reached the zone of occurrence, leading to a conversion and a strong price increase. A similar scenario is soon expected.
However, in order to recover from its new ATL, the growing demand of investors or favorable market conditions will be necessary. Without this support, a new decline below support levels of $ 0.39 and $ 0.34 could attach a descending trend to the creation of a new ATL.
History Morality: Some altcoins will not lose the opportunity to wake up.
Notification of irresponsibility
Notice of irresponsibility: In accordance with the Trust project Directives, this article for price analysis is intended only for information purposes and must not be considered financial or investment advice. Beincrypto undertakes to provide accurate and impartial information, but market conditions may change without prior notice. Always carry out your own research before making any financial decision and consult a professional.
