The crypto market is filled with tokens often lost in the chaos of volatility. However, over the past month, several altcoins have gained attention on social media platforms. Their performance reflects their growing prominence, positioning them as assets that investors should closely monitor.
Thus, BeInCrypto has analysed three such hidden gem altcoins that investors might be missing out on.
XPR Network (XPR)
XPR has emerged as one of the top-performing tokens this month, rising by 60% to trade at $0.00481. Despite its strong performance, the altcoin has been consolidating for the past two weeks, remaining below the $0.00505 resistance level. This consolidation highlights the market’s uncertainty in the short term.
The Bollinger Bands are currently converging, indicating that XPR is preparing for a significant volatility breakout. This pattern suggests that the token could experience a sharp move in the coming days. If the market remains bullish, XPR could break through $0.00505 and $0.00524, pushing towards $0.00600.
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However, if the market conditions shift toward bearishness, XPR’s price could fall below its support level of $0.00473. In such a scenario, the altcoin may decline further to $0.00428, invalidating the bullish outlook and causing a setback for the asset.
Telcoin (TEL)
TEL saw a remarkable 82% increase at the start of the month, reaching $0.0069, but has since fallen to $0.0048. Despite this pullback, the altcoin remains 24% up for the past month, showcasing strong performance in a fluctuating market, highlighting its potential for recovery if demand returns.
TEL has earned a spot as one of CoinMarketCap’s top Hidden Gems, signaling growing investor interest. If TEL manages to secure support at $0.0049, it could begin recovering its recent losses. A bounce above $0.0049 could push the altcoin towards $0.0061, reaffirming its upward momentum.
However, should investors continue selling, TEL could drop below the critical support of $0.0043. A further decline would take the altcoin to $0.0037, invalidating the bullish thesis. This would mark a significant reversal and put pressure on future growth prospects.
Zora (ZORA)
ZORA has been one of the standout performers in the crypto market this month, with an impressive 748% rally in the last five weeks. This surge has positioned ZORA among the top-performing tokens of July, making it an altcoin worth watching for potential future gains in a volatile market.
After reaching a new all-time high (ATH) of $0.105, ZORA is currently trading at $0.071, 44.7% away from its peak. The altcoin is receiving bullish support from the market, and with continued demand, ZORA could potentially breach $0.105 and set a new ATH, extending its impressive growth.
However, if investors start selling off their holdings, ZORA could struggle to maintain momentum. A slip through the critical support of $0.052 would likely push the price further down to $0.038 or lower, invalidating the bullish outlook and suggesting that a correction could be imminent for the altcoin.
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Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
