3 US Cryptocurrencies to Watch
3 US Cryptocurrencies to Watch in July
The crypto market shows bullish signals as Bitcoin recently reached a new all-time high (ATH) of $118,869, influencing altcoins. However, potential market volatility is on the horizon due to announced tariffs. This analysis examines three US-based cryptocurrencies: Stellar (XLM), Bonk (BONK), and Helium (HNT).
Stellar (XLM)
Stellar (XLM) has seen a remarkable 60% surge this week, trading at $0.381. This significant price movement suggests a strong upward trend, approaching a Golden Cross, a bullish technical indicator. A successful Golden Cross could push XLM to $0.412. However, maintaining the $0.355 support is crucial to sustain bullish momentum. Failure to hold this support could trigger a price drop to $0.332 or $0.313.
XLM Price Analysis. Source: TradingView
Bonk (BONK)
Bonk (BONK) has increased by 18.4% this past week, reaching $0.00002333. The altcoin is currently testing the $0.00002272 support level. Securing this level would boost its upward momentum. Further gains could be fueled by Fear Of Missing Out (FOMO), potentially reaching $0.00002496. However, failing to hold the support could lead to a drop to $0.00001996.
BONK Price Analysis. Source: TradingView
Helium (HNT)
Helium (HNT) has experienced a significant 37% surge this week, hitting a monthly high of $3.00. Positive inflows, as indicated by the CMF, signal growing demand. Sustained growth could push HNT towards resistance at $3.38 and $3.63. Yet, a potential reversal could occur if profit-taking accelerates. Losing the $3.00 support could lead to a decline to $2.75 and potentially to $2.41.
HNT Price Analysis. Source: TradingView
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Market conditions are volatile. Always conduct thorough research before making investment decisions.
Codeum provides comprehensive blockchain solutions including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies. Contact us to learn more.