Low-Cap Cryptocurrency Gems: As the crypto market buzzes with anticipation over the potential approval of a Bitcoin spot ETF in 2024, savvy investors are turning their focus to low-cap cryptocurrencies for exceptional returns. These hidden gems, often overlooked in the shadow of giants like Bitcoin and Ethereum, hold the potential for significant growth. This article is tailored for investors aiming to diversify their portfolio with high-potential, low-cap cryptocurrencies in the coming year.
Also Read: Bitcoin NFT Sales Hit New Record for December 2023, What’s Ahead in January?
Terra Classic Price Hints Early Signs of Trend Reversal
In December, the Terra Classic price entered a marked correction phase from its high at $0.00028, plummeting by over 49% within the month and struggling to stabilize above $0.000135. Despite this downturn, a bullish reversal pattern and Binance’s LUNC burning mechanism signal a potential shift in momentum, favoring buyers.
The daily chart reveals a falling wedge pattern for Terra Classic, characterized by converging trendlines. This pattern often suggests a decrease in bearish momentum, hinting at an upcoming shift in market control. The pattern’s influence is evident through several reversals at these trendlines.
Amidst the current crypto market’s uncertainty, this technical formation implies that LUNC’s downward trend might be short-lived, preceding a significant breakout. A leap over the pattern’s upper boundary would end the correction, paving the way for a recovery. In this bullish scenario, the price could see a 32% rise, targeting a high near $0.000193, followed by $0.00021, and $0.00028.
The Relative Strength Index (RSI), positioned at 44.5% on the daily chart, indicates that the market is currently undergoing a correction phase
Here’s Why Astar Price is Set for 20% upsurge
The Astar(ASTR) coin has been on an impressive bull run since late October, mirroring a general bullish sentiment in the market and propelled by a double-bottom pattern. This rally initiated from a low of $0.0385 to an impressive new high of $0.1744, marking an extraordinary 355% growth.
On December 26th, the ASTR price trajectory underwent a significant shift with a decisive breakout from the $0.116 neckline resistance, a key feature of the double-bottom pattern. At the time of writing, the ASTR price hovers around $0.17, with increasing trading volume indicating a robust recovery trend in the market.
This chart pattern suggests a further potential uptick in the ASTR price, possibly by another 20%, aiming for a target of $0.204. In this scenario, buyers are expected to recapture the 50% Fibonacci retracement level, effectively diminishing the bearish influence over the asset and setting a new bull Run
Additionally, the Average Directional Index (ADI) stands at a high of 69%, suggesting that buyers might induce a minor pullback to replenish bullish momentum before continuing their ascent
IOTA Price Poised for a Massive Breakout
2 In the daily time frame, the IOTA price chart reveals the emergence of a bullish Cup and Handle pattern, a classic sign of trend reversal often seen at market bottoms. This pattern signifies a phase of sustained accumulation among investors. Notably, the recent correction in IOTA, from $0.37 to $0.24 in early December, is a key element of this pattern’s formation. Navigating through the prevailing uncertainty in the crypto market, IOTA has maintained a steady position above the $0.25 level, recently witnessing a 19% rebound to around $0.3.
Should the bullish momentum continue, there’s potential for the IOTA price may increase by an additional 24%, aiming to test the pattern’s neckline resistance at $0.37. A successful breach of this level, confirmed by a daily candle closing above it, would likely amplify the bullish pressure.
This could trigger a post-breakout rally, potentially propelling the IOTA price towards ambitious targets of $0.612 and then $0.848. Additionally, a bullish crossover between the MACD and its signal line could further cement the sentiment of recovery for this cryptocurrency.
