Biyjie reports:
Entering July, although Bitcoin has rebounded from its low point, the cryptocurrency fear and greed index remains in the neutral range, indicating that investors are uncertain about future market trends. Even though the market performance is mediocre, there are still many altcoins with potential for explosive growth.
Here are three undervalued altcoins that might yield returns in July. This is for reference only and not investment advice.
MANTRA (OM): An under-the-radar RWA token
MANTRA (OM) is a public chain project in the real-world asset (RWA) track, providing secure and scalable infrastructure aimed at creating a highly liquid RWA permissionless dApp ecosystem on-chain.
In the first two weeks of June, OM suddenly surged 55%, reaching around $1.04, but failed to break through this resistance, subsequently experiencing a sharp decline that erased all gains.
Nevertheless, OM’s price has remained at the critical support level of $0.64, which has held for three and a half months, giving OM a chance to rebound, especially as the current relative strength index (RSI) approaches the buy zone.
However, if this support level is broken, OM investors may face significant losses, as OM could fall below $0.5, erasing half of the gains since the end of March.
Wemix (WEMIX): Blockchain gaming platform token
Wemix (WEMIX) is a blockchain launched by South Korean gaming giant Wemade, focusing on the GameFi sector. The Wemix ecosystem includes blockchain games, decentralized finance (DeFi), and NFT platforms, and has launched blockchain games like MIR 4 and Night Crows international edition.
WEMIX has not performed well in the past month, rising only 7%, but it has shown bullish potential at the start of July.
In just the past week, WEMIX has risen over 35%, temporarily breaking the key resistance level of $1.38, which was previously considered important support. If this level can be turned back into support, it will further push WEMIX’s rally, potentially aiming for $2 and entering a new consolidation range.
However, if WEMIX holders sell for profit and fail to stay above $1.38, the short-term bullish outlook will be invalidated, and $WEMIX might dip to $0.98, erasing all of June’s gains.
Raydium (RAY): The light of liquidity on Solana
Raydium (RAY) is an automated market maker (AMM) and liquidity provider on the Solana chain, serving the decentralized exchange (DEX) Serum. Besides enabling governance participation for holders, RAY can also be staked to earn yields or participate in DEX initial token offerings (IDO).
Despite the recent market downturn, RAY’s performance has been unexpectedly stable.
In the past three and a half months, RAY’s price has fluctuated between $1.82 and $1.45, now seeking a breakout. RAY’s Moving Average Convergence Divergence (MACD) recently formed a golden cross, often seen as a bullish signal.
MACD is a trend-following momentum indicator used to determine the strength, direction, momentum, and cycle of a price trend. By analyzing MACD, investors can identify potential buy and sell signals.
RAY is seeking the possibility of breaking out of the consolidation range, predicting that bulls will push the price to $1.99, aiding in breaking the range. If RAY fails to break out, it may remain in consolidation, and the short-term bullish outlook will be invalidated.
Future updates will include analysis of leading projects in other tracks. Interested readers can follow for more. I will also periodically organize some cutting-edge information and project reviews, welcoming like-minded individuals in the crypto community to explore together. If you have any questions, feel free to comment or send a private message
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Julys Hidden Opportunities for Getting Rich 3 Underestimated Small Coins
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