Azcoinnews technical analyst David points out the next opportunities for 2 altcoins with low market caps. Coins approaching critical resistance levels have the potential to rise significantly in the coming days.
These 2 altcoins offer the opportunity to position at critical resistance levels
The top rank COMBO (COMBO) has been moving downward since June 23. In this process, it regressed to the $0.42 region on August 17. Thus, it formed a candle with a long wick indicating that there is buying pressure. Altcoin has been in the recovery process since this level. This lays the groundwork for new position opportunities.
Specifically, on September 6, the price confirmed $0.42 as support. This indicates that the downtrend has ended and a new uptrend may have started. The daily RSI is above 50 and it is in an uptrend. This supports the continuation of the upward movement. According to the analyst, the altcoin price has price momentum to potentially rise to the next horizontal resistance level at $0.69 and even as high as $0.80 in the coming days.
SPACE IDID requires close monitoring this weekend
Another breaking altcoin SPACE ID (ID) climbed above the horizontal resistance level of $0.20. Confirmed this level as support yesterday evening (green arrow). This was a bullish signal that the bulls might return. The daily RSI also turned the 50 level into support (yellow arrow), coinciding with the price rebounding from the $0.20 level as support. Thus, it further confirmed the validity of the upward move.
Therefore, ID price could potentially rise at least to the next horizontal resistance level at $0.24 or even $0.27 in the near future. A break above the $0.27 level will signal the end of the long-term downtrend.
Watch out for this altcoin project announcing huge upgrade
COMBO and ID price were technically presenting a strong bullish outlook with green signals. However, Mina Protocol (MINA), which announced a new upgrade today, may present a short-term rally opportunity with new buyers.
cryptocoin.com As we reported, the Mina team announced the new upgrade that will bring ZK smart contracts to the mainnet. This news gave the altcoin price a slight momentum of around 2.5%. The news has yet to emerge suggesting that additional earnings are possible for the weekend. MINA is currently trading in the $0.382132 region where it maintains its momentum.
By the way, we should point out that the Mina team gave the message that “a big upgrade is coming”.