BTC is hovering around the $61,000 mark, and altcoins are slowly turning red. June was not favorable for cryptocurrency investors. Altcoins experienced significant drops, with losses exceeding 30% in some cases, reaching the lows seen at the end of 2023. However, in July, these two altcoins might bring gains to investors.
OriginTrail (TRAC)
OriginTrail is one of the lesser-known altcoins in the artificial intelligence (AI) sector. The hype in this category has brought massive gains to many cryptocurrencies. NVIDIA’s record-breaking achievements and other developments have supported price increases. Moreover, ongoing developments in the AI field could serve as stable price catalysts in the future. The only issue is which ones will be able to sustain themselves.
Last week, the price increased by 17% and hovered near its seven-day peak throughout the day. The MACD indicates that interest remains high and that the price increase could continue next month. Buying activities dominate over selling. On June 25, the MACD line intersected with the signal line, which is considered a bullish signal.
If the bulls can sustain the price increase for TRAC Coin, the rally could continue up to $0.79. Otherwise, sellers will target $0.74.
Marlin (POND)
The second lesser-known and equally risky altcoin is POND Coin. This altcoin is also working on programmable infrastructure services for DeFi and Web3. Despite BTC price fluctuations, its seven-day gain increased by 10%. By reclaiming the 20-day moving average, the altcoin confirmed its short-term bullish trend.
When EMA20 is reclaimed, investors expect further price increases. Seeing such strength is positive, especially when the overall market sentiment is weak. Even SOL Coin continues in the red despite the ETF application. The importance of positively diverging altcoins is high for this reason.
If the upward trend continues, the POND Coin price could keep rising to $0.02. In the opposite scenario, it will look for new lows near $0.01. At the time of writing, BTC was at $60,850 and was trying to test its main support again after recent sales.
